Four Corners Property Trust (FCPT) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Four Corners Property Trust in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" FCPT shares.
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3 Wall Street research analysts have issued 12-month price targets for Four Corners Property Trust's shares. Their FCPT share price forecasts range from $27.00 to $29.00. On average, they anticipate the company's stock price to reach $28.00 in the next year. This suggests a possible upside of 27.3% from the stock's current price.
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Four Corners Property Trust's stock was trading at $25.93 at the start of the year. Since then, FCPT stock has decreased by 15.2% and is now trading at $22.00.
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Four Corners Property Trust saw a increase in short interest during the month of August. As of August 15th, there was short interest totaling 2,720,000 shares, an increase of 11.9% from the July 31st total of 2,430,000 shares. Based on an average trading volume of 557,400 shares, the days-to-cover ratio is currently 4.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our FCPT earnings forecast.

Four Corners Property Trust, Inc. (NYSE:FCPT) released its quarterly earnings data on Monday, May, 1st. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by $0.12. The financial services provider earned $59.95 million during the quarter, compared to analyst estimates of $59.03 million. Four Corners Property Trust had a net margin of 40.23% and a trailing twelve-month return on equity of 8.19%. The company's quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.41 earnings per share.

Four Corners Property Trust declared a quarterly dividend on Monday, September 18th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.34 per share on Friday, October 13th. This represents a $1.36 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date is Thursday, September 28th.
Read our dividend analysis for FCPT.

ETFs with the largest weight of Four Corners Property Trust (NYSE:FCPT) stock in their portfolio include NETLease Corporate Real Estate ETF (NETL), ALPS REIT Dividend Dogs ETF (RDOG), Invesco KBW Premium Yield Equity REIT ETF (KBWY), Cambria Global Real Estate ETF (BLDG), Virtus Real Asset Income ETF (VRAI), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco S&P SmallCap Financials ETF (PSCF) and Invesco Active U.S. Real Estate ETF (PSR).

Four Corners Property Trust (NYSE:FCPT) pays an annual dividend of $1.36 per share and currently has a dividend yield of 6.03%. FCPT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 122.52%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, FCPT will have a dividend payout ratio of 81.93% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for FCPT.

Based on aggregate information from My MarketBeat watchlists, some companies that other Four Corners Property Trust investors own include Darden Restaurants (DRI), Boeing (BA), Keryx Biopharmaceuticals (KERX), AT&T (T), Johnson & Johnson (JNJ), Verizon Communications (VZ), Bristol-Myers Squibb (BMY), Main Street Capital (MAIN), NVIDIA (NVDA) and Exxon Mobil (XOM).

Four Corners Property Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "FCPT."

Four Corners Property Trust's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (17.59%), State Street Corp (5.93%), Victory Capital Management Inc. (5.63%), Westwood Holdings Group Inc. (2.56%), Geode Capital Management LLC (2.10%) and Principal Financial Group Inc. (2.00%). Insiders that own company stock include Douglas B Hansen, John S Moody, Niccole Stewart and William H Lenehan.
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Shares of FCPT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FCPT stock can currently be purchased for approximately $22.00.

Four Corners Property Trust (NYSE:FCPT) has a market capitalization of $1.99 billion and generates $223.19 million in revenue each year. The financial services provider earns $97.77 million in net income (profit) each year or $1.11 on an earnings per share basis.

The company employs 543 workers across the globe.

Four Corners Property Trust's mailing address is 591 REDWOOD HIGHWAY SUITE 3215, MILL VALLEY CA, 94941. The official website for the company is www.fcpt.com. The financial services provider can be reached via phone at (415) 965-8030.