Entropy Technologies LP Buys Shares of 15,426 Four Corners Property Trust, Inc. (NYSE:FCPT)

Entropy Technologies LP bought a new position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,426 shares of the financial services provider's stock, valued at approximately $419,000.

Several other institutional investors and hedge funds have also bought and sold shares of FCPT. Truvestments Capital LLC bought a new position in Four Corners Property Trust during the third quarter worth $51,000. Eagle Bay Advisors LLC boosted its stake in Four Corners Property Trust by 25.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider's stock worth $58,000 after acquiring an additional 425 shares in the last quarter. KBC Group NV boosted its stake in Four Corners Property Trust by 50.4% during the fourth quarter. KBC Group NV now owns 3,702 shares of the financial services provider's stock worth $100,000 after acquiring an additional 1,240 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Four Corners Property Trust by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,570 shares of the financial services provider's stock valued at $106,000 after buying an additional 921 shares in the last quarter. Finally, Vestcor Inc bought a new position in shares of Four Corners Property Trust in the third quarter valued at $109,000. 98.66% of the stock is owned by institutional investors.

Four Corners Property Trust Stock Performance

NYSE FCPT traded down $0.62 during trading hours on Friday, reaching $27.79. 492,654 shares of the company were exchanged, compared to its average volume of 434,611. Four Corners Property Trust, Inc. has a 1 year low of $22.38 and a 1 year high of $30.93. The business's 50 day simple moving average is $27.64 and its 200-day simple moving average is $28.24. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $2.69 billion, a P/E ratio of 25.97 and a beta of 1.14.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last posted its earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.16. Four Corners Property Trust had a net margin of 37.27% and a return on equity of 7.68%. On average, equities research analysts expect that Four Corners Property Trust, Inc. will post 1.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FCPT shares. Barclays dropped their price objective on shares of Four Corners Property Trust from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 4th. JMP Securities reaffirmed a "market perform" rating on shares of Four Corners Property Trust in a research note on Thursday. Finally, UBS Group started coverage on shares of Four Corners Property Trust in a report on Thursday, November 14th. They issued a "buy" rating and a $33.00 target price for the company. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $30.40.

Four Corners Property Trust Company 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.