Cbre Investment Management Listed Real Assets LLC Sells 237,201 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

Cbre Investment Management Listed Real Assets LLC trimmed its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 22.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 823,201 shares of the financial services provider's stock after selling 237,201 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned about 0.85% of Four Corners Property Trust worth $22,342,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its position in Four Corners Property Trust by 6.1% during the third quarter. Thrivent Financial for Lutherans now owns 349,221 shares of the financial services provider's stock worth $10,236,000 after buying an additional 20,028 shares during the last quarter. SG Americas Securities LLC increased its position in Four Corners Property Trust by 91.2% during the fourth quarter. SG Americas Securities LLC now owns 9,872 shares of the financial services provider's stock worth $268,000 after buying an additional 4,708 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Four Corners Property Trust by 211.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 159,630 shares of the financial services provider's stock worth $4,679,000 after buying an additional 108,345 shares during the last quarter. Geode Capital Management LLC increased its position in Four Corners Property Trust by 1.2% during the third quarter. Geode Capital Management LLC now owns 2,357,175 shares of the financial services provider's stock worth $69,101,000 after buying an additional 27,552 shares during the last quarter. Finally, Citigroup Inc. increased its position in Four Corners Property Trust by 21.0% during the third quarter. Citigroup Inc. now owns 201,872 shares of the financial services provider's stock worth $5,917,000 after buying an additional 35,059 shares during the last quarter. 98.66% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FCPT shares. UBS Group started coverage on Four Corners Property Trust in a research report on Thursday, November 14th. They issued a "buy" rating and a $33.00 price target on the stock. JMP Securities reaffirmed a "market perform" rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Finally, Barclays lowered 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 research report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.40.

Four Corners Property Trust Stock Performance

Shares of NYSE:FCPT traded up $0.51 during midday trading on Friday, hitting $29.31. The company's stock had a trading volume of 778,424 shares, compared to its average volume of 615,748. Four Corners Property Trust, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $30.93. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 27.39 and a beta of 1.16. The stock's 50 day simple moving average is $27.76 and its 200 day simple moving average is $28.37. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.11.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last released its earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.16. Four Corners Property Trust had a return on equity of 7.54% and a net margin of 37.48%. As a group, research analysts anticipate that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current year.

Four Corners Property Trust Profile

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.