Four Corners Property Trust, Inc. (NYSE:FCPT)‘s stock had its “buy” rating restated by investment analysts at Ladenburg Thalmann Financial Services in a note issued to investors on Wednesday.

A number of other equities research analysts have also recently issued reports on FCPT. Zacks Investment Research cut Four Corners Property Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Canaccord Genuity initiated coverage on Four Corners Property Trust in a research note on Tuesday, July 18th. They issued a “hold” rating and a $26.00 price objective on the stock. BidaskClub cut Four Corners Property Trust from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. UBS AG upgraded Four Corners Property Trust from a “market perform” rating to an “outperform” rating in a research note on Tuesday. Finally, Raymond James Financial, Inc. upgraded Four Corners Property Trust from a “market perform” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $26.67.

Four Corners Property Trust (NYSE:FCPT) opened at 24.63 on Wednesday. The company has a 50 day moving average of $24.97 and a 200 day moving average of $23.49. The firm has a market capitalization of $1.51 billion, a P/E ratio of 18.18 and a beta of 0.15. Four Corners Property Trust has a 1-year low of $16.71 and a 1-year high of $25.94.

Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.01. Four Corners Property Trust had a net margin of 63.74% and a return on equity of 17.21%. The firm had revenue of $33.20 million during the quarter, compared to the consensus estimate of $33.33 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. On average, equities research analysts anticipate that Four Corners Property Trust will post $1.03 earnings per share for the current year.

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Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in shares of Four Corners Property Trust by 47.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 415,398 shares of the financial services provider’s stock worth $8,523,000 after buying an additional 134,521 shares in the last quarter. Norges Bank purchased a new stake in shares of Four Corners Property Trust during the fourth quarter worth about $9,776,000. Creative Planning boosted its stake in shares of Four Corners Property Trust by 3.9% in the first quarter. Creative Planning now owns 6,782 shares of the financial services provider’s stock worth $155,000 after buying an additional 252 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Four Corners Property Trust by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 24,398 shares of the financial services provider’s stock worth $557,000 after buying an additional 300 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Four Corners Property Trust by 20.3% in the first quarter. State of Alaska Department of Revenue now owns 40,270 shares of the financial services provider’s stock worth $917,000 after buying an additional 6,790 shares in the last quarter. Institutional investors and hedge funds own 85.86% of the company’s stock.

About Four Corners Property Trust

Four Corners Property Trust, Inc is a self-administered company and real estate investment trust (REIT), which owns, acquires and leases properties for use in the restaurant and food service related industries. The Company operates through two segments: real estate operations and restaurant operations.

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