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

Four Corners Property Trust, Inc. (NYSE:FCPT) has been given an average recommendation of “Hold” by the nine research firms that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $28.00.

Several research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Four Corners Property Trust in a research report on Wednesday, April 8th. Raymond James Financial decreased their price objective on shares of Four Corners Property Trust from $29.00 to $28.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 17th. BMO Capital Markets assumed coverage on shares of Four Corners Property Trust in a research report on Friday, April 17th. They issued a “market perform” rating and a $27.00 price objective on the stock. Citizens Jmp upgraded shares of Four Corners Property Trust from a “market perform” rating to an “outperform” rating and set a $28.00 price objective on the stock in a research report on Wednesday, March 25th. Finally, Barclays upped their price objective on shares of Four Corners Property Trust from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st.

Insider Buying and Selling at Four Corners Property Trust

In related news, CEO William H. Lenehan acquired 7,865 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average cost of $25.49 per share, for a total transaction of $200,478.85. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FCPT. Parallel Advisors LLC grew its position in Four Corners Property Trust by 80.1% during the third quarter. Parallel Advisors LLC now owns 1,041 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 463 shares during the last quarter. Farther Finance Advisors LLC grew its position in Four Corners Property Trust by 829.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,115 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 995 shares during the last quarter. First Horizon Corp grew its position in Four Corners Property Trust by 147.4% during the fourth quarter. First Horizon Corp now owns 1,190 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 709 shares during the last quarter. Huntington National Bank grew its position in Four Corners Property Trust by 114.1% during the fourth quarter. Huntington National Bank now owns 1,569 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 836 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Four Corners Property Trust during the fourth quarter valued at approximately $36,000. 98.66% of the stock is currently owned by institutional investors.

Four Corners Property Trust Trading Down 0.2%

Shares of FCPT opened at $24.48 on Friday. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.35. The business’s 50-day moving average price is $24.89 and its 200-day moving average price is $24.40. The stock has a market cap of $2.69 billion, a PE ratio of 21.86 and a beta of 0.83. Four Corners Property Trust has a twelve month low of $22.78 and a twelve month high of $28.11.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.14). The company had revenue of $78.17 million during the quarter, compared to the consensus estimate of $73.34 million. Four Corners Property Trust had a return on equity of 7.38% and a net margin of 38.74%.The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the company posted $0.44 earnings per share. On average, equities analysts forecast that Four Corners Property Trust will post 1.75 EPS for the current fiscal year.

Four Corners Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a $0.3665 dividend. This represents a $1.47 annualized dividend and a dividend yield of 6.0%. The ex-dividend date was Tuesday, March 31st. Four Corners Property Trust’s dividend payout ratio is 131.25%.

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.