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 earned a consensus rating of "Moderate Buy" from the six research firms that are covering the stock, 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 1 year price target among brokerages that have covered the stock in the last year is $29.40.

FCPT has been the topic of a number of research reports. Wells Fargo & Company dropped their price objective on Four Corners Property Trust from $31.00 to $30.00 and set an "overweight" rating on the stock in a research note on Monday, June 2nd. 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.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Four Corners Property Trust by 3.7% during the first quarter. Vanguard Group Inc. now owns 11,275,334 shares of the financial services provider's stock valued at $323,602,000 after buying an additional 400,396 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Four Corners Property Trust by 2.9% during the fourth quarter. Invesco Ltd. now owns 3,072,755 shares of the financial services provider's stock valued at $83,395,000 after buying an additional 85,476 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Four Corners Property Trust by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 2,455,295 shares of the financial services provider's stock valued at $66,651,000 after buying an additional 98,120 shares in the last quarter. Capital International Investors grew its holdings in shares of Four Corners Property Trust by 25.4% during the fourth quarter. Capital International Investors now owns 2,267,422 shares of the financial services provider's stock valued at $61,538,000 after buying an additional 459,542 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Four Corners Property Trust by 1.2% during the first quarter. Principal Financial Group Inc. now owns 1,843,627 shares of the financial services provider's stock valued at $52,912,000 after buying an additional 21,205 shares in the last quarter. Hedge funds and other institutional investors own 98.66% of the company's stock.

Four Corners Property Trust Stock Up 0.3%

FCPT opened at $27.18 on Friday. Four Corners Property Trust has a one year low of $24.42 and a one year high of $30.93. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.14 and a current ratio of 0.14. The stock's fifty day moving average is $27.42 and its 200-day moving average is $27.65. The company has a market capitalization of $2.73 billion, a PE ratio of 25.40 and a beta of 0.84.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. Four Corners Property Trust had a return on equity of 7.46% and a net margin of 37.57%. The company had revenue of $71.48 million for the quarter, compared to the consensus estimate of $67.17 million. During the same quarter in the previous year, the business earned $0.43 EPS. The company's quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities analysts predict that Four Corners Property Trust will post 1.68 EPS for the current fiscal year.

Four Corners Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date of this dividend is Monday, June 30th. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.