Four Corners Property Trust (NYSE:FCPT) Earns Buy Rating from Analysts at UBS Group

Stock analysts at UBS Group started coverage on shares of Four Corners Property Trust (NYSE:FCPT - Get Free Report) in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The firm set a "buy" rating and a $33.00 price target on the financial services provider's stock. UBS Group's price target would indicate a potential upside of 18.28% from the stock's current price.

Several other research firms have also recently commented on FCPT. Evercore ISI raised their price target on shares of Four Corners Property Trust from $26.00 to $28.00 and gave the stock an "in-line" rating in a report on Wednesday, August 28th. Wells Fargo & Company restated an "overweight" rating and set a $32.00 price target (up from $28.00) on shares of Four Corners Property Trust in a report on Tuesday, October 1st. JMP Securities reiterated a "market perform" rating on shares of Four Corners Property Trust in a report on Wednesday, August 28th. Finally, Raymond James boosted their target price on Four Corners Property Trust from $27.00 to $29.00 and gave the company an "outperform" rating in a research note on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $30.50.

Four Corners Property Trust Price Performance

Four Corners Property Trust stock remained flat at $27.90 during midday trading on Thursday. 1,090,857 shares of the company were exchanged, compared to its average volume of 513,123. Four Corners Property Trust has a 1 year low of $22.38 and a 1 year high of $30.93. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 0.17. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 26.07 and a beta of 1.11. The firm has a fifty day moving average of $28.95 and a two-hundred day moving average of $26.80.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.14). The business had revenue of $66.79 million for the quarter, compared to analysts' expectations of $63.50 million. Four Corners Property Trust had a net margin of 37.27% and a return on equity of 7.68%. The business's quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 EPS. As a group, sell-side analysts predict that Four Corners Property Trust will post 1.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Truvestments Capital LLC bought a new position in Four Corners Property Trust in the 3rd quarter worth $51,000. Covestor Ltd raised its stake in Four Corners Property Trust by 23.2% during the 1st quarter. Covestor Ltd now owns 2,493 shares of the financial services provider's stock valued at $61,000 after purchasing an additional 470 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Four Corners Property Trust by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,570 shares of the financial services provider's stock valued at $106,000 after purchasing an additional 921 shares during the last quarter. Blue Trust Inc. boosted its holdings in Four Corners Property Trust by 1,469.1% in the 2nd quarter. Blue Trust Inc. now owns 3,703 shares of the financial services provider's stock valued at $91,000 after purchasing an additional 3,467 shares during the period. Finally, GAMMA Investing LLC grew its position in Four Corners Property Trust by 24.0% in the 3rd quarter. GAMMA Investing LLC now owns 4,205 shares of the financial services provider's stock worth $123,000 after purchasing an additional 814 shares during the last quarter. Institutional investors and hedge funds own 98.66% of the company's stock.

Four Corners Property Trust Company Profile

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.