StockNews.com Downgrades Four Corners Property Trust (NYSE:FCPT) to Sell

Four Corners Property Trust (NYSE:FCPT – Get Rating) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

Other equities analysts have also recently issued reports about the company. Raymond James increased their price target on Four Corners Property Trust from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, January 9th. Evercore ISI cut Four Corners Property Trust from an “outperform” rating to an “inline” rating and set a $28.00 price target for the company. in a report on Monday, November 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $28.33.

Four Corners Property Trust Stock Performance

NYSE FCPT opened at $26.90 on Wednesday. The stock has a market cap of $2.32 billion, a PE ratio of 22.42 and a beta of 0.92. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 0.87. Four Corners Property Trust has a twelve month low of $22.67 and a twelve month high of $30.13. The stock has a fifty day simple moving average of $27.93 and a 200-day simple moving average of $26.62.

Institutional Investors Weigh In On Four Corners Property Trust

Hedge funds have recently bought and sold shares of the stock. Macquarie Group Ltd. raised its position in Four Corners Property Trust by 2.7% in the 3rd quarter. Macquarie Group Ltd. now owns 1,564,240 shares of the financial services provider’s stock valued at $37,866,000 after purchasing an additional 40,647 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in Four Corners Property Trust by 10.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 79,930 shares of the financial services provider’s stock valued at $1,934,000 after purchasing an additional 7,290 shares in the last quarter. Chartwell Investment Partners LLC acquired a new stake in Four Corners Property Trust in the 3rd quarter valued at about $6,150,000. Centersquare Investment Management LLC raised its position in shares of Four Corners Property Trust by 71.3% during the 3rd quarter. Centersquare Investment Management LLC now owns 1,645,217 shares of the financial services provider’s stock worth $39,798,000 after acquiring an additional 684,835 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new stake in shares of Four Corners Property Trust during the 2nd quarter worth about $115,000. Institutional investors and hedge funds own 94.71% of the company’s stock.

About Four Corners Property Trust

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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.