This is What Makes Four Corners Property Trust Inc. Stocks A Gamechanger?

Four Corners Property Trust Inc. [FCPT] stock is trading at $26.90, up 0.11%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FCPT shares have gain 0.34% over the last week, with a monthly amount drifted -4.64%, and not seem to be holding up well over a long-time horizon.

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On 14, March 2023, FCPT Announces Acquisition of an Aspen Dental for $1.9 million. In a post published today on Yahoo Finance, Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of an Aspen Dental property for $1.9 million. The property is located in a strong retail corridor in New Mexico and is corporate-operated. The transaction was priced at a cap rate in range with previous FCPT transactions.

From an analyst’s perspective:

Four Corners Property Trust Inc. [NYSE: FCPT] stock has seen the most recent analyst activity on November 21, 2022, when Evercore ISI downgraded its rating to a In-line but kept the price target unchanged to $28 for it. On August 02, 2022, downgrade downgraded it’s rating to Hold and revised its price target to $30 on the stock. Janney downgraded its rating to a Neutral but stick to its price target of $30 on August 01, 2022. Credit Suisse initiated its recommendation with a Neutral and recommended $26 as its price target on June 23, 2022. Raymond James downgraded its rating to Outperform for this stock on August 18, 2021, and downed its price target to $30.

Four Corners Property Trust Inc. [FCPT] stock has fluctuated between $22.67 and $30.13 over the past year. Currently, Wall Street analysts expect the stock to reach $28.17 within the next 12 months. Four Corners Property Trust Inc. [NYSE: FCPT] shares were valued at $26.90 at the most recent close of the market. An investor can expect a potential return of 4.72% based on the average FCPT price forecast.

Analyzing the FCPT fundamentals

Four Corners Property Trust Inc. [NYSE:FCPT] reported sales of 57.36 billion for the most recent quarter, which represents a growth of 8.90%. Gross Margin for this corporation currently stands at +65.37% with Operating Margin at +56.39%, Pretax Margin comes in at +43.97%, and Net Margin reading is +43.81%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 26.46 points at the first support level, and at 26.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.25, and for the 2nd resistance point, it is at 27.59.

Four Corners Property Trust Inc. [FCPT] reported earnings per share of $0.3 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.28/share, meaning a difference of $0.02 and a surprise factor of 7.10%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $0.35 per share as compared to estimates of $0.29 per share, a difference of $0.06 representing a surprise of 20.70%.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 9.50, the price to book ratio is 1.95 and the P/E (TTM) ratio is 22.47.

Transactions by insiders

In the past 3 months, 27 insiders have purchased 175,987 shares, and 4 have sold 69,461 shares. Recent insider trading involved Lenehan William H, President and CEO, that happened on Dec 16 when 9625.0 shares were purchased. Director, HANSEN DOUGLAS B completed a deal on Mar 29 to buy 1000.0 shares. Meanwhile, Director HANSEN DOUGLAS B sold 1000.0 shares on Mar 29.