Short Interest in Four Corners Property Trust, Inc. (NYSE:FCPT) Drops By 9.7%

Four Corners Property Trust, Inc. (NYSE:FCPT - Get Free Report) saw a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 3,990,000 shares, a drop of 9.7% from the January 15th total of 4,420,000 shares. Based on an average daily trading volume, of 610,000 shares, the days-to-cover ratio is presently 6.5 days.

Institutional Trading of Four Corners Property Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its holdings in Four Corners Property Trust by 234.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider's stock worth $32,000 after acquiring an additional 817 shares during the period. Smartleaf Asset Management LLC grew its holdings in Four Corners Property Trust by 165.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the financial services provider's stock worth $38,000 after acquiring an additional 860 shares during the period. VSM Wealth Advisory LLC acquired a new stake in Four Corners Property Trust during the fourth quarter worth about $39,000. GF Fund Management CO. LTD. acquired a new stake in Four Corners Property Trust during the fourth quarter worth about $46,000. Finally, Synergy Investment Management LLC acquired a new stake in Four Corners Property Trust during the fourth quarter worth about $48,000. 98.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Four Corners Property Trust Stock Performance

Shares of FCPT stock traded up $0.24 during mid-day trading on Friday, reaching $27.95. The stock had a trading volume of 807,863 shares, compared to its average volume of 501,731. The business's fifty day moving average is $27.52 and its 200-day moving average is $28.25. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 26.12 and a beta of 1.14. Four Corners Property Trust has a 1-year low of $22.38 and a 1-year high of $30.93.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share for the quarter, beating 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%. On average, research analysts forecast that Four Corners Property Trust will post 1.68 earnings per share for the current year.

About Four Corners Property Trust

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.