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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Four Corners Property Trust in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" FCPT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FCPT, but not buy additional shares or sell existing shares.
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5 analysts have issued 12 month price targets for Four Corners Property Trust's shares. Their FCPT share price forecasts range from $26.00 to $30.00. On average, they expect the company's share price to reach $28.33 in the next year. This suggests a possible upside of 7.5% from the stock's current price.
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Four Corners Property Trust's stock was trading at $25.93 at the beginning of the year. Since then, FCPT stock has increased by 1.7% and is now trading at $26.36.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our FCPT earnings forecast.

Four Corners Property Trust, Inc. (NYSE:FCPT) announced its quarterly earnings results on Monday, May, 1st. The financial services provider reported $0.27 earnings per share 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 analysts' expectations of $59.03 million. Four Corners Property Trust had a trailing twelve-month return on equity of 9.11% and a net margin of 43.12%. Four Corners Property Trust's revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 EPS.

Four Corners Property Trust declared a quarterly dividend on Monday, March 13th. Investors of record on Friday, March 31st will be given a dividend of $0.34 per share on Friday, April 14th. This represents a $1.36 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date is Thursday, March 30th.
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), Invesco KBW Premium Yield Equity REIT ETF (KBWY), ALPS REIT Dividend Dogs ETF (RDOG), Cambria Global Real Estate ETF (BLDG), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco S&P SmallCap Financials ETF (PSCF), Virtus Real Asset Income ETF (VRAI) 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 5.20%. 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 114.29%. 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 82.42% 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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (17.66%), FMR LLC (9.26%), State Street Corp (5.97%), Victory Capital Management Inc. (5.54%), American Century Companies Inc. (2.59%) and Macquarie Group Ltd. (2.27%). 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 $26.36.

Four Corners Property Trust (NYSE:FCPT) has a market capitalization of $2.29 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 $1.19 on an earnings per share basis.

The company employs 461 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.