Four Corners Property Trust (NYSE:FCPT) Now Covered by UBS Group

Research analysts at UBS Group began coverage on shares of Four Corners Property Trust (NYSE:FCPT) in a research report issued on Thursday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $33.00 price target on the financial services provider’s stock. UBS Group’s price objective would suggest a potential upside of 18.32% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a research report on Wednesday, August 28th. Wells Fargo & Company reiterated an “overweight” rating and set a $32.00 price objective (up previously from $28.00) on shares of Four Corners Property Trust in a research report on Tuesday, October 1st. Raymond James increased their price target on Four Corners Property Trust from $27.00 to $29.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. Finally, Evercore ISI raised their target price on shares of Four Corners Property Trust from $26.00 to $28.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $30.50.

Four Corners Property Trust Trading Down 0.1 %

NYSE FCPT opened at $27.89 on Thursday. The firm has a 50 day simple moving average of $28.97 and a 200-day simple moving average of $26.79. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 26.07 and a beta of 1.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 0.17. Four Corners Property Trust has a one year low of $22.38 and a one year high of $30.93.

Four Corners Property Trust (NYSE:FCPT) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.14). The firm had revenue of $66.79 million for the quarter, compared to analysts’ expectations of $63.50 million. Four Corners Property Trust had a return on equity of 7.68% and a net margin of 37.27%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.42 earnings per share. Equities research analysts anticipate that Four Corners Property Trust will post 1.66 EPS for the current fiscal year.

Institutional Trading of Four Corners Property Trust

A number of hedge funds have recently made changes to their positions in the company. Truvestments Capital LLC acquired a new stake in Four Corners Property Trust during the 3rd quarter valued at $51,000. Covestor Ltd grew its stake in shares of Four Corners Property Trust by 23.2% during the first quarter. Covestor Ltd now owns 2,493 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 470 shares in the last quarter. Blue Trust Inc. increased its position in shares of Four Corners Property Trust by 1,469.1% during the second quarter. Blue Trust Inc. now owns 3,703 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 3,467 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Four Corners Property Trust by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,570 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 921 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Four Corners Property Trust by 24.0% in the third quarter. GAMMA Investing LLC now owns 4,205 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 814 shares during the last quarter. Hedge funds and other institutional investors own 98.66% of the company’s stock.

Four Corners Property Trust Company Profile

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.