Four Corners Property Trust (NYSE:FCPT) Reaches New 12-Month High at $30.80

Four Corners Property Trust, Inc. (NYSE:FCPT) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $30.80 and last traded at $30.80, with a volume of 277 shares. The stock had previously closed at $30.40.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FCPT shares. Wells Fargo & Company raised Four Corners Property Trust to a “strong-buy” rating in a research note on Monday, August 12th. JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a research report on Wednesday, August 28th. Evercore ISI boosted their price target on shares of Four Corners Property Trust from $26.00 to $28.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. Finally, Raymond James increased their price objective on shares of Four Corners Property Trust from $27.00 to $29.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Four Corners Property Trust has an average rating of “Moderate Buy” and a consensus price target of $27.00.

Four Corners Property Trust Trading Up 0.1 %

The company has a debt-to-equity ratio of 0.43, a current ratio of 0.13 and a quick ratio of 0.13. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 28.51 and a beta of 1.10. The business has a fifty day moving average of $27.62 and a 200-day moving average of $25.39.

Four Corners Property Trust (NYSE:FCPT) last released its earnings results on Wednesday, July 31st. The financial services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.14). The business had revenue of $66.48 million during the quarter, compared to the consensus estimate of $63.70 million. Four Corners Property Trust had a return on equity of 7.72% and a net margin of 37.01%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 earnings per share. On average, equities analysts anticipate that Four Corners Property Trust, Inc. will post 1.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Four Corners Property Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC raised its position in shares of Four Corners Property Trust by 25,000.0% during the first quarter. Larson Financial Group LLC now owns 1,004 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 1,000 shares during the period. Covestor Ltd raised its holdings in Four Corners Property Trust by 23.2% during the 1st quarter. Covestor Ltd now owns 2,493 shares of the financial services provider’s stock worth $61,000 after buying an additional 470 shares during the period. Blue Trust Inc. lifted its stake in Four Corners Property Trust by 1,469.1% during the second quarter. Blue Trust Inc. now owns 3,703 shares of the financial services provider’s stock valued at $91,000 after buying an additional 3,467 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Four Corners Property Trust by 85.3% in the fourth quarter. Quadrant Capital Group LLC now owns 7,289 shares of the financial services provider’s stock worth $184,000 after buying an additional 3,355 shares during the period. Finally, Lazard Asset Management LLC increased its position in shares of Four Corners Property Trust by 491.0% in the first quarter. Lazard Asset Management LLC now owns 7,973 shares of the financial services provider’s stock worth $195,000 after acquiring an additional 6,624 shares in the last quarter. Institutional investors and hedge funds own 98.66% of the company’s stock.

Four Corners Property Trust Company Profile

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.