Four Corners Property Trust Inc (NYSE: FCPT) has a higher price-to-earnings ratio of 21.18x compared to its average ratio, The 36-month beta value for FCPT is at 1.03. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for FCPT is 90.82M, and currently, shorts hold a 2.60% of that float. The average trading volume for FCPT on April 18, 2024 was 522.83K shares.
FCPT) stock’s latest price update
The stock price of Four Corners Property Trust Inc (NYSE: FCPT) has jumped by 0.84 compared to previous close of 22.57. Despite this, the company has seen a fall of -3.23% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-17 that Four Corners Property Trust has experienced a 10% stock decline in 2024, in line with the sector Vanguard Real Estate Index Fund ETF. The net lease REIT specializes in acquiring and leasing restaurant and food-related properties, with a high occupancy rate of 99.8%. More recently the company has diversified into auto service and medical retail which account for a combined 17% of annualized base rent.
FCPT’s Market Performance
Four Corners Property Trust Inc (FCPT) has seen a -3.23% fall in stock performance for the week, with a -6.95% decline in the past month and a -5.29% plunge in the past quarter. The volatility ratio for the week is 2.24%, and the volatility levels for the past 30 days are at 1.87% for FCPT. The simple moving average for the past 20 days is -4.26% for FCPT’s stock, with a -5.22% simple moving average for the past 200 days.
Analysts’ Opinion of FCPT
Many brokerage firms have already submitted their reports for FCPT stocks, with Wells Fargo repeating the rating for FCPT by listing it as a “Overweight.” The predicted price for FCPT in the upcoming period, according to Wells Fargo is $28 based on the research report published on September 21, 2023 of the previous year 2023.
Evercore ISI, on the other hand, stated in their research note that they expect to see FCPT reach a price target of $28. The rating they have provided for FCPT stocks is “In-line” according to the report published on November 21st, 2022.
Evercore ISI gave a rating of “Outperform” to FCPT, setting the target price at $31 in the report published on September 13th of the previous year.
FCPT Trading at -4.34% from the 50-Day Moving Average
After a stumble in the market that brought FCPT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.54% of loss for the given period.
Volatility was left at 1.87%, however, over the last 30 days, the volatility rate increased by 2.24%, as shares sank -6.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.56% lower at present.
During the last 5 trading sessions, FCPT fell by -3.27%, which changed the moving average for the period of 200-days by -11.24% in comparison to the 20-day moving average, which settled at $23.69. In addition, Four Corners Property Trust Inc saw -10.04% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FCPT starting from HANSEN DOUGLAS B, who purchase 4,950 shares at the price of $21.74 back on Nov 07 ’23. After this action, HANSEN DOUGLAS B now owns 2,650 shares of Four Corners Property Trust Inc, valued at $107,613 using the latest closing price.
Lenehan William H, the President and CEO of Four Corners Property Trust Inc, purchase 9,000 shares at $22.05 during a trade that took place back on Nov 06 ’23, which means that Lenehan William H is holding 568,443 shares at $198,450 based on the most recent closing price.
Stock Fundamentals for FCPT
Current profitability levels for the company are sitting at:
- 0.52 for the present operating margin
- 0.79 for the gross margin
The net margin for Four Corners Property Trust Inc stands at 0.38. The total capital return value is set at 0.05. Equity return is now at value 7.97, with 4.10 for asset returns.
Based on Four Corners Property Trust Inc (FCPT), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 0.88. The interest coverage ratio of the stock is 7.74.
Currently, EBITDA for the company is 158.96 million with net debt to EBITDA at 8.27. When we switch over and look at the enterprise to sales, we see a ratio of 12.76. The receivables turnover for the company is 3.68for trailing twelve months and the total asset turnover is 0.1.
Conclusion
In conclusion, Four Corners Property Trust Inc (FCPT) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
