Short Interest in Four Corners Property Trust, Inc. (NYSE:FCPT) Drops By 9.7%

Four Corners Property Trust, Inc. (NYSE:FCPT) saw a large drop in short interest in January. As of January 31st, there was short interest totalling 3,990,000 shares, a drop of 9.7% from the January 15th total of 4,420,000 shares. Based on an average trading volume of 610,000 shares, the short-interest ratio is presently 6.5 days.

Four Corners Property Trust Stock Performance

Shares of NYSE FCPT opened at $27.78 on Wednesday. Four Corners Property Trust has a 1 year low of $22.38 and a 1 year high of $30.93. The firm has a market cap of $2.69 billion, a P/E ratio of 25.96 and a beta of 1.14. The stock has a fifty day moving average price of $27.61 and a two-hundred day moving average price of $28.25. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 0.17.

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 for the quarter, beating 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%. Research analysts forecast that Four Corners Property Trust will post 1.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FCPT has been the topic of several research analyst reports. 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 on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Finally, Barclays lowered 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.40.

Hedge Funds Weigh In On Four Corners Property Trust

Hedge funds have recently made changes to their positions in the business. FMR LLC boosted its holdings in Four Corners Property Trust by 30.6% during 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. Zimmer Partners LP bought a new stake in shares of Four Corners Property Trust during the 4th quarter worth $38,512,000. Heitman Real Estate Securities LLC acquired a new stake in shares of Four Corners Property Trust during the third quarter worth $24,863,000. Balyasny Asset Management L.P. acquired a new stake in shares of Four Corners Property Trust during the fourth quarter worth $18,084,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Four Corners Property Trust by 539.6% during the third 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. Institutional investors and hedge funds own 98.66% of the company’s stock.

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.