Four Corners Property (NYSE:FCPT) has been given an average rating of “Hold” by the six brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $26.00.
FCPT has been the subject of a number of recent research reports. Ladenburg Thalmann reissued a “buy” rating and issued a $26.00 target price (down from $28.00) on shares of Four Corners Property in a research report on Friday, February 23rd. Zacks Investment Research raised Four Corners Property from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 18th.
Shares of FCPT traded down $0.11 on Thursday, reaching $22.19. 7,714 shares of the company’s stock traded hands, compared to its average volume of 290,917. The company has a current ratio of 4.54, a quick ratio of 4.54 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 16.25 and a beta of 0.01. Four Corners Property has a 52-week low of $21.28 and a 52-week high of $26.96.
Four Corners Property (NYSE:FCPT) last issued its quarterly earnings results on Tuesday, February 20th. The financial services provider reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.10). The business had revenue of $33.84 million for the quarter, compared to analysts’ expectations of $34.16 million. Four Corners Property had a net margin of 53.30% and a return on equity of 13.31%. equities research analysts predict that Four Corners Property will post 1.43 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in FCPT. Wells Fargo & Company MN grew its position in shares of Four Corners Property by 329.5% in the first quarter. Wells Fargo & Company MN now owns 1,016,240 shares of the financial services provider’s stock valued at $23,464,000 after purchasing an additional 779,655 shares in the last quarter. Cbre Clarion Securities LLC purchased a new position in shares of Four Corners Property in the fourth quarter valued at $12,948,000. BlackRock Inc. grew its position in shares of Four Corners Property by 3.2% in the fourth quarter. BlackRock Inc. now owns 9,536,390 shares of the financial services provider’s stock valued at $245,083,000 after purchasing an additional 292,699 shares in the last quarter. Millennium Management LLC grew its position in shares of Four Corners Property by 72.0% in the first quarter. Millennium Management LLC now owns 656,736 shares of the financial services provider’s stock valued at $15,164,000 after purchasing an additional 274,890 shares in the last quarter. Finally, Westpac Banking Corp purchased a new position in shares of Four Corners Property in the first quarter valued at $5,372,000. Institutional investors own 86.98% of the company’s stock.
Four Corners Property Company Profile
FCPT is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease for use in the restaurant and related food services industry.
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