Brokerages Set Four Corners Property Trust Inc (FCPT) Target Price at $30.25

Shares of Four Corners Property Trust Inc (NYSE:FCPT) have received a consensus rating of “Hold” from the seven analysts that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $30.25.

Several analysts have issued reports on the company. Zacks Investment Research upgraded Four Corners Property Trust from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a report on Friday, February 15th. Boenning Scattergood restated a “buy” rating and issued a $30.00 target price on shares of Four Corners Property Trust in a report on Wednesday, April 24th. Berenberg Bank assumed coverage on Four Corners Property Trust in a report on Tuesday, April 23rd. They issued a “hold” rating and a $36.00 target price for the company. Finally, Barclays assumed coverage on Four Corners Property Trust in a report on Wednesday, May 15th. They issued an “equal weight” rating and a $29.00 target price for the company.

NYSE FCPT traded up $0.14 during mid-day trading on Friday, hitting $29.09. The stock had a trading volume of 99 shares, compared to its average volume of 343,870. Four Corners Property Trust has a twelve month low of $21.95 and a twelve month high of $29.85. The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.78 and a current ratio of 5.78. The company has a market cap of $1.99 billion, a P/E ratio of 20.61 and a beta of 0.29.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.10). The firm had revenue of $39.60 million during the quarter, compared to analyst estimates of $39.84 million. Four Corners Property Trust had a net margin of 56.35% and a return on equity of 12.63%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 earnings per share. As a group, sell-side analysts predict that Four Corners Property Trust will post 1.44 EPS for the current fiscal year.

In other news, General Counsel James L. Brat sold 6,000 shares of the stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $27.41, for a total transaction of $164,460.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gerald R. Morgan sold 3,000 shares of the stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $27.41, for a total value of $82,230.00. The disclosure for this sale can be found here. 0.71% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FCPT. Royal London Asset Management Ltd. purchased a new position in Four Corners Property Trust during the 1st quarter valued at about $26,000. NumerixS Investment Technologies Inc boosted its holdings in Four Corners Property Trust by 50.0% during the 4th quarter. NumerixS Investment Technologies Inc now owns 1,200 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 400 shares during the period. Lindbrook Capital LLC purchased a new position in Four Corners Property Trust during the 4th quarter valued at about $32,000. Marshall Wace North America L.P. boosted its holdings in Four Corners Property Trust by 37.8% during the 1st quarter. Marshall Wace North America L.P. now owns 2,328 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 638 shares during the period. Finally, Osborn Williams & Donohoe LLC purchased a new position in Four Corners Property Trust during the 1st quarter valued at about $101,000. Institutional investors and hedge funds own 91.93% of the company’s stock.

Four Corners Property Trust Company Profile

FCPT is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio primarily by acquiring additional real estate to lease, on a net basis, for use in the restaurant and food industry.

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