BidaskClub downgraded shares of Four Corners Property Trust, Inc. (NYSE:FCPT) from a hold rating to a sell rating in a research report report published on Thursday.

A number of other equities research analysts have also issued reports on FCPT. Ladenburg Thalmann Financial Services reiterated a buy rating and issued a $28.00 target price (up previously from $27.00) on shares of Four Corners Property Trust in a research note on Friday, September 22nd. Zacks Investment Research lowered Four Corners Property Trust from a buy rating to a hold rating in a research report on Tuesday, August 15th. Raymond James Financial, Inc. raised Four Corners Property Trust from a market perform rating to a buy rating and set a $26.00 price target on the stock in a research report on Tuesday, August 15th. UBS AG upgraded Four Corners Property Trust from a market perform rating to an outperform rating in a report on Tuesday, August 15th. Finally, Canaccord Genuity initiated coverage on Four Corners Property Trust in a report on Tuesday, July 18th. They issued a hold rating and a $26.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $27.00.

Four Corners Property Trust (FCPT) opened at 24.92 on Thursday. The stock has a market cap of $1.52 billion, a P/E ratio of 18.39 and a beta of 0.14. Four Corners Property Trust has a 52 week low of $16.71 and a 52 week high of $25.94. The company has a 50-day moving average of $24.98 and a 200-day moving average of $24.11.

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

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The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a dividend of $0.243 per share. This represents a $0.97 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend is Thursday, September 28th. Four Corners Property Trust’s dividend payout ratio (DPR) is 71.85%.

A number of large investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in shares of Four Corners Property Trust during the second quarter valued at about $106,000. Meadow Creek Investment Management LLC increased its position in shares of Four Corners Property Trust by 33.9% during the first quarter. Meadow Creek Investment Management LLC now owns 4,424 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 1,120 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Four Corners Property Trust during the first quarter worth about $119,000. Bessemer Group Inc. purchased a new stake in shares of Four Corners Property Trust during the second quarter worth about $188,000. Finally, Pinebridge Investments L.P. increased its position in shares of Four Corners Property Trust by 1.2% during the second quarter. Pinebridge Investments L.P. now owns 7,908 shares of the financial services provider’s stock worth $198,000 after acquiring an additional 97 shares during the last quarter. 87.80% of the stock is owned by institutional investors.

Four Corners Property Trust Company Profile

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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