Four Corners Property Trust, Inc. (FCPT) Given Average Rating of “Hold” by Brokerages

Shares of Four Corners Property Trust, Inc. (NYSE:FCPT) have been assigned an average recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $26.00.

FCPT has been the topic of several recent analyst reports. Zacks Investment Research raised Four Corners Property Trust from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Tuesday, October 17th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Four Corners Property Trust in a report on Friday, November 3rd. Finally, BidaskClub raised Four Corners Property Trust from a “sell” rating to a “hold” rating in a report on Friday, November 10th.

Four Corners Property Trust (FCPT) opened at $22.42 on Tuesday. The company has a market capitalization of $1,403.84, a price-to-earnings ratio of 15.90 and a beta of -0.24. Four Corners Property Trust has a twelve month low of $20.82 and a twelve month high of $26.96.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 4.91%. The ex-dividend date was Thursday, December 28th. This is a positive change from Four Corners Property Trust’s previous quarterly dividend of $0.24. Four Corners Property Trust’s dividend payout ratio is 78.01%.

Hedge funds have recently modified their holdings of the business. State Street Corp grew its holdings in shares of Four Corners Property Trust by 6.7% during the second quarter. State Street Corp now owns 1,745,481 shares of the financial services provider’s stock worth $43,831,000 after purchasing an additional 109,180 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Four Corners Property Trust by 1.3% during the second quarter. Goldman Sachs Group Inc. now owns 322,043 shares of the financial services provider’s stock worth $8,086,000 after purchasing an additional 4,085 shares during the last quarter. New York State Teachers Retirement System grew its holdings in shares of Four Corners Property Trust by 4.3% during the third quarter. New York State Teachers Retirement System now owns 218,105 shares of the financial services provider’s stock worth $5,435,000 after purchasing an additional 9,000 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Four Corners Property Trust by 1.3% during the third quarter. Principal Financial Group Inc. now owns 474,151 shares of the financial services provider’s stock worth $11,816,000 after purchasing an additional 6,137 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Four Corners Property Trust by 4.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 264,026 shares of the financial services provider’s stock worth $6,630,000 after purchasing an additional 11,454 shares during the last quarter. 86.36% of the stock is currently owned by institutional investors.

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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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