Four Corners Property Trust, Inc. (NYSE:FCPT) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six research firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings 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 previously 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 report on Tuesday, December 10th. Barclays began coverage on Four Corners Property Trust in a report on Tuesday, December 17th. They set an "equal weight" rating and a $31.00 target price for the company. Finally, UBS Group started coverage on Four Corners Property Trust in a research note on Thursday, November 14th. They issued a "buy" rating and a $33.00 price target on the stock.

Institutional Investors Weigh In On Four Corners Property Trust

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in shares of Four Corners Property Trust by 24.3% in the 4th quarter. GAMMA Investing LLC now owns 5,226 shares of the financial services provider's stock valued at $142,000 after purchasing an additional 1,021 shares during the period. JPMorgan Chase & Co. increased its stake in Four Corners Property Trust by 13.5% in the third quarter. JPMorgan Chase & Co. now owns 392,448 shares of the financial services provider's stock valued at $11,503,000 after purchasing an additional 46,732 shares in the last quarter. Principal Financial Group Inc. increased its stake in Four Corners Property Trust by 6.1% in the third quarter. Principal Financial Group Inc. now owns 1,774,103 shares of the financial services provider's stock valued at $51,996,000 after purchasing an additional 102,662 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in Four Corners Property Trust by 44.9% in the third quarter. Sanctuary Advisors LLC now owns 27,967 shares of the financial services provider's stock worth $818,000 after purchasing an additional 8,666 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Four Corners Property Trust by 1.2% during the third quarter. Geode Capital Management LLC now owns 2,357,175 shares of the financial services provider's stock worth $69,101,000 after purchasing an additional 27,552 shares in the last quarter. Institutional investors and hedge funds own 98.66% of the company's stock.

Four Corners Property Trust Stock Performance

Shares of FCPT traded down $0.61 during trading hours on Friday, reaching $26.28. 653,937 shares of the company's stock traded hands, compared to its average volume of 546,789. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 24.56 and a beta of 1.13. The business's fifty day simple moving average is $28.14 and its two-hundred day simple moving average is $27.92. Four Corners Property Trust has a twelve month low of $22.38 and a twelve month high of $30.93. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.17 and a quick ratio of 0.17.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.14). The company had revenue of $66.79 million for the quarter, compared to analyst estimates of $63.50 million. Four Corners Property Trust had a net margin of 37.27% and a return on equity of 7.68%. Four Corners Property Trust's revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 EPS. 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 company also recently declared 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 5.40%. This is a positive change from Four Corners Property Trust's previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Tuesday, December 31st. Four Corners Property Trust's payout ratio is currently 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.