Four Corners Property Trust, Inc. (NYSE:FCPT) Receives $28.13 Consensus Price Target from Brokerages

Shares of Four Corners Property Trust, Inc. (NYSE:FCPT) have been given a consensus rating of “Hold” by the nine brokerages that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $28.1250.

A number of analysts have recently weighed in on FCPT shares. BMO Capital Markets started coverage on shares of Four Corners Property Trust in a report on Friday, April 17th. They issued a “market perform” rating and a $27.00 price target on the stock. Weiss Ratings cut shares of Four Corners Property Trust from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Citigroup restated a “market outperform” rating on shares of Four Corners Property Trust in a report on Monday, June 1st. Raymond James Financial lowered their price target on shares of Four Corners Property Trust from $29.00 to $28.00 and set an “outperform” rating on the stock in a report on Tuesday, March 17th. Finally, Wells Fargo & Company raised their price target on shares of Four Corners Property Trust from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Monday, June 1st.

Four Corners Property Trust Stock Up 0.2%

NYSE:FCPT opened at $24.90 on Wednesday. Four Corners Property Trust has a fifty-two week low of $22.78 and a fifty-two week high of $27.90. The stock has a market capitalization of $2.73 billion, a P/E ratio of 22.24 and a beta of 0.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.15 and a current ratio of 0.15. The company’s 50-day simple moving average is $24.93 and its 200-day simple moving average is $24.53.

Four Corners Property Trust (NYSE:FCPT) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.28 earnings per share 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 firm had revenue of $78.17 million during the quarter, compared to the consensus estimate of $73.34 million. During the same quarter in the prior year, the business posted $0.44 earnings per share. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts anticipate that Four Corners Property Trust will post 1.76 earnings per share for the current fiscal year.

Four Corners Property Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a $0.1222 dividend. The ex-dividend date is Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 5.9%. Four Corners Property Trust’s dividend payout ratio (DPR) is 130.36%.

Insider Buying and Selling

In related news, CEO William H. Lenehan bought 3,961 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was bought at an average cost of $25.23 per share, for a total transaction of $99,936.03. Following the purchase, the chief executive officer directly owned 775,696 shares of the company’s stock, valued at approximately $19,570,810.08. This trade represents a 0.51% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is owned by company insiders.

Institutional Trading of Four Corners Property Trust

Institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its stake in Four Corners Property Trust by 80.1% in the 3rd 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 in the last quarter. Farther Finance Advisors LLC boosted its stake in Four Corners Property Trust by 829.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,115 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 995 shares in the last quarter. First Horizon Corp boosted its stake 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 worth $27,000 after purchasing an additional 709 shares in the last quarter. Huntington National Bank boosted its stake 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 worth $36,000 after purchasing an additional 836 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in Four Corners Property Trust in the 4th quarter worth approximately $36,000. 98.66% of the stock is currently owned by institutional investors and hedge funds.

Four Corners Property Trust Company Profile

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.