Versor Investments LP Purchases 9,800 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

Versor Investments LP lifted its holdings in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 74.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 23,000 shares of the financial services provider's stock after purchasing an additional 9,800 shares during the quarter. Versor Investments LP's holdings in Four Corners Property Trust were worth $624,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Truvestments Capital LLC bought a new position in Four Corners Property Trust during the 3rd quarter worth about $51,000. Eagle Bay Advisors LLC lifted its stake in Four Corners Property Trust by 25.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider's stock valued at $58,000 after acquiring an additional 425 shares in the last quarter. KBC Group NV boosted its position in Four Corners Property Trust by 50.4% during the 4th 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Four Corners Property Trust by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,570 shares of the financial services provider's stock worth $106,000 after acquiring an additional 921 shares in the last quarter. Finally, Vestcor Inc acquired a new stake in shares of Four Corners Property Trust in the third quarter valued at approximately $109,000. 98.66% of the stock is currently owned by institutional investors and hedge funds.

Four Corners Property Trust Stock Performance

Shares of FCPT stock traded down $0.21 during midday trading on Tuesday, hitting $28.81. 756,355 shares of the company were exchanged, compared to its average volume of 595,301. Four Corners Property Trust, Inc. has a 52 week low of $22.38 and a 52 week high of $30.93. The firm has a market capitalization of $2.88 billion, a P/E ratio of 26.93 and a beta of 1.14. The firm's 50 day moving average price is $27.65 and its two-hundred day moving average price is $28.33. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.11.

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

Analyst Ratings Changes

Several research analysts recently commented on the stock. Barclays reduced their target price on shares of Four Corners Property Trust from $31.00 to $30.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. JMP Securities reiterated a "market perform" rating on shares of Four Corners Property Trust in a research note on Thursday, February 13th. Finally, UBS Group initiated 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 on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company 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.