Four Corners Property Trust (NYSE:FCPT) Sees Strong Trading Volume - Should You Buy?

Shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Get Free Report) saw an uptick in trading volume on Monday . 717,226 shares were traded during mid-day trading, an increase of 46% from the previous session's volume of 490,761 shares.The stock last traded at $28.30 and had previously closed at $27.97.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. JMP Securities reaffirmed a "market perform" rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. UBS Group started coverage on shares of Four Corners Property Trust in a research note on Thursday, November 14th. They set a "buy" rating and a $33.00 target price on the stock. Finally, Barclays reduced 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 note on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Four Corners Property Trust presently has an average rating of "Moderate Buy" and an average price target of $30.40.

Four Corners Property Trust Stock Performance

The firm's 50 day simple moving average is $27.55 and its 200 day simple moving average is $28.29. The firm has a market cap of $2.86 billion, a PE ratio of 26.69 and a beta of 1.14. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36.

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Four Corners Property Trust (NYSE:FCPT - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share 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, research analysts forecast that Four Corners Property Trust, Inc. will post 1.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Creative Planning grew its position in shares of Four Corners Property Trust by 13.3% during the 3rd quarter. Creative Planning now owns 28,159 shares of the financial services provider's stock worth $825,000 after buying an additional 3,315 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Four Corners Property Trust by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,570 shares of the financial services provider's stock valued at $106,000 after buying an additional 921 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Four Corners Property Trust in the 3rd quarter valued at about $243,000. abrdn plc lifted its position in Four Corners Property Trust by 10.5% during the third quarter. abrdn plc now owns 18,139 shares of the financial services provider's stock valued at $532,000 after acquiring an additional 1,731 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in Four Corners Property Trust by 12.3% in the third quarter. Van ECK Associates Corp now owns 15,767 shares of the financial services provider's stock valued at $462,000 after acquiring an additional 1,730 shares in the last quarter. Institutional investors own 98.66% of the company's stock.

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.