Four Corners Property Trust's (FCPT) "Market Perform" Rating Reiterated at JMP Securities

Four Corners Property Trust (NYSE:FCPT - Get Free Report)'s stock had its "market perform" rating reissued by investment analysts at JMP Securities in a note issued to investors on Thursday,Benzinga reports.

A number of other research analysts have also recently issued reports on the company. UBS Group assumed coverage on Four Corners Property Trust in a research note on Thursday, November 14th. They set a "buy" rating and a $33.00 price objective for the company. Barclays decreased their price target on 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $30.40.

Four Corners Property Trust Stock Down 2.2 %

NYSE:FCPT traded down $0.62 during trading hours on Thursday, reaching $27.79. 492,654 shares of the company traded hands, compared to its average volume of 434,611. The business's 50-day moving average price is $27.64 and its two-hundred day moving average price is $28.24. The stock has a market capitalization of $2.69 billion, a P/E ratio of 25.97 and a beta of 1.14. Four Corners Property Trust has a 1 year low of $22.38 and a 1 year high of $30.93. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.16. Four Corners Property Trust had a return on equity of 7.68% and a net margin of 37.27%. Analysts predict that Four Corners Property Trust will post 1.62 earnings per share for the current year.

Institutional Trading of Four Corners Property Trust

A number of hedge funds have recently bought and sold shares of FCPT. FMR LLC increased its position in Four Corners Property Trust by 30.6% during the third quarter. FMR LLC now owns 13,930,746 shares of the financial services provider's stock valued at $408,310,000 after acquiring an additional 3,268,064 shares during the last quarter. Heitman Real Estate Securities LLC purchased a new stake in Four Corners Property Trust during the third quarter valued at $24,863,000. Balyasny Asset Management L.P. purchased a new stake in Four Corners Property Trust during the fourth quarter valued at $18,084,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position 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 acquiring an additional 579,849 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Four Corners Property Trust during the fourth quarter valued at $12,845,000. Hedge funds and other 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.