Four Corners Property Trust, Inc. (NYSE:FCPT) Position Increased by Versor Investments LP

Versor Investments LP raised its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 74.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,000 shares of the financial services provider’s stock after purchasing an additional 9,800 shares during the period. Versor Investments LP’s holdings in Four Corners Property Trust were worth $624,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new stake in Four Corners Property Trust during the third quarter valued at $51,000. Eagle Bay Advisors LLC increased 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 valued at $58,000 after purchasing an additional 425 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Four Corners Property Trust by 34.8% during 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 purchasing an additional 921 shares during the last quarter. KBC Group NV increased 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 valued at $100,000 after purchasing an additional 1,240 shares during the last quarter. Finally, Vestcor Inc bought a new stake in Four Corners Property Trust during the third quarter valued at $109,000. Institutional investors own 98.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FCPT. UBS Group began coverage on shares of Four Corners Property Trust in a research report on Thursday, November 14th. They set a “buy” rating and a $33.00 price target for the company. Barclays lowered their price target on shares of Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Finally, JMP Securities restated a “market perform” rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.40.

Four Corners Property Trust Stock Performance

FCPT stock opened at $28.79 on Friday. The company has a market capitalization of $2.88 billion, a P/E ratio of 26.90 and a beta of 1.14. The company has a 50-day simple moving average of $27.58 and a 200 day simple moving average of $28.29. Four Corners Property Trust, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $30.93. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.36.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings data 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 37.48% and a return on equity of 7.54%. Sell-side analysts predict that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current fiscal 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.