Illinois Municipal Retirement Fund Has $1.35 Million Stock Holdings in Four Corners Property Trust, Inc. (NYSE:FCPT)

Illinois Municipal Retirement Fund grew its position in Four Corners Property Trust, Inc. (NYSE:FCPT) by 9.9% during the 4th quarter, Holdings Channel reports. The firm owned 49,888 shares of the financial services provider’s stock after purchasing an additional 4,507 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Four Corners Property Trust were worth $1,354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FCPT. Creative Planning raised its holdings in shares of Four Corners Property Trust by 13.3% in the third quarter. Creative Planning now owns 28,159 shares of the financial services provider’s stock valued at $825,000 after buying an additional 3,315 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of 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 valued at $10,236,000 after buying an additional 20,028 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Four Corners Property Trust by 91.2% in the fourth quarter. SG Americas Securities LLC now owns 9,872 shares of the financial services provider’s stock valued at $268,000 after buying an additional 4,708 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Four Corners Property Trust by 211.3% in the third 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 buying an additional 108,345 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Four Corners Property Trust by 1.2% in the third quarter. Geode Capital Management LLC now owns 2,357,175 shares of the financial services provider’s stock valued at $69,101,000 after buying an additional 27,552 shares during the last quarter. Institutional investors and hedge funds own 98.66% of the company’s stock.

Four Corners Property Trust Stock Performance

Shares of NYSE:FCPT opened at $28.79 on Friday. The stock has a market capitalization of $2.88 billion, a P/E ratio of 26.90 and a beta of 1.14. Four Corners Property Trust, Inc. has a 1-year low of $22.38 and a 1-year high of $30.93. 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 business has a 50-day moving average price of $27.62 and a two-hundred day moving average price of $28.30.

Four Corners Property Trust (NYSE:FCPT) last announced 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 return on equity of 7.54% and a net margin of 37.48%. Equities analysts predict that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FCPT has been the subject of a number of research analyst reports. Barclays cut their price target 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. 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 target for the company. Finally, JMP Securities reissued a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Four Corners Property Trust currently has an average rating of “Moderate Buy” and a consensus 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.