Four Corners Property Trust, Inc. (NYSE:FCPT) Receives $30.20 Consensus PT from Analysts

Four Corners Property Trust, Inc. (NYSE:FCPT) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $30.20.

A number of analysts have recently weighed in on the company. Wells Fargo & Company raised their price objective on Four Corners Property Trust from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. JMP Securities reissued a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Finally, Barclays decreased their price objective 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

A number of institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its position in shares of Four Corners Property Trust by 234.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 817 shares during the period. Smartleaf Asset Management LLC lifted its stake in Four Corners Property Trust by 165.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 860 shares in the last quarter. VSM Wealth Advisory LLC acquired a new position in shares of Four Corners Property Trust during the 4th quarter worth approximately $39,000. GF Fund Management CO. LTD. acquired a new position in shares of Four Corners Property Trust during the 4th quarter worth approximately $46,000. Finally, Synergy Investment Management LLC purchased a new stake in shares of Four Corners Property Trust in the fourth quarter valued at approximately $48,000. Hedge funds and other institutional investors own 98.66% of the company’s stock.

Four Corners Property Trust Trading Up 0.2 %

FCPT opened at $28.52 on Thursday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 26.65 and a beta of 1.16. Four Corners Property Trust has a 12 month low of $22.38 and a 12 month high of $30.93. The stock has a fifty day moving average price of $28.11 and a 200-day moving average price of $28.37.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate 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 anticipate that Four Corners Property Trust will post 1.68 earnings per share for the current fiscal year.

Four Corners Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 4.98%. The ex-dividend date of this dividend is Monday, March 31st. Four Corners Property Trust’s payout ratio 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.