Four Corners Property Trust, Inc. (NYSE:FCPT) receives a consensus price target of $27.00 from the brokerage

Shares of Four Corners Property Trust, Inc. (NYSE:FCPT – Get Your Free Report ) has earned a consensus rating of “Moderate Buy” from the four analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $27.00.

Several equities research analysts recently weighed in on FCPT shares. Evercore ISI boosted their price target on Four Corners Property Trust from $26.00 to $28.00 and gave the company an “in-line” rating in a report on Wednesday. Raymond James boosted their price objective on Four Corners Property Trust from $27.00 to $29.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Wells Fargo & Company upgraded Four Corners Property Trust to a “strong-buy” rating in a research note on Monday, August 12th. Finally, JMP Securities restated a “market perform” rating on shares of Four Corners Property Trust in a research note on Wednesday.

Check out our latest analysis of FCPT

Insiders place their bets

In other Four Corners Property Trust news, CEO William H. Lenehan purchased 6,230 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were purchased at an average price of $24.05 per share, with a total value of $149,831.50. Following the completion of the acquisition, the chief executive officer now owns 620,394 shares in the company, valued at approximately $14,920,475.70. The acquisition was disclosed in a filing with the SEC, which is accessible via this hyperlink. In related news, Director John S. Moody sold 7,230 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $24.56, for a total value of $177,568.80. Following the completion of the sale, the director now owns 61,108 shares in the company, valued at $1,500,812.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. Also, CEO William H. Lenehan bought 6,230 shares of the stock in a transaction on Monday, June 10th. The stock was bought at an average price of $24.05 per share, with a total value of $149,831.50. Following the purchase, the chief executive officer now owns 620,394 shares of the company’s stock, valued at $14,920,475.70. Disclosure for this purchase can be found here. 1.20% of shares are currently owned by insiders.

Institutional Trading of Four Corners Property Trust

A number of hedge funds have recently bought and sold shares of the stock. Larson Financial Group LLC raised its position in shares of Four Corners Property Trust by 25,000.0% in the first quarter. Larson Financial Group LLC now owns 1,004 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,000 shares during the period. CWM LLC boosted its stake in Four Corners Property Trust by 183.5% in the 4th quarter. CWM LLC now owns 1,372 shares of the financial services provider’s stock valued at $35,000 after buying an additional 888 shares during the last quarter. Eagle Bay Advisors LLC boosted its stake in Four Corners Property Trust by 66.7% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,500 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 600 shares during the last quarter. Covestor Ltd raised its stake in Four Corners Property Trust by 23.2% in the first quarter. Covestor Ltd now owns 2,493 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 470 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new position in Four Corners Property Trust in the 4th quarter valued at about $66,000. Hedge funds and other institutional investors own 98.66% of the company’s shares.

Four Corners Property Trust stock performance

Shares of FCPT stock opened at $28.35 on Wednesday. The stock’s 50-day simple moving average is $26.45, and its 200-day simple moving average is $24.88. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 26.50 and a beta of 1.08. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.14, and a current ratio of 0.13. Four Corners Property Trust has a 52-week low of $20.51 and a 52-week high of $28.35.

Four Corners Property Trust (NYSE:FCPT – Get Free Report ) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.14). The business had revenue of $66.48 million during the quarter, compared to the consensus estimate of $63.70 million. Four Corners Property Trust had a return on equity of 7.72% and a net margin of 37.01%. Four Corners Property Trust’s revenue was up 9.5% compared to the same quarter last year. In the same quarter last year, the company earned $0.42 per share. research analysts forecast that Four Corners Property Trust will post 1.65 EPS for the current fiscal year.

Four Corners Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $0.345 per share. The ex-dividend date was Friday, June 28. This represents an annualized dividend of $1.38 and a yield of 4.87%. Four Corners Property Trust’s payout ratio is currently 128.97%.

Company Profile of Four Corners Property Trust

(Get a free report

Headquartered in Mill Valley, CA, FCPT is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional rental real estate on a net basis for use in the restaurant and retail industries.

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