Four Corners Property Trust, Inc. (NYSE:FCPT) Receives $30.40 Consensus Target Price from Analysts

Four Corners Property Trust, Inc. (NYSE:FCPT - Get Free Report) has received a consensus rating of "Moderate Buy" from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $30.40.

Several brokerages have weighed in on FCPT. UBS Group assumed coverage on shares of Four Corners Property Trust in a research note on Thursday, November 14th. They issued a "buy" rating and a $33.00 target price for the company. Barclays lowered their price objective on Four Corners Property Trust from $31.00 to $30.00 and set an "equal weight" rating for the company in a research report on Tuesday. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Four Corners Property Trust in a research report on Tuesday, December 10th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FCPT. Smartleaf Asset Management LLC boosted its position in Four Corners Property Trust by 165.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the financial services provider's stock valued at $38,000 after buying an additional 860 shares during the last quarter. Synergy Investment Management LLC acquired a new stake in shares of Four Corners Property Trust in the fourth quarter worth $48,000. Truvestments Capital LLC purchased a new position in shares of Four Corners Property Trust during the third quarter worth $51,000. Eagle Bay Advisors LLC raised its holdings in shares of Four Corners Property Trust by 25.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider's stock worth $58,000 after purchasing an additional 425 shares during the last quarter. Finally, KBC Group NV lifted its position in Four Corners Property Trust by 50.4% during the fourth quarter. KBC Group NV now owns 3,702 shares of the financial services provider's stock valued at $100,000 after purchasing an additional 1,240 shares during the period. 98.66% of the stock is owned by institutional investors and hedge funds.

Four Corners Property Trust Stock Down 0.3 %

Four Corners Property Trust stock traded down $0.09 during trading hours on Wednesday, reaching $27.92. The stock had a trading volume of 263,659 shares, compared to its average volume of 434,611. Four Corners Property Trust has a 52 week low of $22.38 and a 52 week high of $30.93. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 26.09 and a beta of 1.14. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.17 and a quick ratio of 0.17. The business's 50 day moving average price is $27.75 and its 200-day moving average price is $28.20.

Four Corners Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.355 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.42 dividend on an annualized basis and a yield of 5.09%. This is a boost from Four Corners Property Trust's previous quarterly dividend of $0.35. Four Corners Property Trust's payout ratio is currently 132.71%.

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.