Four Corners Property Trust (NYSE:FCPT) Stock Price Target Lowered at Citizens Jmp

Four Corners Property Trust (NYSE:FCPT) had its price objective dropped by equities researchers at Citizens Jmp from $28.00 to $26.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “market outperform” rating on the financial services provider’s stock. Citizens Jmp‘s price objective suggests a potential upside of 13.37% from the company’s previous close.

Several other research firms have also recently weighed in on FCPT. Jefferies Financial Group set a $28.00 price target on shares of Four Corners Property Trust in a report on Tuesday, August 25th. Barclays dropped their price objective on shares of Four Corners Property Trust from $30.00 to $25.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 20th. Huntington Sec began coverage on shares of Four Corners Property Trust in a research report on Wednesday, October 28th. They issued a “strong-buy” rating on the stock. Wells Fargo & Company reduced their target price on shares of Four Corners Property Trust from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Monday, October 19th. Finally, UBS Group reiterated a “buy” rating and set a $30.00 target price on shares of Four Corners Property Trust in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.45.

Four Corners Property Trust Trading Up 2.1%

NYSE:FCPT traded up $0.46 on Monday, reaching $22.93. The company’s stock had a trading volume of 299,263 shares, compared to its average volume of 881,271. Four Corners Property Trust has a 1-year low of $20.85 and a 1-year high of $26.86. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a market cap of $2.52 billion, a PE ratio of 21.03 and a beta of 0.80. The business’s 50-day moving average price is $22.88 and its two-hundred day moving average price is $24.48.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.03). Four Corners Property Trust had a net margin of 37.53% and a return on equity of 7.24%. The business had revenue of $83.68 million during the quarter, compared to analyst estimates of $82.44 million. During the same quarter in the prior year, the firm posted $0.45 earnings per share. Four Corners Property Trust’s revenue for the quarter was up 12.9% compared to the same quarter last year. Equities research analysts anticipate that Four Corners Property Trust will post 1.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Four Corners Property Trust

Large investors have recently made changes to their positions in the stock. Covestor Ltd increased its holdings in Four Corners Property Trust by 40.0% during the third quarter. Covestor Ltd now owns 1,799 shares of the financial services provider’s stock worth $39,000 after buying an additional 514 shares during the last quarter. IFP Advisors Inc lifted its stake in Four Corners Property Trust by 105.8% in the second quarter. IFP Advisors Inc now owns 1,134 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 583 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of Four Corners Property Trust by 1.8% in the 2nd quarter. Handelsbanken Fonder AB now owns 34,095 shares of the financial services provider’s stock valued at $837,000 after acquiring an additional 600 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Four Corners Property Trust by 44.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,181 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 667 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Four Corners Property Trust by 3.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 25,076 shares of the financial services provider’s stock valued at $593,000 after acquiring an additional 800 shares during the period. Institutional investors and hedge funds own 98.66% of the company’s stock.

Four Corners Property Trust Company Profile

Four Corners Property Trust, Inc is a real estate investment trust (REIT) that owns and manages a portfolio of primarily restaurant and retail properties in the United States. The company generally leases its properties to operators under long-term, net lease agreements, under which tenants are typically responsible for property taxes, insurance and maintenance expenses.

FCPT’s portfolio is concentrated in restaurant locations but also includes properties leased to tenants in other retail and service-oriented industries.