Zacks Investment Research lowered shares of Four Corners Property Trust (NYSE:FCPT) from a hold rating to a sell rating in a research report sent to investors on Monday, Zacks.com reports.

According to Zacks, “Four Corners Property Trust, Inc. is involved in the acquisition and leasing of restaurant locations. Four Corners is headquartered in Mill Valley, CA. “

Several other brokerages have also weighed in on FCPT. Janney Montgomery Scott started coverage on Four Corners Property Trust in a research report on Friday, June 21st. They issued a buy rating and a $32.00 target price on the stock. Berenberg Bank set a €126.00 ($146.51) target price on Nemetschek and gave the stock a neutral rating in a research report on Tuesday, April 23rd. Boenning Scattergood reaffirmed a hold rating on shares of First Commonwealth Financial in a research report on Wednesday, April 24th. Finally, Barclays reaffirmed a hold rating on shares of Mettler-Toledo International in a research report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $30.67.

Shares of NYSE FCPT opened at $27.25 on Monday. Four Corners Property Trust has a 1-year low of $24.43 and a 1-year high of $29.85. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.78 and a quick ratio of 5.78. The stock has a fifty day moving average of $28.06. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 19.54 and a beta of 0.18.

Four Corners Property Trust (NYSE:FCPT) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.10). Four Corners Property Trust had a return on equity of 12.63% and a net margin of 56.35%. The company had revenue of $39.60 million during the quarter, compared to analyst estimates of $39.84 million. During the same period in the prior year, the business earned $0.34 earnings per share. Four Corners Property Trust’s quarterly revenue was up 13.8% on a year-over-year basis. On average, equities research analysts predict that Four Corners Property Trust will post 1.45 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $0.287 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date was Thursday, June 27th. Four Corners Property Trust’s dividend payout ratio (DPR) is 81.56%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Fox Run Management L.L.C. acquired a new stake in shares of Four Corners Property Trust during the 2nd quarter valued at about $208,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Four Corners Property Trust by 3.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 27,141 shares of the financial services provider’s stock valued at $742,000 after buying an additional 900 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Four Corners Property Trust by 9.4% during the 2nd quarter. Raymond James Trust N.A. now owns 7,594 shares of the financial services provider’s stock valued at $208,000 after buying an additional 654 shares during the last quarter. 6 Meridian lifted its holdings in shares of Four Corners Property Trust by 2.0% during the 2nd quarter. 6 Meridian now owns 25,958 shares of the financial services provider’s stock valued at $709,000 after buying an additional 507 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Four Corners Property Trust by 11.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 15,694 shares of the financial services provider’s stock valued at $429,000 after buying an additional 1,579 shares during the last quarter. 89.88% of the stock is currently owned by institutional investors.

About Four Corners Property Trust

FCPT is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio primarily by acquiring additional real estate to lease, on a net basis, for use in the restaurant and food industry.

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