Four Corners Property Trust, Inc. (NYSE:FCPT) Receives $27.86 Average Price Target from Analysts

Shares of Four Corners Property Trust, Inc. (NYSE:FCPT) have been given a consensus rating of “Hold” by the eight ratings firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $27.8571.

FCPT has been the topic of several research reports. Citigroup reiterated a “market perform” rating on shares of Four Corners Property Trust in a report on Monday, January 5th. Citizens Jmp upgraded shares of Four Corners Property Trust from a “market perform” rating to an “outperform” rating and set a $28.00 target price for the company in a research note on Wednesday, March 25th. Evercore reduced their target price on shares of Four Corners Property Trust from $29.00 to $26.00 and set an “in-line” rating for the company in a report on Monday, December 15th. Raymond James Financial decreased their price target on shares of Four Corners Property Trust from $29.00 to $28.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Four Corners Property Trust in a report on Friday, January 9th.

Four Corners Property Trust Stock Performance

FCPT opened at $23.76 on Friday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.36. Four Corners Property Trust has a 12-month low of $22.78 and a 12-month high of $28.98. The business has a 50 day moving average of $24.88 and a 200-day moving average of $24.31. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 21.60 and a beta of 0.83.

Four Corners Property Trust (NYSE:FCPT) last posted its earnings results on Wednesday, February 11th. The financial services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. Four Corners Property Trust had a return on equity of 7.39% and a net margin of 38.20%.The business had revenue of $75.67 million for the quarter, compared to analyst estimates of $76.04 million. During the same period in the previous year, the firm earned $0.44 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year. On average, equities research analysts expect that Four Corners Property Trust will post 1.68 earnings per share for the current year.

Four Corners Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.3665 per share. The ex-dividend date is Tuesday, March 31st. This represents a $1.47 dividend on an annualized basis and a dividend yield of 6.2%. Four Corners Property Trust’s dividend payout ratio (DPR) is 133.64%.

Insiders Place Their Bets

In other news, CEO William H. Lenehan purchased 7,865 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average cost of $25.49 per share, with a total value of $200,478.85. Following the acquisition, the chief executive officer owned 765,845 shares in the company, valued at approximately $19,521,389.05. This trade represents a 1.04% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in Four Corners Property Trust by 20.3% during the first quarter. AQR Capital Management LLC now owns 34,273 shares of the financial services provider’s stock worth $984,000 after acquiring an additional 5,786 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Four Corners Property Trust by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,416 shares of the financial services provider’s stock valued at $1,648,000 after purchasing an additional 2,508 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Four Corners Property Trust by 13.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 681,843 shares of the financial services provider’s stock worth $19,569,000 after purchasing an additional 79,023 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Four Corners Property Trust during the first quarter worth approximately $2,627,000. Finally, Creative Planning increased its holdings in shares of Four Corners Property Trust by 21.0% during the second quarter. Creative Planning now owns 39,794 shares of the financial services provider’s stock worth $1,071,000 after purchasing an additional 6,900 shares during the period. Institutional investors own 98.66% of the company’s stock.

Four Corners Property Trust Company Profile

Four Corners Property Trust is a publicly traded real estate investment trust focused on acquiring and managing single-tenant commercial properties subject to long-term, triple-net leases. The company targets industrial, manufacturing, distribution, office and retail facilities leased to creditworthy tenants. By concentrating on net-lease structures, Four Corners seeks to generate stable, predictable income streams and mitigate operating cost variability.

The firm’s core activities include sourcing off-market and broker-sourced acquisition opportunities, conducting rigorous credit and property due diligence, and structuring lease agreements that shift property taxes, insurance and maintenance expenses to tenants.