Four Corners Property Trust, Inc. (NYSE:FCPT) Given Average Recommendation of “Hold” by Analysts

Shares of Four Corners Property Trust, Inc. (NYSE:FCPT – Get Rating) have received a consensus recommendation of “Hold” from the seven analysts that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $28.00.

Separately, StockNews.com initiated coverage on shares of Four Corners Property Trust in a report on Thursday. They set a “hold” rating on the stock.

Four Corners Property Trust Price Performance

Shares of NYSE:FCPT opened at $25.70 on Friday. The company’s fifty day moving average is $26.03 and its two-hundred day moving average is $26.88. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.88. Four Corners Property Trust has a 12-month low of $22.67 and a 12-month high of $29.44. The company has a market cap of $2.24 billion, a P/E ratio of 21.60 and a beta of 0.93.

Four Corners Property Trust (NYSE:FCPT – Get Rating) last announced its earnings results on Monday, May 1st. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.12). Four Corners Property Trust had a net margin of 43.12% and a return on equity of 9.11%. The firm had revenue of $59.95 million for the quarter, compared to analyst estimates of $59.03 million. During the same period last year, the firm earned $0.41 earnings per share. Four Corners Property Trust’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities analysts expect that Four Corners Property Trust will post 1.61 earnings per share for the current fiscal year.

Four Corners Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Friday, March 31st were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date was Thursday, March 30th. Four Corners Property Trust’s dividend payout ratio is presently 114.29%.

Institutional Investors Weigh In On Four Corners Property Trust

A number of large investors have recently bought and sold shares of FCPT. Macquarie Group Ltd. boosted its holdings in Four Corners Property Trust by 2.7% during the third quarter. Macquarie Group Ltd. now owns 1,564,240 shares of the financial services provider’s stock valued at $37,866,000 after acquiring an additional 40,647 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Four Corners Property Trust by 18.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 254,409 shares of the financial services provider’s stock valued at $6,597,000 after buying an additional 40,064 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Four Corners Property Trust by 2.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 39,800 shares of the financial services provider’s stock valued at $1,032,000 after buying an additional 900 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Four Corners Property Trust by 0.9% during the fourth quarter. Principal Financial Group Inc. now owns 1,705,070 shares of the financial services provider’s stock valued at $44,212,000 after buying an additional 14,857 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Four Corners Property Trust by 9.1% during the fourth quarter. Victory Capital Management Inc. now owns 5,037,953 shares of the financial services provider’s stock valued at $130,816,000 after buying an additional 421,039 shares during the last quarter. 94.71% of the stock is currently owned by institutional investors.

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.