Four Corners Property Trust, Inc. (NYSE:FCPT) Receives Average Rating of “Moderate Buy” from Analysts

Four Corners Property Trust, Inc. (NYSE:FCPT) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $30.40.

A number of research analysts recently commented on the stock. Barclays decreased their price target on shares of Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a research note on Tuesday, December 10th. Finally, UBS Group began coverage on Four Corners Property Trust in a research note on Thursday, November 14th. They set a “buy” rating and a $33.00 target price on the stock.

Institutional Trading of Four Corners Property Trust

A number of institutional investors have recently bought and sold shares of FCPT. Prudential Financial Inc. grew its position 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 in the last quarter. Vanguard Group Inc. grew its position in Four Corners Property Trust by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 10,874,938 shares of the financial services provider’s stock worth $295,146,000 after buying an additional 240,230 shares in the last quarter. LPL Financial LLC increased its position in shares of Four Corners Property Trust by 10.4% in the fourth quarter. LPL Financial LLC now owns 28,783 shares of the financial services provider’s stock worth $781,000 after purchasing an additional 2,721 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Four Corners Property Trust in the fourth quarter worth $524,000. Finally, Sei Investments Co. bought a new position in shares of Four Corners Property Trust in the fourth quarter worth $229,000. Institutional investors own 98.66% of the company’s stock.

Four Corners Property Trust Trading Up 0.5 %

FCPT stock opened at $27.93 on Wednesday. Four Corners Property Trust has a one year low of $22.38 and a one year high of $30.93. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 26.10 and a beta of 1.14. The company has a fifty day moving average price of $27.71 and a two-hundred day moving average price of $28.23. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.17 and a quick ratio of 0.17.

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.