Four Corners Property Trust, Inc. (NYSE:FCPT)‘s stock had its “buy” rating reissued by research analysts at Ladenburg Thalmann Financial Services in a research report issued to clients and investors on Friday.

The analysts wrote, “Estimate Update. Our 2017 and 2018 core FFO/sh. remain unchanged at $1.87 and $1.98, respectively; we have tweaked our 2017 FFO/sh. estimate to $1.85 from $1.86. Our NAV/sh. is $40.20 vs. $39.90 prior, based on an applied cap rate of 4.89%. We have tweaked our 2017 SSNOI estimates to 4.0% and 4.0% from 4.1% and 4.2% prior.””

Other research analysts have also recently issued reports about the stock. Canaccord Genuity began coverage on shares of Four Corners Property Trust in a research report on Tuesday, July 18th. They set a “hold” rating and a $26.00 price target for the company. Zacks Investment Research cut shares of Four Corners Property Trust from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. 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 target price for the company in a report on Tuesday, August 15th. BidaskClub raised shares of Four Corners Property Trust from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, UBS AG raised shares of Four Corners Property Trust from a “market perform” rating to an “outperform” rating in a report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $27.25.

Shares of Four Corners Property Trust (NYSE:FCPT) traded down $0.05 during midday trading on Friday, reaching $25.33. 317,884 shares of the company were exchanged, compared to its average volume of 247,367. Four Corners Property Trust has a one year low of $16.71 and a one year high of $25.94. The stock has a market cap of $1,560.00 and a PE ratio of 18.94.

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A number of institutional investors have recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in shares of Four Corners Property Trust during the second quarter valued at approximately $106,000. Bessemer Group Inc. purchased a new position in shares of Four Corners Property Trust during the second quarter valued at approximately $188,000. Pinebridge Investments L.P. raised its holdings in shares of Four Corners Property Trust by 1.2% during the second quarter. Pinebridge Investments L.P. now owns 7,908 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 97 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in shares of Four Corners Property Trust during the second quarter valued at approximately $206,000. Finally, Amalgamated Bank purchased a new position in shares of Four Corners Property Trust during the second quarter valued at approximately $209,000. 87.21% of the stock is owned by institutional investors and hedge funds.

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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