Four Corners Property Trust, Inc. (NYSE:FCPT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Four Corners Property Trust, Inc. (NYSE:FCPT) have earned an average rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat reports. Three 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 brokers that have issued ratings on the stock in the last year is $30.20.

A number of equities research analysts have issued reports on FCPT shares. JMP Securities reissued a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Barclays reduced their price target on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Finally, Wells Fargo & Company increased their price objective on Four Corners Property Trust from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Monday, March 10th.

Four Corners Property Trust Stock Up 1.0 %

Shares of NYSE:FCPT opened at $28.65 on Thursday. Four Corners Property Trust has a 12-month low of $22.38 and a 12-month high of $30.93. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36. The stock’s 50-day moving average price is $28.08 and its 200-day moving average price is $28.39. The stock has a market capitalization of $2.86 billion, a P/E ratio of 26.77 and a beta of 1.16.

Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.16. Four Corners Property Trust had a return on equity of 7.54% and a net margin of 37.48%. On average, equities analysts anticipate that Four Corners Property Trust will post 1.68 earnings per share for the current year.

Four Corners Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.355 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.42 annualized dividend and a yield of 4.96%. Four Corners Property Trust’s payout ratio is 132.71%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its stake in Four Corners Property Trust by 5.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,755 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 450 shares during the period. GF Fund Management CO. LTD. bought a new position in shares of Four Corners Property Trust in the 4th quarter worth about $46,000. Public Employees Retirement System of Ohio lifted its position in Four Corners Property Trust by 1.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 260,842 shares of the financial services provider’s stock valued at $7,079,000 after acquiring an additional 4,697 shares during the period. Palisades Investment Partners LLC lifted its position in Four Corners Property Trust by 8.3% during the 4th quarter. Palisades Investment Partners LLC now owns 31,303 shares of the financial services provider’s stock valued at $850,000 after acquiring an additional 2,407 shares during the period. Finally, PharVision Advisers LLC bought a new stake in Four Corners Property Trust during the fourth quarter worth about $201,000. Institutional investors own 98.66% of the company’s stock.

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.