Today, JMP Securities Reaffirmed Hold Rating for Four Corners Property Trust Inc. (FCPT)

Today, JMP Securities Reaffirmed Hold Rating for Four Corners Property Trust Inc. (FCPT)

Four Corners Property Trust Inc. (NYSE:FCPT)‘s stock had its “hold” rating reaffirmed by stock analysts at JMP Securities in a research report issued to clients and investors on Sunday.

A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Four Corners Property Trust from a “sell” rating to a “hold” rating in a report on Thursday, August 18th. Robert W. Baird lowered shares of Four Corners Property Trust from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $20.00 to $21.00 in a research report on Tuesday, July 12th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.00.

Shares of Four Corners Property Trust (NYSE:FCPT) traded up 1.37% during trading on Friday, reaching $19.27. The company’s stock had a trading volume of 86,344 shares. The stock has a market capitalization of $1.15 billion and a price-to-earnings ratio of 8.90. Four Corners Property Trust has a 1-year low of $14.09 and a 1-year high of $24.44. The company’s 50-day moving average price is $19.64 and its 200 day moving average price is $20.29.

Four Corners Property Trust (NYSE:FCPT) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.01. Four Corners Property Trust had a net margin of 115.37% and a return on equity of 29.56%. The company earned $30.82 million during the quarter, compared to analysts’ expectations of $19.53 million. During the same period in the prior year, the company earned $1.00 earnings per share. The business’s quarterly revenue was up 598.9% compared to the same quarter last year. Analysts anticipate that Four Corners Property Trust will post $1.32 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Four Corners Property Trust by 1.7% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,760 shares of the company’s stock valued at $180,000 after buying an additional 150 shares during the period. Municipal Employees Retirement System of Michigan raised its position in Four Corners Property Trust by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,966 shares of the company’s stock valued at $255,000 after buying an additional 200 shares during the period. PineBridge Investments L.P. raised its position in Four Corners Property Trust by 3.9% in the second quarter. PineBridge Investments L.P. now owns 6,835 shares of the company’s stock valued at $141,000 after buying an additional 255 shares during the period. Arizona State Retirement System raised its position in Four Corners Property Trust by 1.1% in the second quarter. Arizona State Retirement System now owns 27,938 shares of the company’s stock valued at $575,000 after buying an additional 300 shares during the period. Finally, Capstone Asset Management Co. raised its position in Four Corners Property Trust by 1.4% in the second quarter. Capstone Asset Management Co. now owns 21,967 shares of the company’s stock valued at $452,000 after buying an additional 305 shares during the period. 90.55% of the stock is owned by institutional investors and hedge funds.

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