Four Corners Property Trust, Inc. (NYSE:FCPT) was upgraded by equities researchers at Raymond James Financial, Inc. to a “buy” rating in a research note issued on Tuesday.

A number of other analysts have also issued reports on FCPT. Zacks Investment Research lowered shares of Four Corners Property Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Canaccord Genuity started coverage on shares of Four Corners Property Trust in a research note on Tuesday, July 18th. They issued a “hold” rating and a $26.00 price target for the company. BidaskClub lowered shares of Four Corners Property Trust from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Four Corners Property Trust in a research note on Thursday, August 3rd. Finally, UBS AG upgraded shares of Four Corners Property Trust from a “market perform” rating to an “outperform” rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $27.00.

Four Corners Property Trust (FCPT) opened at 24.23 on Tuesday. 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 $25.00 and a 200-day moving average of $23.47. The stock has a market capitalization of $1.48 billion, a P/E ratio of 17.88 and a beta of 0.15.

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

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Hedge funds have recently added to or reduced their stakes in the stock. Meadow Creek Investment Management LLC raised its stake in Four Corners Property Trust by 33.9% in the first quarter. Meadow Creek Investment Management LLC now owns 4,424 shares of the financial services provider’s stock valued at $101,000 after buying an additional 1,120 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Four Corners Property Trust during the second quarter valued at $106,000. Ameritas Investment Partners Inc. acquired a new stake in Four Corners Property Trust during the first quarter valued at $119,000. Glen Harbor Capital Management LLC raised its stake in Four Corners Property Trust by 33.9% in the first quarter. Glen Harbor Capital Management LLC now owns 5,372 shares of the financial services provider’s stock valued at $123,000 after buying an additional 1,360 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. acquired a new stake in Four Corners Property Trust during the first quarter valued at $124,000. Hedge funds and other institutional investors own 85.86% of the company’s stock.

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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