Four Corners Property Trust, Inc. (NYSE:FCPT) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six ratings firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $30.20.

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

Institutional Investors Weigh In On Four Corners Property Trust

Several hedge funds have recently bought and sold shares of FCPT. EverSource Wealth Advisors LLC increased its position in Four Corners Property Trust by 234.1% during 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 increased its stake in Four Corners Property Trust by 165.7% during 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. VSM Wealth Advisory LLC purchased a new position in Four Corners Property Trust in the fourth quarter worth about $39,000. GF Fund Management CO. LTD. bought a new position in shares of Four Corners Property Trust in the fourth quarter worth approximately $46,000. Finally, Synergy Investment Management LLC bought a new stake in shares of Four Corners Property Trust during the fourth quarter valued at approximately $48,000. Institutional investors own 98.66% of the company's stock.

Four Corners Property Trust Trading Down 1.4 %

FCPT traded down $0.40 during mid-day trading on Monday, reaching $27.46. The stock had a trading volume of 70,111 shares, compared to its average volume of 614,326. The firm's fifty day simple moving average is $28.06 and its two-hundred day simple moving average is $28.11. The stock has a market capitalization of $2.75 billion, a P/E ratio of 25.66 and a beta of 0.93. Four Corners Property Trust has a 52 week low of $23.25 and a 52 week high of $30.93. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.11.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities analysts predict that Four Corners Property Trust will post 1.68 EPS for the current year.

Four Corners Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.355 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a yield of 5.17%. Four Corners Property Trust's dividend payout ratio (DPR) is 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.