Barclays Lowers Four Corners Property Trust (NYSE:FCPT) Price Target to $30.00

Four Corners Property Trust (NYSE:FCPT) had its price target decreased by investment analysts at Barclays from $31.00 to $30.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price target would indicate a potential upside of 7.71% from the company’s previous close.

Several other research analysts have also issued reports on the company. JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a research note on Tuesday, December 10th. UBS Group assumed coverage on shares of Four Corners Property Trust in a research report on Thursday, November 14th. They set a “buy” rating and a $33.00 target price for the company. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.40.

Four Corners Property Trust Stock Up 1.5 %

Shares of FCPT opened at $27.85 on Tuesday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average price of $27.89 and a two-hundred day moving average price of $28.19. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 26.03 and a beta of 1.14. Four Corners Property Trust has a 12 month low of $22.38 and a 12 month high of $30.93.

Institutional Investors Weigh In On Four Corners Property Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FCPT. FMR LLC boosted its holdings in Four Corners Property Trust by 30.6% in the third quarter. FMR LLC now owns 13,930,746 shares of the financial services provider’s stock valued at $408,310,000 after acquiring an additional 3,268,064 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Four Corners Property Trust by 1.2% during the third quarter. Geode Capital Management LLC now owns 2,357,175 shares of the financial services provider’s stock worth $69,101,000 after buying an additional 27,552 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Four Corners Property Trust by 2.7% during the 4th quarter. Principal Financial Group Inc. now owns 1,822,422 shares of the financial services provider’s stock worth $49,463,000 after buying an additional 48,319 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Four Corners Property Trust by 4.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,518,075 shares of the financial services provider’s stock valued at $44,495,000 after acquiring an additional 63,856 shares during the last quarter. Finally, Boston Trust Walden Corp raised its position in shares of Four Corners Property Trust by 9.5% in the 3rd quarter. Boston Trust Walden Corp now owns 1,332,684 shares of the financial services provider’s stock valued at $39,061,000 after acquiring an additional 115,924 shares during the period. Institutional investors and hedge funds own 98.66% of the company’s stock.

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.