Four Corners Property Trust, Inc. (NYSE:FCPT)‘s stock had its “buy” rating reaffirmed by research analysts at Ladenburg Thalmann Financial Services in a report issued on Friday. They presently have a $28.00 target price on the financial services provider’s stock, up from their previous target price of $27.00. Ladenburg Thalmann Financial Services’ price objective suggests a potential upside of 11.16% from the stock’s current price.

FCPT has been the subject of several other research reports. BidaskClub cut shares of Four Corners Property Trust from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. UBS AG raised shares of Four Corners Property Trust from a “market perform” rating to an “outperform” rating in a research report on Tuesday, August 15th. Zacks Investment Research raised shares of Four Corners Property Trust from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Wednesday, July 12th. Raymond James Financial, Inc. raised shares of Four Corners Property Trust from a “market perform” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Tuesday, August 15th. Finally, Canaccord Genuity initiated coverage on shares of Four Corners Property Trust in a research report on Tuesday, July 18th. They issued a “hold” rating and a $26.00 price target for the company. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Four Corners Property Trust currently has an average rating of “Hold” and an average target price of $27.00.

Shares of Four Corners Property Trust (NYSE FCPT) traded down 0.51% during trading on Friday, reaching $25.19. 136,581 shares of the company were exchanged. The firm has a 50-day moving average price of $24.98 and a 200-day moving average price of $24.11. Four Corners Property Trust has a 1-year low of $16.71 and a 1-year high of $25.94. The stock has a market capitalization of $1.54 billion, a P/E ratio of 18.59 and a beta of 0.17.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.34 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $33.20 million during the quarter, compared to analysts’ expectations of $33.33 million. During the same period in the prior year, the business earned $0.33 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis. Equities research analysts predict that Four Corners Property Trust will post $1.03 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently made changes to their positions in the company. Parametric Portfolio Associates LLC raised its holdings in shares of Four Corners Property Trust by 2.0% in the 1st quarter. Parametric Portfolio Associates LLC now owns 88,925 shares of the financial services provider’s stock valued at $2,030,000 after purchasing an additional 1,741 shares in the last quarter. LS Investment Advisors LLC raised its stake in Four Corners Property Trust by 287.1% during the 1st quarter. LS Investment Advisors LLC now owns 8,252 shares of the financial services provider’s stock worth $188,000 after acquiring an additional 6,120 shares in the last quarter. Waratah Capital Advisors Ltd. acquired a new stake in Four Corners Property Trust during the 1st quarter worth $245,000. OppenheimerFunds Inc. raised its stake in Four Corners Property Trust by 3.6% during the 1st quarter. OppenheimerFunds Inc. now owns 1,312,612 shares of the financial services provider’s stock worth $29,967,000 after acquiring an additional 45,833 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Four Corners Property Trust by 9.2% during the 2nd quarter. Legal & General Group Plc now owns 251,246 shares of the financial services provider’s stock worth $6,309,000 after acquiring an additional 21,226 shares in the last quarter. Institutional investors and hedge funds own 87.80% of the company’s stock.

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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