Kestra Investment Management LLC Has $565,000 Stake in Four Corners Property Trust, Inc. (NYSE:FCPT)

Kestra Investment Management LLC increased its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 98.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,800 shares of the financial services provider's stock after acquiring an additional 10,294 shares during the quarter. Kestra Investment Management LLC's holdings in Four Corners Property Trust were worth $565,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Sanctuary Advisors LLC lifted its stake in shares of Four Corners Property Trust by 26.4% during the fourth quarter. Sanctuary Advisors LLC now owns 35,353 shares of the financial services provider's stock valued at $978,000 after acquiring an additional 7,386 shares during the period. Principal Financial Group Inc. increased its holdings in Four Corners Property Trust by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 1,822,422 shares of the financial services provider's stock valued at $49,463,000 after purchasing an additional 48,319 shares during the last quarter. Rhumbline Advisers increased its holdings in Four Corners Property Trust by 2.2% in the fourth quarter. Rhumbline Advisers now owns 319,567 shares of the financial services provider's stock valued at $8,673,000 after purchasing an additional 6,931 shares during the last quarter. Van ECK Associates Corp increased its holdings in Four Corners Property Trust by 16.2% in the fourth quarter. Van ECK Associates Corp now owns 18,327 shares of the financial services provider's stock valued at $497,000 after purchasing an additional 2,560 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in Four Corners Property Trust by 4.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 46,800 shares of the financial services provider's stock valued at $1,270,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 98.66% of the company's stock.

Four Corners Property Trust Stock Up 0.8 %

Shares of NYSE:FCPT traded up $0.24 during mid-day trading on Friday, reaching $27.95. 807,863 shares of the stock were exchanged, compared to its average volume of 501,731. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.36. The company has a market cap of $2.79 billion, a P/E ratio of 26.12 and a beta of 1.14. Four Corners Property Trust, Inc. has a one year low of $22.38 and a one year high of $30.93. The stock's 50 day simple moving average is $27.53 and its 200-day simple moving average is $28.24.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share (EPS) 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, equities research analysts predict that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. JMP Securities reiterated a "market perform" rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. UBS Group assumed coverage on Four Corners Property Trust in a report on Thursday, November 14th. They issued a "buy" rating and a $33.00 price objective for the company. Finally, Barclays dropped their price objective on 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $30.40.

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.