BidaskClub downgraded shares of Four Corners Property Trust, Inc. (NYSE:FCPT) from a buy rating to a hold rating in a report released on Friday.

A number of other analysts have also recently commented on the stock. Canaccord Genuity started coverage on shares of Four Corners Property Trust in a research note on Tuesday, July 18th. They set a hold rating and a $26.00 target price for the company. Zacks Investment Research raised shares of Four Corners Property Trust from a hold rating to a buy rating and set a $28.00 target price for the company in a research note on Wednesday, July 12th. UBS AG raised shares of Four Corners Property Trust from a market perform rating to an outperform rating in a research note on Tuesday, August 15th. Raymond James Financial, Inc. raised shares of Four Corners Property Trust from a market perform rating to a buy rating and set a $26.00 target price for the company in a research note on Tuesday, August 15th. Finally, Ladenburg Thalmann Financial Services reissued a buy rating and set a $27.00 target price (up previously from $24.00) on shares of Four Corners Property Trust in a research note on Wednesday, August 16th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $26.75.

Four Corners Property Trust (NYSE:FCPT) traded up 0.08% during midday trading on Friday, hitting $25.43. The stock had a trading volume of 191,630 shares. The firm has a 50-day moving average of $25.01 and a 200 day moving average of $23.82. The firm has a market capitalization of $1.56 billion, a P/E ratio of 18.77 and a beta of 0.17. Four Corners Property Trust has a 52-week low of $16.71 and a 52-week high of $25.94.

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

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Several hedge funds have recently added to or reduced their stakes in the company. Pinebridge Investments L.P. increased its stake 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 purchasing an additional 97 shares in the last quarter. Arizona State Retirement System boosted its position in Four Corners Property Trust by 0.3% during the second quarter. Arizona State Retirement System now owns 31,338 shares of the financial services provider’s stock worth $787,000 after acquiring an additional 100 shares during the last quarter. Creative Planning boosted its position in Four Corners Property Trust by 3.9% during the first quarter. Creative Planning now owns 6,782 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 252 shares during the last quarter. Suntrust Banks Inc. boosted its position in Four Corners Property Trust by 1.1% during the second quarter. Suntrust Banks Inc. now owns 26,945 shares of the financial services provider’s stock worth $675,000 after acquiring an additional 295 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in Four Corners Property Trust by 1.2% during the first quarter. Louisiana State Employees Retirement System now owns 24,398 shares of the financial services provider’s stock worth $557,000 after acquiring an additional 300 shares during the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

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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