Four Corners Property Trust Inc. (NYSE:FCPT) currently has a daily average trading volume of 419.20K but it saw 764298 shares traded on Wednesday. With a market cap of 2.25B USD, stock’s current market price of $25.75 came falling about -0.43 while comparing to the previous closing price of $25.86. In past 52 weeks, the stock remained buoying in the range of price level as high as $29.40 and as low as $22.67. In the recent trading on the day, stock has struck highest price mark of $25.95 while lowest mark touched by it was $25.60.
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Taking a look at 20-day trading activity of Four Corners Property Trust Inc. (FCPT) gives us an average price of $25.72, while its current price level is -12.42% below from 52-week high level whereas it is 13.56% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $25.99 while that of 200 days or SMA-200 reads an average of $26.58. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.71% during that period while stretching the period over a month that increases to 1.81%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 48.22 which implies that the stock is in neutral territory.
Four Corners Property Trust Inc. (FCPT)’s stock is currently under the radar of 7 analysts who are in consensus at a 12-month price target range of between $27.00 and $29.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $27.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $29.00. Average price target assigned by them is $28.00 which highlights an upside potential of 8.04% for the stock over that period. And to attain the median price target of $28.00 assigned by those analysts, stock has to add about 8.04% of value to its current levels.
Data by FactSet Research shows that 7 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 2 are advising it as an Overweight. 0 analysts suggested the investors to Buy the stock while 5 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, FCPT’s stock price is moving -0.39% down while it is 1.74% when we observe its performance for the past one month. Year-to-date it is -0.69% down and over the past year, the stock is showing a downside performance of -1.92%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.27 beat the consensus estimate of $0.27 for the same. The company is expected to be releasing its next quarterly report in 08/02/2023, for which analysts forecasted an EPS of $0.26 while estimate for next year EPS is $1.07. For FCPT, analysts are forecasting an EPS-growth rate of -10.80% for current year and estimate for EPS growth in next year is 1.90%. In next quarter, company is expected to be making quarterly sales of $61.5 million as analysts are expecting the sales for current fiscal year at $245.1 million and seeing the company making $261.79 million in sales next year. Moreover, analysts are in estimates of $61.05 million for current-quarter revenue.
Currently, Four Corners Property Trust Inc.’s total number of outstanding shares is 85.83M with 1.06% of that held by the insiders while 98.24% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 5.90% and return on equity (ROE) at 9.10%. It has a price to earnings ratio (P/E ratio) of 21.68 while having a 22.99 of forward P/E ratio. Stock’s beta reads 0.93. Stock has a price to book (P/B) ratio of 1.96 while price to sale or P/S ratio amounts to 9.84. Its return on asset (ROA) is 4.60% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Small Cap ETF came shrinking its share ownership by -0.14% in the Four Corners Property Trust Inc. (FCPT) decreasing its stake to 7.06% with control over 8432.0 shares in the company. As per SEC documents, iShares Core S&P Small Cap ETF shunned 6,078,544 of company’s common stock of worth $155.06 million as per recent closing price of the stock. iShares Core S&P Small Cap ETF is not the only institutional holder which restructured its stake in Four Corners Property Trust Inc., as Vanguard Real Estate Index Fund dumped 3,686,303 shares of worth $94.04 million to bring its holdings to a total of 9610.0 shares. In the most recent quarter, Victory Sycamore Small Company Op came rising its stake by 10.99% in the company and now holds 3.23 million or 3.76% of the company’s stake having worth of about 82.52 million.
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