Four Corners Property Trust, Inc. (NYSE:FCPT) Given Average Rating of “Moderate Buy” by Analysts

Four Corners Property Trust, Inc. (NYSE:FCPT) has received an average recommendation of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $30.20.

FCPT has been the topic of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Monday, March 10th. JMP Securities reissued a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Finally, Barclays lowered their price objective on shares of Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th.

Hedge Funds Weigh In On Four Corners Property Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC boosted its position in Four Corners Property Trust by 30.6% during the 3rd quarter. FMR LLC now owns 13,930,746 shares of the financial services provider’s stock valued at $408,310,000 after acquiring an additional 3,268,064 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Four Corners Property Trust by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 10,874,938 shares of the financial services provider’s stock valued at $295,146,000 after purchasing an additional 240,230 shares in the last quarter. Invesco Ltd. grew its stake in Four Corners Property Trust by 2.9% in the fourth quarter. Invesco Ltd. now owns 3,072,755 shares of the financial services provider’s stock worth $83,395,000 after purchasing an additional 85,476 shares during the period. Geode Capital Management LLC raised its holdings in Four Corners Property Trust by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 2,455,295 shares of the financial services provider’s stock worth $66,651,000 after purchasing an additional 98,120 shares in the last quarter. Finally, Capital International Investors lifted its position in Four Corners Property Trust by 25.4% during the fourth quarter. Capital International Investors now owns 2,267,422 shares of the financial services provider’s stock valued at $61,538,000 after buying an additional 459,542 shares during the period. Hedge funds and other institutional investors own 98.66% of the company’s stock.

Four Corners Property Trust Stock Performance

Four Corners Property Trust stock opened at $28.52 on Thursday. The firm has a fifty day simple moving average of $28.17 and a two-hundred day simple moving average of $28.35. Four Corners Property Trust has a twelve month low of $22.38 and a twelve month high of $30.93. The company has a market capitalization of $2.85 billion, a PE ratio of 26.65 and a beta of 1.16. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.36.

Four Corners Property Trust (NYSE:FCPT) last issued its earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.16. Four Corners Property Trust had a return on equity of 7.54% and a net margin of 37.48%. Research analysts expect that Four Corners Property Trust will post 1.68 EPS for the current year.

Four Corners Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.355 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.42 annualized dividend and a dividend yield of 4.98%. Four Corners Property Trust’s dividend payout ratio is 132.71%.

Four Corners Property Trust Company Profile

Four Corners Property Trust, Inc engages in the owning, acquisition, and leasing of properties for use in the restaurant and food-service related industries. It operates through the Real Estate Operations and Restaurant Operations segments. The Real Estate Operations segment consists of rental revenues generated by leasing restaurant properties.