Four Corners Property Trust, Inc. (NYSE:FCPT) Given Consensus Recommendation of “Hold” by Analysts

Four Corners Property Trust, Inc. (NYSE:FCPT) has been assigned an average rating of “Hold” from the nine research firms that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $28.1250.

Several research firms have weighed in on FCPT. Raymond James Financial lowered their target price on Four Corners Property Trust from $29.00 to $28.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 17th. Citigroup restated a “market outperform” rating on shares of Four Corners Property Trust in a report on Monday, June 1st. Weiss Ratings raised shares of Four Corners Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. Citizens Jmp upgraded Four Corners Property Trust from a “market perform” rating to an “outperform” rating and set a $28.00 price objective on the stock in a report on Wednesday, March 25th. Finally, BMO Capital Markets assumed coverage on Four Corners Property Trust in a report on Friday, April 17th. They set a “market perform” rating and a $27.00 target price on the stock.

Insider Buying and Selling at Four Corners Property Trust

In other news, CEO William H. Lenehan acquired 3,961 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was acquired at an average cost of $25.23 per share, with a total value of $99,936.03. Following the acquisition, the chief executive officer owned 775,696 shares in the company, valued at approximately $19,570,810.08. This represents a 0.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FCPT. Parallel Advisors LLC increased its stake in shares of Four Corners Property Trust by 80.1% in the third quarter. Parallel Advisors LLC now owns 1,041 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 463 shares during the period. Farther Finance Advisors LLC boosted its stake in Four Corners Property Trust by 829.2% during the 4th quarter. Farther Finance Advisors LLC now owns 1,115 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 995 shares during the period. First Horizon Corp grew its holdings in Four Corners Property Trust by 147.4% in the 4th quarter. First Horizon Corp now owns 1,190 shares of the financial services provider’s stock valued at $27,000 after buying an additional 709 shares during the last quarter. Huntington National Bank grew its holdings in Four Corners Property Trust by 114.1% in the 4th quarter. Huntington National Bank now owns 1,569 shares of the financial services provider’s stock valued at $36,000 after buying an additional 836 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Four Corners Property Trust in the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 98.66% of the company’s stock.

Four Corners Property Trust Trading Down 0.1%

NYSE FCPT traded down $0.03 on Friday, hitting $25.08. 750,455 shares of the stock were exchanged, compared to its average volume of 985,768. The company’s 50-day moving average price is $24.93 and its two-hundred day moving average price is $24.66. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.15 and a quick ratio of 0.15. Four Corners Property Trust has a 52-week low of $22.78 and a 52-week high of $27.40. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 22.39 and a beta of 0.80.

Four Corners Property Trust (NYSE:FCPT) last released its earnings results on Wednesday, April 29th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.14). Four Corners Property Trust had a net margin of 38.74% and a return on equity of 7.38%. The business had revenue of $78.17 million during the quarter, compared to analysts’ expectations of $73.34 million. During the same quarter in the previous year, the company earned $0.44 EPS. Four Corners Property Trust’s revenue for the quarter was up 9.4% on a year-over-year basis. Research analysts predict that Four Corners Property Trust will post 1.76 EPS for the current year.

Four Corners Property Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a $0.1222 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. Four Corners Property Trust’s dividend payout ratio (DPR) is currently 130.36%.

About Four Corners Property Trust

Four Corners Property Trust is a publicly traded real estate investment trust focused on acquiring and managing single-tenant commercial properties subject to long-term, triple-net leases. The company targets industrial, manufacturing, distribution, office and retail facilities leased to creditworthy tenants. By concentrating on net-lease structures, Four Corners seeks to generate stable, predictable income streams and mitigate operating cost variability.

The firm’s core activities include sourcing off-market and broker-sourced acquisition opportunities, conducting rigorous credit and property due diligence, and structuring lease agreements that shift property taxes, insurance and maintenance expenses to tenants.