Four Corners Property Trust’s (FCPT) “Market Perform” Rating Reaffirmed at JMP Securities

JMP Securities reaffirmed their market perform rating on shares of Four Corners Property Trust (NYSE:FCPT) in a research report sent to investors on Thursday morning,Benzinga reports.

Several other research analysts also recently issued reports on FCPT. Barclays dropped their price objective on shares of Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. UBS Group initiated coverage on shares of Four Corners Property Trust in a report on Thursday, November 14th. They set a “buy” rating and a $33.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.40.

Four Corners Property Trust Stock Performance

Shares of FCPT opened at $28.41 on Thursday. The company has a market capitalization of $2.75 billion, a PE ratio of 26.56 and a beta of 1.14. Four Corners Property Trust has a one year low of $22.38 and a one year 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 company’s fifty day moving average price is $27.69 and its 200 day moving average price is $28.22.

Four Corners Property Trust (NYSE:FCPT) last announced its earnings results on Wednesday, February 12th. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.28 by $0.16. Four Corners Property Trust had a net margin of 37.27% and a return on equity of 7.68%. As a group, analysts expect that Four Corners Property Trust will post 1.62 earnings per share for the current year.

Institutional Trading of Four Corners Property Trust

Institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its position in shares of Four Corners Property Trust by 234.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 817 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Four Corners Property Trust by 165.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 860 shares in the last quarter. VSM Wealth Advisory LLC acquired a new stake in shares of Four Corners Property Trust during the 4th quarter valued at about $39,000. Synergy Investment Management LLC acquired a new stake in shares of Four Corners Property Trust during the 4th quarter valued at about $48,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Four Corners Property Trust during the 3rd quarter valued at about $51,000. 98.66% of the stock is currently owned by institutional investors and hedge funds.

About Four Corners Property Trust

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.