Four Corners Property Trust (NYSE:FCPT) Given New $30.00 Price Target at Barclays

Four Corners Property Trust (NYSE:FCPT - Get Free Report) had its price objective dropped by research analysts at Barclays from $31.00 to $30.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the financial services provider's stock. Barclays's price target suggests a potential upside of 7.45% from the company's previous close.

A number of other research analysts have also weighed in on the company. JMP Securities restated a "market perform" rating on shares of Four Corners Property Trust in a report on Tuesday, December 10th. UBS Group initiated coverage on Four Corners Property Trust in a report on Thursday, November 14th. They issued a "buy" rating and a $33.00 price target for the company. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Four Corners Property Trust has a consensus rating of "Moderate Buy" and an average target price of $30.40.

Four Corners Property Trust Stock Performance

Shares of FCPT traded down $0.09 during mid-day trading on Tuesday, reaching $27.92. The company had a trading volume of 263,659 shares, compared to its average volume of 467,506. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $2.70 billion, a P/E ratio of 26.09 and a beta of 1.14. The stock has a 50 day moving average of $27.79 and a two-hundred day moving average of $28.20. Four Corners Property Trust has a 52-week low of $22.38 and a 52-week high of $30.93.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC raised its position in Four Corners Property Trust by 165.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 860 shares in the last quarter. Synergy Investment Management LLC acquired a new stake in shares of Four Corners Property Trust during the 4th quarter worth about $48,000. Truvestments Capital LLC acquired a new stake in Four Corners Property Trust during the third quarter worth approximately $51,000. Eagle Bay Advisors LLC grew its position 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 buying an additional 425 shares during the last quarter. Finally, KBC Group NV boosted its stake in Four Corners Property Trust by 50.4% in the fourth quarter. KBC Group NV now owns 3,702 shares of the financial services provider's stock valued at $100,000 after acquiring an additional 1,240 shares in the last quarter. Institutional investors and hedge funds own 98.66% of the company's stock.

About Four Corners Property Trust

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.