Four Corners Property Trust (NYSE:FCPT) Price Target Raised to $31.00 at Wells Fargo & Company

Four Corners Property Trust (NYSE:FCPT) had its price objective increased by equities researchers at Wells Fargo & Company from $30.00 to $31.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 4.56% from the stock’s previous close.

A number of other analysts have also commented on the company. Barclays dropped their price target on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. JMP Securities restated a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Finally, UBS Group began coverage on shares of Four Corners Property Trust in a report on Thursday, November 14th. They issued a “buy” rating and a $33.00 price objective for the company. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.20.

Four Corners Property Trust Trading Up 1.1 %

NYSE:FCPT traded up $0.34 during midday trading on Monday, reaching $29.65. 52,705 shares of the stock traded hands, compared to its average volume of 602,590. The stock has a market capitalization of $2.96 billion, a P/E ratio of 27.72 and a beta of 1.16. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.11. The company has a fifty day moving average of $27.76 and a 200 day moving average of $28.39. Four Corners Property Trust has a 12 month low of $22.38 and a 12 month high of $30.93.

Four Corners Property Trust (NYSE:FCPT) last released its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.16. Four Corners Property Trust had a net margin of 37.48% and a return on equity of 7.54%. On average, research analysts predict that Four Corners Property Trust will post 1.68 EPS for the current year.

Institutional Investors Weigh In On Four Corners Property Trust

Large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of Four Corners Property Trust by 234.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider’s stock valued at $32,000 after buying an additional 817 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Four Corners Property Trust by 165.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 860 shares in the last quarter. VSM Wealth Advisory LLC bought a new position in Four Corners Property Trust in the 4th quarter worth approximately $39,000. GF Fund Management CO. LTD. purchased a new stake in Four Corners Property Trust during the 4th quarter valued at approximately $46,000. Finally, Synergy Investment Management LLC bought a new stake in shares of Four Corners Property Trust during the fourth quarter valued at approximately $48,000. Institutional investors own 98.66% of the company’s stock.

Four Corners Property Trust Company Profile

Four Corners Property Trust, Inc engages in the owning, acquisition, and leasing of properties for use in the restaurant and food-service related industries. It operates through the Real Estate Operations and Restaurant Operations segments. The Real Estate Operations segment consists of rental revenues generated by leasing restaurant properties.