Shares of Four Corners Property (NYSE:FCPT) have been given a consensus recommendation of “Hold” by the six ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 12-month price objective 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 research analyst reports. Ladenburg Thalmann reaffirmed a “buy” rating and set a $26.00 price objective (down from $28.00) on shares of Four Corners Property in a report on Friday, February 23rd. Zacks Investment Research lowered shares of Four Corners Property from a “hold” rating to a “sell” rating in a report on Friday, April 27th.
Four Corners Property traded up $0.02, hitting $22.06, during midday trading on Thursday, MarketBeat Ratings reports. The stock had a trading volume of 224,861 shares, compared to its average volume of 293,820. The company has a current ratio of 4.54, a quick ratio of 4.54 and a debt-to-equity ratio of 0.98. Four Corners Property has a 52-week low of $21.28 and a 52-week high of $26.96. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 16.22 and a beta of 0.01.
Four Corners Property (NYSE:FCPT) last announced its quarterly earnings data on Tuesday, February 20th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.10). Four Corners Property had a net margin of 53.30% and a return on equity of 13.31%. The company had revenue of $33.84 million for the quarter, compared to analysts’ expectations of $34.16 million. analysts predict that Four Corners Property will post 1.43 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Synovus Financial Corp purchased a new stake in Four Corners Property during the 1st quarter valued at approximately $133,000. Meadow Creek Investment Management LLC grew its holdings in Four Corners Property by 31.6% during the 4th quarter. Meadow Creek Investment Management LLC now owns 12,012 shares of the financial services provider’s stock valued at $309,000 after buying an additional 2,884 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new stake in Four Corners Property during the 1st quarter valued at approximately $325,000. Profund Advisors LLC boosted its position in shares of Four Corners Property by 23.6% during the 1st quarter. Profund Advisors LLC now owns 14,211 shares of the financial services provider’s stock valued at $328,000 after acquiring an additional 2,714 shares during the last quarter. Finally, Capital Fund Management S.A. bought a new position in shares of Four Corners Property during the 4th quarter valued at approximately $352,000. 89.73% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Four Corners Property Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Four Corners Property and related companies with MarketBeat.com's FREE daily email newsletter.