According to Zacks, “Four Corners Property Trust, Inc. is involved in the acquisition and leasing of restaurant locations. Four Corners is headquartered in Mill Valley, CA. “
A number of other equities research analysts have also recently weighed in on FCPT. Janney Montgomery Scott began coverage on Four Corners Property Trust in a report on Friday, June 21st. They issued a buy rating and a $32.00 price target on the stock. Berenberg Bank set a €126.00 ($146.51) price target on Nemetschek and gave the stock a neutral rating in a report on Tuesday, April 23rd. Barclays restated a hold rating on shares of Mettler-Toledo International in a report on Wednesday, May 15th. Finally, Boenning Scattergood restated a hold rating on shares of First Commonwealth Financial in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and an average price target of $30.67.
Shares of FCPT stock opened at $27.30 on Monday. The stock has a market cap of $1.86 billion, a P/E ratio of 19.46 and a beta of 0.18. The stock’s 50 day simple moving average is $28.04. Four Corners Property Trust has a 12-month low of $24.43 and a 12-month high of $29.85. The company has a current ratio of 5.78, a quick ratio of 5.78 and a debt-to-equity ratio of 0.89.
Four Corners Property Trust (NYSE:FCPT) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10). The business had revenue of $39.60 million for the quarter, compared to analysts’ expectations of $39.84 million. Four Corners Property Trust had a return on equity of 12.63% and a net margin of 56.35%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the company posted $0.34 earnings per share. Analysts expect that Four Corners Property Trust will post 1.45 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.287 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend was Thursday, June 27th. Four Corners Property Trust’s dividend payout ratio is currently 81.56%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal London Asset Management Ltd. purchased a new position in shares of Four Corners Property Trust during the 1st quarter worth $26,000. NumerixS Investment Technologies Inc lifted its stake in shares of Four Corners Property Trust by 50.0% during the 4th quarter. NumerixS Investment Technologies Inc now owns 1,200 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 400 shares during the period. Marshall Wace North America L.P. lifted its stake in shares of Four Corners Property Trust by 37.8% during the 1st quarter. Marshall Wace North America L.P. now owns 2,328 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 638 shares during the period. Osborn Williams & Donohoe LLC purchased a new position in shares of Four Corners Property Trust during the 1st quarter worth $101,000. Finally, Raymond James Trust N.A. purchased a new position in shares of Four Corners Property Trust during the 1st quarter worth $206,000. Institutional investors and hedge funds own 89.88% of the company’s stock.
Four Corners Property Trust Company Profile
FCPT is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio primarily by acquiring additional real estate to lease, on a net basis, for use in the restaurant and food industry.
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