Four Corners Property Trust (NYSE:FCPT) Earns “Market Perform” Rating from JMP Securities

Four Corners Property Trust (NYSE:FCPT)‘s stock had its “market perform” rating reissued by stock analysts at JMP Securities in a research report issued on Thursday,Benzinga reports.

Several other equities research analysts have also recently issued reports on FCPT. Barclays lowered their target price on shares of Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. UBS Group assumed coverage on shares of Four Corners Property Trust in a research note on Thursday, November 14th. They set a “buy” rating and a $33.00 target price on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.40.

Four Corners Property Trust Price Performance

Shares of NYSE FCPT opened at $27.79 on Thursday. The firm has a market cap of $2.69 billion, a PE ratio of 25.97 and a beta of 1.14. The firm has a fifty day moving average of $27.64 and a 200 day moving average of $28.23. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 0.17. Four Corners Property Trust has a one year low of $22.38 and a one year high of $30.93.

Four Corners Property Trust (NYSE:FCPT) last announced its earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.16. Four Corners Property Trust had a net margin of 37.27% and a return on equity of 7.68%. As a group, research analysts predict that Four Corners Property Trust will post 1.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. 1620 Investment Advisors Inc. boosted its position in shares of Four Corners Property Trust by 4.1% during the 4th quarter. 1620 Investment Advisors Inc. now owns 9,138 shares of the financial services provider’s stock valued at $248,000 after acquiring an additional 363 shares during the last quarter. Arizona State Retirement System lifted its position in Four Corners Property Trust by 1.5% in the fourth quarter. Arizona State Retirement System now owns 26,893 shares of the financial services provider’s stock valued at $730,000 after buying an additional 406 shares during the last quarter. Eagle Bay Advisors LLC lifted its position in 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 buying an additional 425 shares during the last quarter. Mariner LLC lifted its position in Four Corners Property Trust by 2.8% in the fourth quarter. Mariner LLC now owns 17,098 shares of the financial services provider’s stock valued at $464,000 after buying an additional 467 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in Four Corners Property Trust by 1.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 45,170 shares of the financial services provider’s stock valued at $1,226,000 after buying an additional 469 shares during the last quarter. 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.