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

Shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six brokerages that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $29.40.

Several equities analysts have recently weighed in on FCPT shares. JMP Securities restated a "market perform" rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. UBS Group dropped their price objective on Four Corners Property Trust from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company lowered their target price on shares of Four Corners Property Trust from $31.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday, June 2nd.

Insiders Place Their Bets

In other Four Corners Property Trust news, Director John S. Moody sold 7,667 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $27.42, for a total transaction of $210,229.14. Following the completion of the sale, the director now directly owns 53,821 shares in the company, valued at $1,475,771.82. This trade represents a 12.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Niccole Stewart sold 9,100 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $27.28, for a total value of $248,248.00. Following the completion of the transaction, the chief accounting officer now directly owns 31,204 shares in the company, valued at $851,245.12. The trade was a 22.58% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Four Corners Property Trust by 234.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider's stock worth $32,000 after buying an additional 817 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings 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 valued at $38,000 after purchasing an additional 860 shares during the period. Costello Asset Management INC acquired a new position in shares of Four Corners Property Trust during the 1st quarter worth approximately $40,000. VSM Wealth Advisory LLC acquired a new position in shares of Four Corners Property Trust during the 4th quarter worth approximately $39,000. Finally, GF Fund Management CO. LTD. bought a new position in shares of Four Corners Property Trust during the fourth quarter worth approximately $46,000. 98.66% of the stock is owned by institutional investors and hedge funds.

Four Corners Property Trust Stock Down 1.1%

Shares of FCPT traded down $0.31 during mid-day trading on Tuesday, hitting $27.37. 448,929 shares of the company's stock were exchanged, compared to its average volume of 639,763. 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 has a 52 week low of $24.11 and a 52 week high of $30.93. The company has a market cap of $2.75 billion, a PE ratio of 25.58 and a beta of 0.86. The company has a 50-day simple moving average of $27.49 and a 200 day simple moving average of $27.85.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. Four Corners Property Trust had a net margin of 37.48% and a return on equity of 7.54%. The business had revenue of $71.48 million during the quarter, compared to analysts' expectations of $67.17 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The firm's revenue was up 7.5% on a year-over-year basis. On average, research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.355 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.19%. Four Corners Property Trust's payout ratio is 132.71%.

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.