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

Four Corners Property Trust, Inc. (NYSE:FCPT) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $30.20.

A number of equities research analysts have recently issued reports on the stock. Barclays dropped their target price on shares of 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. Wells Fargo & Company raised their price objective on Four Corners Property Trust from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, March 10th. Finally, JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a research note on Thursday, February 13th.

Four Corners Property Trust Trading Down 0.5 %

Four Corners Property Trust stock opened at $27.72 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a 50-day moving average of $28.06 and a 200-day moving average of $28.10. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 25.91 and a beta of 0.93. Four Corners Property Trust has a one year low of $23.25 and a one year high of $30.93.

Four Corners Property Trust (NYSE:FCPT) last issued its earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share for the quarter, topping 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, equities analysts expect that Four Corners Property Trust will post 1.68 earnings per share for the current fiscal year.

Four Corners Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.355 per share. The ex-dividend date was Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.12%. Four Corners Property Trust’s dividend payout ratio (DPR) is currently 132.71%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. boosted its position in shares of Four Corners Property Trust by 4.1% in the fourth quarter. 1620 Investment Advisors Inc. now owns 9,138 shares of the financial services provider’s stock valued at $248,000 after acquiring an additional 363 shares during the period. Arizona State Retirement System boosted its holdings in Four Corners Property Trust by 1.5% in the 4th quarter. Arizona State Retirement System now owns 26,893 shares of the financial services provider’s stock valued at $730,000 after purchasing an additional 406 shares during the period. Eagle Bay Advisors LLC grew 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 worth $58,000 after purchasing an additional 425 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Four Corners Property Trust by 5.4% during 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. Finally, Mariner LLC raised its position in shares of Four Corners Property Trust by 2.8% in the fourth quarter. Mariner LLC now owns 17,098 shares of the financial services provider’s stock valued at $464,000 after buying an additional 467 shares in the last quarter. 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.