Four Corners Property Trust, Inc. (NYSE:FCPT) has been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $26.33.

FCPT has been the subject of a number of recent research reports. Canaccord Genuity initiated coverage on shares of Four Corners Property Trust in a research note on Tuesday, July 18th. They set a “hold” rating and a $26.00 price objective for the company. Ladenburg Thalmann Financial Services restated a “buy” rating and set a $27.00 target price (up previously from $24.00) on shares of Four Corners Property Trust in a research report on Wednesday, August 16th. Zacks Investment Research lowered shares of Four Corners Property Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. Raymond James Financial, Inc. upgraded shares of Four Corners Property Trust from a “market perform” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Tuesday, August 15th. Finally, BidaskClub upgraded shares of Four Corners Property Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd.

Several large investors have recently bought and sold shares of the stock. Pinebridge Investments L.P. lifted its holdings in shares of Four Corners Property Trust by 1.2% during the 2nd quarter. Pinebridge Investments L.P. now owns 7,908 shares of the financial services provider’s stock valued at $198,000 after acquiring an additional 97 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Four Corners Property Trust by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 31,338 shares of the financial services provider’s stock valued at $787,000 after acquiring an additional 100 shares in the last quarter. Suntrust Banks Inc. lifted its holdings in shares of Four Corners Property Trust by 1.1% during the 2nd quarter. Suntrust Banks Inc. now owns 26,945 shares of the financial services provider’s stock valued at $675,000 after acquiring an additional 295 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Four Corners Property Trust by 1.2% during the 1st quarter. Louisiana State Employees Retirement System now owns 24,398 shares of the financial services provider’s stock valued at $557,000 after acquiring an additional 300 shares in the last quarter. Finally, Texas Permanent School Fund lifted its holdings in shares of Four Corners Property Trust by 1.1% during the 2nd quarter. Texas Permanent School Fund now owns 43,824 shares of the financial services provider’s stock valued at $1,100,000 after acquiring an additional 470 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

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Shares of Four Corners Property Trust (NYSE:FCPT) opened at 25.12 on Friday. The company has a 50-day moving average price of $25.01 and a 200 day moving average price of $23.93. The firm has a market capitalization of $1.54 billion, a PE ratio of 18.54 and a beta of 0.17. Four Corners Property Trust has a 12-month low of $16.71 and a 12-month high of $25.94.

Four Corners Property Trust (NYSE:FCPT) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.01. Four Corners Property Trust had a net margin of 63.74% and a return on equity of 17.21%. The company had revenue of $33.20 million during the quarter, compared to analysts’ expectations of $33.33 million. During the same period last year, the business posted $0.33 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities analysts expect that Four Corners Property Trust will post $1.03 earnings per share for the current year.

Four Corners Property Trust Company Profile

Four Corners Property Trust, Inc is a self-administered company and real estate investment trust (REIT), which owns, acquires and leases properties for use in the restaurant and food service related industries. The Company operates through two segments: real estate operations and restaurant operations.

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