Four Corners Property Trust, Inc. (NYSE:FCPT) Given Consensus Rating of "Moderate Buy" by Brokerages

Four Corners Property Trust, Inc. (NYSE:FCPT - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $29.60.

Several brokerages have issued reports on FCPT. Wells Fargo & Company increased their price target on Four Corners Property Trust from $30.00 to $31.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. UBS Group reduced their price objective on Four Corners Property Trust from $33.00 to $30.00 and set a "buy" rating for the company in a research report on Tuesday. Barclays reduced their price objective on 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. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th.

Four Corners Property Trust Stock Up 2.1%

Shares of Four Corners Property Trust stock opened at $27.31 on Friday. Four Corners Property Trust has a 1 year low of $23.70 and a 1 year high of $30.93. The business has a 50-day moving average of $27.80 and a two-hundred day moving average of $27.97. The company has a market capitalization of $2.74 billion, a P/E ratio of 25.52 and a beta of 0.86. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. Four Corners Property Trust had a return on equity of 7.54% and a net margin of 37.48%. The company had revenue of $71.48 million during the quarter, compared to the consensus estimate of $67.17 million. During the same period in the prior year, the company earned $0.43 earnings per share. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, equities analysts predict that Four Corners Property Trust will post 1.68 EPS for the current year.

Four Corners Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.355 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.42 annualized dividend and a dividend yield of 5.20%. Four Corners Property Trust's dividend payout ratio is currently 132.71%.

Insider Activity at Four Corners Property Trust

In related news, CAO Niccole Stewart sold 9,100 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $27.28, for a total transaction of $248,248.00. Following the completion of the transaction, the chief accounting officer now directly owns 31,204 shares of the company's stock, valued at approximately $851,245.12. This represents a 22.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company's stock.

Institutional Trading of Four Corners Property Trust

A number of hedge funds have recently made changes to their positions in FCPT. Zimmer Partners LP bought a new position in shares of Four Corners Property Trust during the fourth quarter worth approximately $38,512,000. Massachusetts Financial Services Co. MA bought a new position in shares of Four Corners Property Trust during the first quarter worth approximately $33,515,000. Balyasny Asset Management L.P. bought a new position in shares of Four Corners Property Trust during the fourth quarter worth approximately $18,084,000. Nuveen LLC bought a new position in Four Corners Property Trust during the 1st quarter worth $18,291,000. Finally, Cbre Investment Management Listed Real Assets LLC increased its stake in Four Corners Property Trust by 63.1% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,342,834 shares of the financial services provider's stock worth $38,539,000 after acquiring an additional 519,633 shares during the period. 98.66% of the stock is owned by institutional investors and hedge funds.

Four Corners Property Trust Company Profile

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.

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