Four Corners Property Trust Stock Price, News & Analysis (NYSE:FCPT)

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Four Corners Property Trust in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" FCPT shares.
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2 equities research analysts have issued 1 year target prices for Four Corners Property Trust's stock. Their FCPT share price targets range from $26.00 to $29.00. On average, they expect the company's stock price to reach $27.67 in the next year. This suggests a possible upside of 16.3% from the stock's current price.
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Four Corners Property Trust's stock was trading at $25.93 on January 1st, 2023. Since then, FCPT stock has decreased by 8.3% and is now trading at $23.78.
View the best growth stocks for 2023 here.

Four Corners Property Trust saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 1,930,000 shares, a decrease of 14.2% from the October 31st total of 2,250,000 shares. Based on an average trading volume of 552,900 shares, the days-to-cover ratio is currently 3.5 days.
View Four Corners Property Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024.
View our FCPT earnings forecast.

Four Corners Property Trust, Inc. (NYSE:FCPT) issued its quarterly earnings data on Monday, May, 1st. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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 trailing twelve-month return on equity of 7.85% and a net margin of 38.62%. The firm's revenue was up 10.2% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share.

Four Corners Property Trust announced a quarterly dividend on Friday, November 10th. Shareholders of record on Friday, December 29th will be given a dividend of $0.345 per share on Friday, January 12th. This represents a $1.38 dividend on an annualized basis and a yield of 5.80%. The ex-dividend date of this dividend is Thursday, December 28th. This is an increase from the stock's previous quarterly dividend of $0.34.
Read our dividend analysis for FCPT.

Four Corners Property Trust (NYSE:FCPT) pays an annual dividend of $1.38 per share and currently has a dividend yield of 5.92%. 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 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 127.78%. 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 83.13% in the coming year. This indicates that the company may not be able to sustain their current dividend.
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).

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's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (10.86%), Victory Capital Management Inc. (5.27%), American Century Companies Inc. (2.71%), Invesco Ltd. (2.49%), Principal Financial Group Inc. (1.97%) and Charles Schwab Investment Management Inc. (1.42%). 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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