Mirae Asset Global Investments Co. Ltd. Lowers Position in Four Corners Property Trust, Inc. (NYSE:FCPT)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 27.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,586 shares of the financial services provider’s stock after selling 984 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Four Corners Property Trust were worth $71,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. FMR LLC boosted its stake in Four Corners Property Trust by 30.6% in the third quarter. FMR LLC now owns 13,930,746 shares of the financial services provider’s stock worth $408,310,000 after buying an additional 3,268,064 shares in the last quarter. Heitman Real Estate Securities LLC purchased a new stake in shares of Four Corners Property Trust in the 3rd quarter valued at $24,863,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Four Corners Property Trust by 539.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 687,318 shares of the financial services provider’s stock valued at $20,145,000 after purchasing an additional 579,849 shares during the last quarter. Bank of Montreal Can raised its position in Four Corners Property Trust by 1,867.7% in the 3rd quarter. Bank of Montreal Can now owns 228,987 shares of the financial services provider’s stock worth $6,771,000 after purchasing an additional 217,350 shares during the period. Finally, Jane Street Group LLC lifted its stake in Four Corners Property Trust by 212.5% in the third quarter. Jane Street Group LLC now owns 255,275 shares of the financial services provider’s stock worth $7,482,000 after purchasing an additional 173,598 shares during the last quarter. 98.66% of the stock is currently owned by institutional investors.

Four Corners Property Trust Stock Down 2.2 %

Shares of NYSE FCPT opened at $27.79 on Friday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38. Four Corners Property Trust, Inc. has a 12 month low of $22.38 and a 12 month high of $30.93. The firm has a fifty day simple moving average of $27.64 and a two-hundred day simple moving average of $28.23. The firm has a market capitalization of $2.69 billion, a PE ratio of 25.97 and a beta of 1.14.

Four Corners Property Trust (NYSE:FCPT) last announced its 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 return on equity of 7.68% and a net margin of 37.27%. Equities analysts expect that Four Corners Property Trust, Inc. will post 1.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Barclays decreased 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 research note on Tuesday, February 4th. JMP Securities reaffirmed a “market perform” rating on shares of Four Corners Property Trust in a research note on Thursday. Finally, UBS Group began coverage on shares of Four Corners Property Trust in a report on Thursday, November 14th. They set a “buy” rating and a $33.00 price target for the company. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.40.

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.