Four Corners Property Trust, Inc. (NYSE:FCPT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Four Corners Property Trust, Inc. (NYSE:FCPT) has been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $30.20.

Several analysts recently commented on the company. JMP Securities reaffirmed a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Barclays cut their price target on 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. Finally, Wells Fargo & Company increased their price objective on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th.

Four Corners Property Trust Trading Up 1.0 %

Four Corners Property Trust stock opened at $28.65 on Thursday. Four Corners Property Trust has a one year low of $22.38 and a one year high of $30.93. The business’s fifty day moving average is $28.08 and its 200 day moving average is $28.39. The stock has a market capitalization of $2.86 billion, a PE ratio of 26.77 and a beta of 1.16. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11.

Four Corners Property Trust (NYSE:FCPT) last released its quarterly earnings data 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 net margin of 37.48% and a return on equity of 7.54%. On average, sell-side analysts predict that Four Corners Property Trust will post 1.68 EPS for the current year.

Four Corners Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 4.96%. The ex-dividend date is Monday, March 31st. Four Corners Property Trust’s dividend payout ratio (DPR) is currently 132.71%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC raised its stake in Four Corners Property Trust by 5.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,755 shares of the financial services provider’s stock worth $238,000 after acquiring an additional 450 shares during the period. GF Fund Management CO. LTD. purchased a new stake in shares of Four Corners Property Trust in the fourth quarter worth $46,000. Public Employees Retirement System of Ohio increased its stake in shares of Four Corners Property Trust by 1.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 260,842 shares of the financial services provider’s stock worth $7,079,000 after purchasing an additional 4,697 shares in the last quarter. Palisades Investment Partners LLC raised its position in shares of Four Corners Property Trust by 8.3% during the 4th quarter. Palisades Investment Partners LLC now owns 31,303 shares of the financial services provider’s stock valued at $850,000 after purchasing an additional 2,407 shares during the period. Finally, PharVision Advisers LLC purchased a new position in shares of Four Corners Property Trust during the 4th quarter valued at $201,000. 98.66% of the stock is currently owned by institutional investors.

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.