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

Four Corners Property Trust, Inc. (NYSE:FCPT) has been assigned an average rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $28.00.

A number of equities analysts recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Four Corners Property Trust from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. Weiss Ratings restated a “hold (c)” rating on shares of Four Corners Property Trust in a research report on Friday, January 9th. Citigroup reiterated a “market perform” rating on shares of Four Corners Property Trust in a research report on Monday, January 5th. Finally, Evercore reduced their price target on Four Corners Property Trust from $29.00 to $26.00 and set an “in-line” rating on the stock in a research report on Monday, December 15th.

Four Corners Property Trust Stock Performance

NYSE:FCPT opened at $25.45 on Monday. The stock has a 50 day simple moving average of $24.40 and a 200 day simple moving average of $24.43. The stock has a market cap of $2.79 billion, a P/E ratio of 23.12 and a beta of 0.83. Four Corners Property Trust has a 1-year low of $22.78 and a 1-year high of $29.81. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.36.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings data on Wednesday, February 11th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $75.67 million for the quarter, compared to analysts’ expectations of $76.04 million. During the same quarter last year, the business earned $0.44 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. Research analysts anticipate that Four Corners Property Trust will post 1.68 earnings per share for the current year.

Institutional Trading of Four Corners Property Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC increased its position in Four Corners Property Trust by 20.3% during the 1st quarter. AQR Capital Management LLC now owns 34,273 shares of the financial services provider’s stock worth $984,000 after purchasing an additional 5,786 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Four Corners Property Trust by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,416 shares of the financial services provider’s stock worth $1,648,000 after buying an additional 2,508 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Four Corners Property Trust by 13.1% during the first 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 buying an additional 79,023 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Four Corners Property Trust during the first quarter worth $2,627,000. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of Four Corners Property Trust by 1.2% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 69,757 shares of the financial services provider’s stock valued at $1,877,000 after acquiring an additional 811 shares during the last quarter. Institutional investors own 98.66% of the company’s stock.

About Four Corners Property Trust

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.