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

Shares of Four Corners Property Trust, Inc. (NYSE:FCPT) have been given a consensus recommendation of “Moderate Buy” by the four ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $27.00.

A number of equities analysts have recently commented on the stock. JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a report on Wednesday, August 28th. Raymond James lifted their price target on shares of Four Corners Property Trust from $27.00 to $29.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Evercore ISI boosted their target price on shares of Four Corners Property Trust from $26.00 to $28.00 and gave the company an “in-line” rating in a report on Wednesday, August 28th. Finally, Wells Fargo & Company upgraded shares of Four Corners Property Trust to a “strong-buy” rating in a report on Monday, August 12th.

Hedge Funds Weigh In On Four Corners Property Trust

A number of institutional investors have recently made changes to their positions in FCPT. Larson Financial Group LLC boosted its position in Four Corners Property Trust by 25,000.0% during the 1st quarter. Larson Financial Group LLC now owns 1,004 shares of the financial services provider’s stock valued at $25,000 after buying an additional 1,000 shares during the period. Covestor Ltd boosted its position in Four Corners Property Trust by 23.2% during the 1st quarter. Covestor Ltd now owns 2,493 shares of the financial services provider’s stock valued at $61,000 after buying an additional 470 shares during the period. Blue Trust Inc. boosted its position in Four Corners Property Trust by 1,469.1% during the 2nd quarter. Blue Trust Inc. now owns 3,703 shares of the financial services provider’s stock valued at $91,000 after buying an additional 3,467 shares during the period. Lazard Asset Management LLC boosted its position in Four Corners Property Trust by 491.0% during the 1st quarter. Lazard Asset Management LLC now owns 7,973 shares of the financial services provider’s stock valued at $195,000 after buying an additional 6,624 shares during the period. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in Four Corners Property Trust during the 4th quarter valued at $223,000. Institutional investors own 98.66% of the company’s stock.

Four Corners Property Trust Trading Down 0.6 %

Shares of FCPT stock opened at $29.79 on Friday. Four Corners Property Trust has a 12-month low of $20.51 and a 12-month high of $30.93. The firm has a 50 day moving average price of $27.90 and a two-hundred day moving average price of $25.50. The company has a market capitalization of $2.74 billion, a PE ratio of 27.84 and a beta of 1.10. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.43.

Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.14). The firm had revenue of $66.48 million during the quarter, compared to the consensus estimate of $63.70 million. Four Corners Property Trust had a net margin of 37.01% and a return on equity of 7.72%. The business’s revenue was up 9.5% compared to the same quarter last year. During the same period last year, the business earned $0.42 earnings per share. As a group, analysts predict that Four Corners Property Trust will post 1.66 earnings per share for the current year.

Four Corners Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend is Monday, September 30th. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 128.97%.

About Four Corners Property Trust

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.