Four Corners Property Trust, Inc. (NYSE:FCPT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Four Corners Property Trust, Inc. (NYSE:FCPT) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $30.40.

Several research firms have commented on FCPT. UBS Group assumed coverage on Four Corners Property Trust in a research note on Thursday, November 14th. They issued a “buy” rating and a $33.00 target price on the stock. JMP Securities restated a “market perform” rating on shares of Four Corners Property Trust in a report on Tuesday, December 10th. Finally, Barclays decreased their target price on shares of Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th.

Four Corners Property Trust Stock Performance

Shares of Four Corners Property Trust stock opened at $27.92 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 26.09 and a beta of 1.14. The stock’s 50-day moving average is $27.75 and its 200-day moving average is $28.22. Four Corners Property Trust has a one year low of $22.38 and a one year high of $30.93.

Hedge Funds Weigh In On Four Corners Property Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in shares of Four Corners Property Trust by 165.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 860 shares during the period. Synergy Investment Management LLC bought a new position in Four Corners Property Trust during the fourth quarter worth $48,000. Truvestments Capital LLC acquired a new position in shares of Four Corners Property Trust in the third quarter valued at $51,000. Eagle Bay Advisors LLC raised its position in shares of Four Corners Property Trust by 25.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 425 shares during the period. Finally, KBC Group NV lifted its stake in shares of Four Corners Property Trust by 50.4% during the 4th quarter. KBC Group NV now owns 3,702 shares of the financial services provider’s stock worth $100,000 after buying an additional 1,240 shares during the last quarter. 98.66% of the stock is owned by institutional investors.

About Four Corners Property Trust

Four Corners Property Trust, Inc engages in the owning, acquisition, and leasing of properties for use in the restaurant and food-service related industries. It operates through the Real Estate Operations and Restaurant Operations segments. The Real Estate Operations segment consists of rental revenues generated by leasing restaurant properties.