Barclays Has Lowered Expectations for Four Corners Property Trust (NYSE:FCPT) Stock Price

Four Corners Property Trust (NYSE:FCPT) had its target price decreased by analysts at Barclays from $31.00 to $30.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price objective points to a potential upside of 7.18% from the company’s previous close.

Several other analysts also recently issued reports on FCPT. JMP Securities restated a “market perform” rating on shares of Four Corners Property Trust in a report on Tuesday, December 10th. UBS Group assumed coverage on shares of Four Corners Property Trust in a research report on Thursday, November 14th. They issued a “buy” rating and a $33.00 price target for the company. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.40.

Four Corners Property Trust Stock Performance

Shares of NYSE FCPT opened at $27.99 on Tuesday. The stock’s fifty day simple moving average is $27.82 and its 200 day simple moving average is $28.20. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 26.16 and a beta of 1.14. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.38. Four Corners Property Trust has a 52-week low of $22.38 and a 52-week high of $30.93.

Hedge Funds Weigh In On Four Corners Property Trust

Several institutional investors and hedge funds have recently modified their holdings of FCPT. Eagle Bay Advisors LLC boosted its position in Four Corners Property Trust by 25.0% during the fourth 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. Oppenheimer Asset Management Inc. lifted its holdings in shares of Four Corners Property Trust by 1.0% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 45,170 shares of the financial services provider’s stock valued at $1,226,000 after buying an additional 469 shares during the last quarter. Verdence Capital Advisors LLC grew its stake in shares of Four Corners Property Trust by 4.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 12,298 shares of the financial services provider’s stock valued at $360,000 after buying an additional 527 shares in the last quarter. Yousif Capital Management LLC increased its holdings in Four Corners Property Trust by 1.7% in the fourth quarter. Yousif Capital Management LLC now owns 36,611 shares of the financial services provider’s stock worth $994,000 after buying an additional 600 shares during the last quarter. Finally, MML Investors Services LLC raised its position in Four Corners Property Trust by 5.6% during the third quarter. MML Investors Services LLC now owns 11,881 shares of the financial services provider’s stock valued at $348,000 after acquiring an additional 635 shares in the last quarter. 98.66% of the stock is currently owned by hedge funds and other institutional investors.

About Four Corners Property Trust

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.