Four Corners Property Trust, Inc. (NYSE:FCPT) Receives $30.60 Average Target Price from Analysts

Shares of Four Corners Property Trust, Inc. (NYSE:FCPT) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $30.60.

FCPT has been the topic of several recent research reports. Wells Fargo & Company restated an “overweight” rating and issued a $32.00 price target (up from $28.00) on shares of Four Corners Property Trust in a research report on Tuesday, October 1st. JMP Securities restated a “market perform” rating on shares of Four Corners Property Trust in a research report on Tuesday, December 10th. Barclays initiated coverage on Four Corners Property Trust in a research report on Tuesday, December 17th. They issued an “equal weight” rating and a $31.00 price target on the stock. Finally, UBS Group started coverage on Four Corners Property Trust in a research report on Thursday, November 14th. They issued a “buy” rating and a $33.00 price target on the stock.

Institutional Trading of Four Corners Property Trust

Hedge funds have recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC raised its stake in shares of Four Corners Property Trust by 25.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 425 shares during the period. Verdence Capital Advisors LLC raised its stake in shares of Four Corners Property Trust by 4.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 12,298 shares of the financial services provider’s stock valued at $360,000 after purchasing an additional 527 shares during the period. MML Investors Services LLC raised its stake in shares of Four Corners Property Trust by 5.6% in the 3rd quarter. MML Investors Services LLC now owns 11,881 shares of the financial services provider’s stock valued at $348,000 after purchasing an additional 635 shares during the period. GAMMA Investing LLC raised its stake in shares of Four Corners Property Trust by 24.0% in the 3rd quarter. GAMMA Investing LLC now owns 4,205 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 814 shares during the period. Finally, Arizona State Retirement System raised its stake in shares of Four Corners Property Trust by 3.5% in the 2nd quarter. Arizona State Retirement System now owns 25,753 shares of the financial services provider’s stock valued at $635,000 after purchasing an additional 863 shares during the period. Institutional investors and hedge funds own 98.66% of the company’s stock.

Four Corners Property Trust Stock Up 2.0 %

Shares of FCPT opened at $26.78 on Friday. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 25.03 and a beta of 1.13. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 0.17. The business’s fifty day moving average price is $28.14 and its two-hundred day moving average price is $27.94. Four Corners Property Trust has a 52 week low of $22.38 and a 52 week high of $30.93.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.14). Four Corners Property Trust had a return on equity of 7.68% and a net margin of 37.27%. The company had revenue of $66.79 million during the quarter, compared to the consensus estimate of $63.50 million. During the same quarter in the prior year, the business earned $0.42 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts predict that Four Corners Property Trust will post 1.66 earnings per share for the current year.

Four Corners Property Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 5.30%. The ex-dividend date is Tuesday, December 31st. This is an increase from Four Corners Property Trust’s previous quarterly dividend of $0.35. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 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.