Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its position in Four Corners Property Trust, Inc. (NYSE:FCPT) by 0.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 251,301 shares of the financial services provider’s stock after purchasing an additional 465 shares during the period. Asset Management One Co. Ltd. owned approximately 0.26% of Four Corners Property Trust worth $6,898,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FCPT. Truvestments Capital LLC acquired a new stake in shares of Four Corners Property Trust during the 3rd quarter valued at $51,000. Eagle Bay Advisors LLC lifted its position in shares of Four Corners Property Trust by 25.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 425 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Four Corners Property Trust by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,570 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 921 shares during the last quarter. KBC Group NV lifted its position in shares of Four Corners Property Trust by 50.4% during the 4th quarter. KBC Group NV now owns 3,702 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 1,240 shares during the last quarter. Finally, Vestcor Inc acquired a new stake in shares of Four Corners Property Trust during the 3rd quarter valued at $109,000. 98.66% of the stock is currently owned by institutional investors and hedge funds.

Four Corners Property Trust Trading Down 2.2 %

NYSE FCPT opened at $27.79 on Tuesday. 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 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $2.69 billion, a PE ratio of 25.97 and a beta of 1.14. The firm’s fifty day simple moving average is $27.61 and its 200-day simple moving average is $28.25.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share 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%. As a group, sell-side analysts anticipate that Four Corners Property Trust, Inc. will post 1.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FCPT shares. UBS Group started coverage on Four Corners Property Trust in a report on Thursday, November 14th. They issued a “buy” rating and a $33.00 target price for the company. Barclays reduced their target price 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. Finally, JMP Securities restated a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Three investment 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, Four Corners Property Trust currently has an average rating of “Moderate Buy” and a consensus target price of $30.40.

Four Corners Property Trust 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.