Four Corners Property Trust (NYSE:FCPT) Sees Strong Trading Volume – Should You Buy?

Four Corners Property Trust, Inc. (NYSE:FCPT) shares saw strong trading volume on Monday . 717,226 shares were traded during mid-day trading, an increase of 46% from the previous session’s volume of 490,761 shares.The stock last traded at $28.30 and had previously closed at $27.97.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FCPT shares. UBS Group began coverage on Four Corners Property Trust in a report on Thursday, November 14th. They set a “buy” rating and a $33.00 target price on the stock. Barclays dropped their price target on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Finally, JMP Securities reissued a “market perform” rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.40.

Four Corners Property Trust Stock Performance

The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 26.40 and a beta of 1.14. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11. The firm’s fifty day moving average is $27.52 and its 200 day moving average is $28.26.

Four Corners Property Trust (NYSE:FCPT) last issued its earnings results 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, analysts predict that Four Corners Property Trust, Inc. will post 1.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. FMR LLC grew its stake in shares of Four Corners Property Trust by 30.6% in the 3rd quarter. FMR LLC now owns 13,930,746 shares of the financial services provider’s stock valued at $408,310,000 after buying an additional 3,268,064 shares in the last quarter. Vanguard Group Inc. lifted its stake in Four Corners Property Trust by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 10,874,938 shares of the financial services provider’s stock valued at $295,146,000 after acquiring an additional 240,230 shares during the last quarter. Invesco Ltd. grew its position in Four Corners Property Trust by 2.9% in the fourth quarter. Invesco Ltd. now owns 3,072,755 shares of the financial services provider’s stock worth $83,395,000 after acquiring an additional 85,476 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Four Corners Property Trust by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 2,455,295 shares of the financial services provider’s stock worth $66,651,000 after purchasing an additional 98,120 shares during the last quarter. Finally, Capital International Investors raised its holdings in shares of Four Corners Property Trust by 25.4% during the 4th quarter. Capital International Investors now owns 2,267,422 shares of the financial services provider’s stock valued at $61,538,000 after purchasing an additional 459,542 shares in the last quarter. 98.66% of the stock is owned by institutional investors and hedge funds.

About Four Corners Property Trust

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.