Four Corners Property Trust (NYSE:FCPT) Earns Hold (C) Rating from Weiss Ratings

Key Points

• Four Corners Property Trust (NYSE: FCPT) received a "hold (c)" rating from Weiss Ratings, reflecting a consensus stance on the stock among analysts.
• The stock's target price has varied among analysts, with Raymond James dropping their target from $31.00 to $29.00, while UBS Group increased theirs from $30.00 to $31.00.
• Recent insider trading activity included CAO Niccole Stewart selling shares, while CEO William H. Lenehan bought more, indicating contrasting insider confidence in the company's prospects.

Four Corners Property Trust (NYSE:FCPT - Get Free Report)'s stock had its "hold (c)" rating restated by equities researchers at Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

FCPT has been the topic of a number of other research reports. Raymond James Financial dropped their target price on Four Corners Property Trust from $31.00 to $29.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Wall Street Zen lowered Four Corners Property Trust from a "hold" rating to a "sell" rating in a research report on Saturday. Wells Fargo & Company reiterated an "equal weight" rating and issued a $27.00 target price (down previously from $29.00) on shares of Four Corners Property Trust in a research report on Thursday, September 11th. UBS Group upped their target price on Four Corners Property Trust from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Finally, Barclays dropped their price objective on shares of Four Corners Property Trust from $30.00 to $29.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 20th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $29.00.

Four Corners Property Trust Stock Up 0.9%

NYSE:FCPT traded up $0.22 during mid-day trading on Tuesday, reaching $24.06. The company's stock had a trading volume of 112,373 shares, compared to its average volume of 686,782. Four Corners Property Trust has a 1 year low of $23.64 and a 1 year high of $30.12. The stock has a fifty day moving average of $25.21 and a 200-day moving average of $26.53. The firm has a market capitalization of $2.51 billion, a PE ratio of 22.27 and a beta of 0.87. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.39.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. The business had revenue of $72.84 million during the quarter, compared to the consensus estimate of $70.27 million. Four Corners Property Trust had a net margin of 37.87% and a return on equity of 7.40%. The firm's revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share. Equities research analysts forecast that Four Corners Property Trust will post 1.68 earnings per share for the current year.

Insider Buying and Selling at Four Corners Property Trust

In other news, CAO Niccole Stewart sold 3,950 shares of Four Corners Property Trust stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $25.30, for a total transaction of $99,935.00. Following the transaction, the chief accounting officer owned 27,502 shares in the company, valued at $695,800.60. The trade was a 12.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William H. Lenehan purchased 7,850 shares of Four Corners Property Trust stock in a transaction dated Friday, September 12th. The shares were bought at an average price of $25.40 per share, for a total transaction of $199,390.00. Following the acquisition, the chief executive officer owned 698,426 shares in the company, valued at approximately $17,740,020.40. This trade represents a 1.14% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is owned by insiders.

Institutional Trading of Four Corners Property Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its position in shares of Four Corners Property Trust by 9.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,551 shares of the financial services provider's stock worth $274,000 after purchasing an additional 796 shares during the last quarter. KBC Group NV increased its position in shares of Four Corners Property Trust by 40.8% during the 1st quarter. KBC Group NV now owns 5,212 shares of the financial services provider's stock worth $150,000 after purchasing an additional 1,510 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Four Corners Property Trust by 23.6% during the 1st quarter. GAMMA Investing LLC now owns 6,457 shares of the financial services provider's stock worth $185,000 after purchasing an additional 1,231 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Four Corners Property Trust by 9.5% during the 1st quarter. Asset Management One Co. Ltd. now owns 275,185 shares of the financial services provider's stock worth $7,898,000 after purchasing an additional 23,884 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. acquired a new stake in shares of Four Corners Property Trust during the 1st quarter worth about $437,000. 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.

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.