Four Corners Property Trust, Inc. (NYSE:FCPT) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Four Corners Property Trust, Inc. (NYSE:FCPT) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $30.40.

A number of analysts recently weighed in on FCPT shares. UBS Group began coverage on Four Corners Property Trust in a report on Thursday, November 14th. They issued a “buy” rating and a $33.00 price objective for the company. JMP Securities reissued a “market perform” rating on shares of Four Corners Property Trust in a research note on Tuesday, December 10th. Finally, Barclays lowered their price objective on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in Four Corners Property Trust during the third quarter worth $51,000. Eagle Bay Advisors LLC increased its position in shares of Four Corners Property Trust by 25.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 425 shares during the last quarter. KBC Group NV raised its stake in shares of Four Corners Property Trust by 50.4% during the 4th quarter. KBC Group NV now owns 3,702 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 1,240 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Four Corners Property Trust by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,570 shares of the financial services provider’s stock worth $106,000 after buying an additional 921 shares during the last quarter. Finally, Vestcor Inc bought a new position in Four Corners Property Trust during the third quarter valued at about $109,000. 98.66% of the stock is owned by institutional investors.

Four Corners Property Trust Trading Down 0.6 %

NYSE FCPT opened at $27.67 on Wednesday. Four Corners Property Trust has a twelve month low of $22.38 and a twelve month high of $30.93. The business’s fifty day moving average is $27.85 and its 200 day moving average is $28.20. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.38. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 25.86 and a beta of 1.14.

Four Corners Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.355 dividend. The ex-dividend date was Tuesday, December 31st. This is an increase from Four Corners Property Trust’s previous quarterly dividend of $0.35. This represents a $1.42 annualized dividend and a dividend yield of 5.13%. Four Corners Property Trust’s dividend 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.