Victory Capital Management Inc. reduced its position in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 12.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,858,904 shares of the financial services provider's stock after selling 542,458 shares during the period. Victory Capital Management Inc. owned about 3.99% of Four Corners Property Trust worth $104,731,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its holdings in Four Corners Property Trust by 6.1% in the third quarter. Thrivent Financial for Lutherans now owns 349,221 shares of the financial services provider's stock worth $10,236,000 after purchasing an additional 20,028 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Four Corners Property Trust by 91.2% during the 4th quarter. SG Americas Securities LLC now owns 9,872 shares of the financial services provider's stock valued at $268,000 after acquiring an additional 4,708 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Four Corners Property Trust by 211.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 159,630 shares of the financial services provider's stock valued at $4,679,000 after acquiring an additional 108,345 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Four Corners Property Trust by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,357,175 shares of the financial services provider's stock valued at $69,101,000 after acquiring an additional 27,552 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in Four Corners Property Trust by 21.0% in the 3rd quarter. Citigroup Inc. now owns 201,872 shares of the financial services provider's stock worth $5,917,000 after purchasing an additional 35,059 shares during the last quarter. 98.66% of the stock is owned by hedge funds and other institutional investors.
Four Corners Property Trust Stock Performance
Shares of Four Corners Property Trust stock traded up $0.51 during midday trading on Friday, hitting $29.31. The company had a trading volume of 778,424 shares, compared to its average volume of 615,748. 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 $27.76 and its two-hundred day simple moving average is $28.37. The stock has a market cap of $2.93 billion, a PE ratio of 27.39 and a beta of 1.16. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11.
Four Corners Property Trust (NYSE:FCPT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping 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 analysts predict that Four Corners Property Trust, Inc. will post 1.68 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have commented on the company. 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 report on Tuesday, February 4th. UBS Group started coverage on shares of Four Corners Property Trust in a research note on Thursday, November 14th. They issued a "buy" rating and a $33.00 target price on the stock. Finally, JMP Securities reissued a "market perform" rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $30.40.
View Our Latest Research Report on FCPT
Four Corners Property Trust Profile
(
Free Report)
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.
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