Four Corners Property Trust, Inc. (NYSE:FCPT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Four Corners Property Trust, Inc. (NYSE:FCPT) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $30.40.

Several research analysts have recently weighed in on FCPT shares. UBS Group initiated coverage on shares of Four Corners Property Trust in a report on Thursday, November 14th. They issued a “buy” rating and a $33.00 price target for the company. JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a report on Tuesday, December 10th. Finally, Barclays lowered their target price on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th.

Hedge Funds Weigh In On Four Corners Property Trust

A number of institutional investors have recently added to or reduced their stakes in the company. Prudential Financial Inc. increased its holdings in Four Corners Property Trust by 1.1% during the fourth quarter. Prudential Financial Inc. now owns 97,975 shares of the financial services provider’s stock worth $2,765,000 after buying an additional 1,022 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Four Corners Property Trust by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 10,874,938 shares of the financial services provider’s stock valued at $295,146,000 after purchasing an additional 240,230 shares during the period. LPL Financial LLC raised its holdings in shares of Four Corners Property Trust by 10.4% in the 4th quarter. LPL Financial LLC now owns 28,783 shares of the financial services provider’s stock valued at $781,000 after purchasing an additional 2,721 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Four Corners Property Trust in the 4th quarter valued at about $524,000. Finally, Sei Investments Co. acquired a new stake in shares of Four Corners Property Trust in the fourth quarter valued at approximately $229,000. 98.66% of the stock is currently owned by institutional investors and hedge funds.

Four Corners Property Trust Trading Up 0.5 %

NYSE:FCPT opened at $27.93 on Wednesday. The stock has a market capitalization of $2.70 billion, a PE ratio of 26.10 and a beta of 1.14. Four Corners Property Trust has a fifty-two week low of $22.38 and a fifty-two week high of $30.93. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.17 and a quick ratio of 0.17. The business’s 50-day simple moving average is $27.71 and its 200-day simple moving average is $28.23.

Four Corners Property Trust Company Profile

Four Corners Property Trust, Inc engages in the owning, acquisition, and leasing of properties for use in the restaurant and food-service related industries. It operates through the Real Estate Operations and Restaurant Operations segments. The Real Estate Operations segment consists of rental revenues generated by leasing restaurant properties.