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

Shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six research firms that are covering the stock, 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 12-month price objective among brokers that have covered the stock in the last year is $30.40.

Several research firms have recently commented on FCPT. JMP Securities restated a "market perform" rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. UBS Group began coverage on shares of Four Corners Property Trust in a research report on Thursday, November 14th. They set a "buy" rating and a $33.00 price target for the company. Finally, Barclays lowered their price target on shares of 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, February 4th.

Hedge Funds Weigh In On Four Corners Property Trust

Several large investors have recently made changes to their positions in FCPT. FMR LLC boosted its position in shares of Four Corners Property Trust by 30.6% during the 3rd quarter. FMR LLC now owns 13,930,746 shares of the financial services provider's stock valued at $408,310,000 after purchasing an additional 3,268,064 shares in the last quarter. Zimmer Partners LP purchased a new stake in Four Corners Property Trust during the fourth quarter valued at about $38,512,000. Heitman Real Estate Securities LLC purchased a new stake in Four Corners Property Trust during the third quarter valued at about $24,863,000. Balyasny Asset Management L.P. purchased a new stake in Four Corners Property Trust during the fourth quarter valued at about $18,084,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Four Corners Property Trust by 539.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 687,318 shares of the financial services provider's stock valued at $20,145,000 after buying an additional 579,849 shares in the last quarter. Institutional investors own 98.66% of the company's stock.

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Four Corners Property Trust Stock Performance

Shares of NYSE:FCPT traded up $0.39 on Friday, reaching $28.99. 757,743 shares of the company's stock were exchanged, compared to its average volume of 609,634. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 27.10 and a beta of 1.16. Four Corners Property Trust has a fifty-two week low of $22.38 and a fifty-two week high of $30.93. The business's 50-day moving average is $27.67 and its two-hundred day moving average is $28.34. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.36.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last issued its earnings results 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 net margin of 37.48% and a return on equity of 7.54%. As a group, equities research analysts forecast that Four Corners Property Trust will post 1.68 EPS for the current year.

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.