Four Corners Property Trust, Inc. (NYSE:FCPT) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analyst sentiment is moderately bullish: Five analysts rate Four Corners Property Trust a “buy” and five rate it a “hold,” producing a consensus “Moderate Buy” recommendation. The average one-year price target is $27.90, above the recent share price of $22.52.
• FCPT reported quarterly EPS of $0.45, exceeding the $0.29 consensus estimate, while revenue reached $78.42 million and increased 7.7% year over year.
• The company declared a monthly dividend of $0.1265 per share, representing a 6.7% yield, although its payout ratio is high at 132.43%. Institutional investors own approximately 98.66% of the stock.

Shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Get Free Report) have received an average rating of "Moderate Buy" from the ten brokerages that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $27.90.

A number of equities research analysts recently issued reports on FCPT shares. Wells Fargo & Company upped their target price on Four Corners Property Trust from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Monday, June 1st. Jefferies Financial Group set a $28.00 price objective on shares of Four Corners Property Trust in a research report on Tuesday, August 25th. Huntington assumed coverage on Four Corners Property Trust in a report on Wednesday, July 15th. They issued an "outperform" rating and a $27.00 price target for the company. Weiss Ratings lowered Four Corners Property Trust from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Finally, Citizens Jmp reaffirmed a "market outperform" rating and issued a $28.00 price objective on shares of Four Corners Property Trust in a research report on Tuesday, August 25th.

Four Corners Property Trust Price Performance

NYSE FCPT traded down $0.17 during trading hours on Friday, reaching $22.52. The company's stock had a trading volume of 169,329 shares, compared to its average volume of 812,843. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.14 and a current ratio of 0.14. The company's 50-day moving average is $25.13 and its two-hundred day moving average is $24.98. Four Corners Property Trust has a fifty-two week low of $22.40 and a fifty-two week high of $26.86. The stock has a market cap of $2.47 billion, a PE ratio of 20.27 and a beta of 0.79.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.16. The company had revenue of $78.42 million during the quarter, compared to analysts' expectations of $79.02 million. Four Corners Property Trust had a net margin of 38.70% and a return on equity of 7.35%. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 earnings per share. Analysts forecast that Four Corners Property Trust will post 1.76 EPS for the current year.

Four Corners Property Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be issued a $0.1265 dividend. The ex-dividend date is Thursday, December 31st. This represents a c) annualized dividend and a yield of 6.7%. Four Corners Property Trust's payout ratio is 132.43%.

Institutional Investors Weigh In On Four Corners Property Trust

Institutional investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC purchased a new stake in shares of Four Corners Property Trust during the 2nd quarter valued at $249,000. Integrated Wealth Concepts LLC purchased a new position in shares of Four Corners Property Trust in the 2nd quarter worth $45,000. IFP Advisors Inc boosted its holdings in Four Corners Property Trust by 105.8% in the second quarter. IFP Advisors Inc now owns 1,134 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 583 shares during the last quarter. Allworth Financial LP grew its position in Four Corners Property Trust by 42.8% during the second quarter. Allworth Financial LP now owns 2,765 shares of the financial services provider's stock valued at $68,000 after acquiring an additional 829 shares during the period. Finally, Arizona State Retirement System grew its position in Four Corners Property Trust by 3.9% during the second quarter. Arizona State Retirement System now owns 30,282 shares of the financial services provider's stock valued at $743,000 after acquiring an additional 1,144 shares during the period. 98.66% of the stock is currently owned by hedge funds and other institutional investors.

About Four Corners Property Trust

Four Corners Property Trust, Inc NYSE: FCPT is a self-administered and self-managed real estate investment trust that owns and leases properties primarily used by restaurant and other service-oriented businesses. The company generally leases its properties under long-term, net lease arrangements, under which tenants are typically responsible for property taxes, insurance and maintenance expenses.

FCPT's portfolio is concentrated in restaurant properties and also includes select medical, automotive and other retail or service-related real estate.

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