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

Four Corners Property Trust, Inc. (NYSE:FCPT - Get Free Report) has received an average recommendation of "Moderate Buy" from the six research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $30.20.

Several brokerages recently commented on FCPT. Wells Fargo & Company raised their price objective on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. JMP Securities reaffirmed a "market perform" rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Finally, Barclays decreased their price target on Four Corners Property Trust from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 4th.

Four Corners Property Trust Stock Performance

NYSE FCPT traded up $0.05 on Thursday, hitting $28.52. 420,284 shares of the company's stock were exchanged, compared to its average volume of 583,416. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 26.65 and a beta of 1.16. The firm's 50-day moving average price is $28.11 and its two-hundred day moving average price is $28.37. Four Corners Property Trust has a fifty-two week low of $22.38 and a fifty-two week high of $30.93. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11.

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Four Corners Property Trust (NYSE:FCPT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.16. Four Corners Property Trust had a return on equity of 7.54% and a net margin of 37.48%. On average, research analysts expect that Four Corners Property Trust will post 1.68 EPS for the current year.

Four Corners Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Monday, March 31st. Four Corners Property Trust's payout ratio is currently 132.71%.

Institutional Trading of Four Corners Property Trust

Several large investors have recently modified their holdings of FCPT. EverSource Wealth Advisors LLC lifted its stake in Four Corners Property Trust by 234.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider's stock valued at $32,000 after buying an additional 817 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of 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 worth $38,000 after acquiring an additional 860 shares during the last quarter. VSM Wealth Advisory LLC purchased a new stake in shares of Four Corners Property Trust in the fourth quarter valued at $39,000. GF Fund Management CO. LTD. purchased a new stake in shares of Four Corners Property Trust in the fourth quarter valued at $46,000. Finally, Synergy Investment Management LLC acquired a new stake in shares of Four Corners Property Trust during the fourth quarter valued at $48,000. 98.66% of the stock is currently owned by institutional investors and hedge funds.

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.