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

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

A number of brokerages have issued reports on FCPT. Barclays decreased their price target on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. JMP Securities restated a “market perform” rating on shares of Four Corners Property Trust in a research note on Thursday, February 13th. Finally, UBS Group assumed coverage on Four Corners Property Trust in a research note on Thursday, November 14th. They issued a “buy” rating and a $33.00 price objective for the company.

Institutional Investors Weigh In On Four Corners Property Trust

A number of large investors have recently added to or reduced their stakes in FCPT. FMR LLC boosted its stake in shares of Four Corners Property Trust by 30.6% during the 3rd quarter. FMR LLC now owns 13,930,746 shares of the financial services provider’s stock worth $408,310,000 after purchasing an additional 3,268,064 shares during the last quarter. Zimmer Partners LP acquired a new stake in Four Corners Property Trust during the fourth quarter worth approximately $38,512,000. Heitman Real Estate Securities LLC purchased a new stake in Four Corners Property Trust in the 3rd quarter worth approximately $24,863,000. Balyasny Asset Management L.P. acquired a new position in Four Corners Property Trust in the 4th quarter valued at $18,084,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Four Corners Property Trust by 539.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 687,318 shares of the financial services provider’s stock worth $20,145,000 after purchasing an additional 579,849 shares during the period. 98.66% of the stock is owned by institutional investors and hedge funds.

Four Corners Property Trust Stock Down 0.5 %

Shares of Four Corners Property Trust stock opened at $28.83 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.36. The company has a market cap of $2.88 billion, a P/E ratio of 26.94 and a beta of 1.16. The firm’s 50 day moving average price is $27.70 and its 200-day moving average price is $28.35. Four Corners Property Trust has a 52-week low of $22.38 and a 52-week high of $30.93.

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

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.