Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Bought by Yousif Capital Management LLC

Yousif Capital Management LLC boosted its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,611 shares of the financial services provider’s stock after buying an additional 600 shares during the quarter. Yousif Capital Management LLC’s holdings in Four Corners Property Trust were worth $994,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FCPT. Creative Planning grew its position 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 purchasing an additional 3,315 shares during the period. Thrivent Financial for Lutherans grew its position 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 purchasing an additional 20,028 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position 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 purchasing an additional 108,345 shares during the period. SG Americas Securities LLC grew its position 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 purchasing an additional 4,708 shares during the period. Finally, Geode Capital Management LLC grew its position 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 purchasing an additional 27,552 shares during the period. Institutional investors and hedge funds own 98.66% of the company’s stock.

Four Corners Property Trust Stock Performance

NYSE:FCPT opened at $27.79 on Friday. The company’s 50-day moving average price is $27.64 and its 200-day moving average price is $28.23. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38. The company has a market cap of $2.69 billion, a P/E ratio of 25.97 and a beta of 1.14. Four Corners Property Trust, Inc. has a twelve month low of $22.38 and a twelve month high of $30.93.

Four Corners Property Trust (NYSE:FCPT) last issued its earnings results on Wednesday, February 12th. The financial services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.16. Four Corners Property Trust had a net margin of 37.27% and a return on equity of 7.68%. On average, sell-side analysts forecast that Four Corners Property Trust, Inc. will post 1.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Barclays dropped their target price on shares of Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a research report on Thursday. Finally, 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 price target on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.