Louisiana State Employees Retirement System Increases Holdings in Four Corners Property Trust, Inc. (NYSE:FCPT)

Louisiana State Employees Retirement System raised its position in Four Corners Property Trust, Inc. (NYSE:FCPT) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,800 shares of the financial services provider’s stock after buying an additional 2,000 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Four Corners Property Trust were worth $1,270,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. FMR LLC increased its position in shares of 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 purchasing an additional 3,268,064 shares during the last quarter. Geode Capital Management LLC lifted its position in 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 last quarter. Principal Financial Group Inc. raised its holdings in Four Corners Property Trust by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,774,103 shares of the financial services provider’s stock valued at $51,996,000 after buying an additional 102,662 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Four Corners Property Trust by 4.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,518,075 shares of the financial services provider’s stock valued at $44,495,000 after acquiring an additional 63,856 shares during the last quarter. Finally, Boston Trust Walden Corp raised its position in Four Corners Property Trust by 9.5% during the 3rd quarter. Boston Trust Walden Corp now owns 1,332,684 shares of the financial services provider’s stock valued at $39,061,000 after purchasing an additional 115,924 shares during the last quarter. Hedge funds and other institutional investors own 98.66% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. JMP Securities reaffirmed a “market perform” rating on shares of Four Corners Property Trust in a research report on Thursday. Barclays decreased their price objective on shares of 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, UBS Group started coverage on shares of Four Corners Property Trust in a research note on Thursday, November 14th. They set a “buy” rating and a $33.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.40.

Four Corners Property Trust Trading Down 2.2 %

Shares of FCPT stock opened at $27.79 on Monday. Four Corners Property Trust, Inc. has a 1 year low of $22.38 and a 1 year high of $30.93. The firm has a fifty day moving average price of $27.64 and a 200-day moving average price of $28.24. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.17 and a quick ratio of 0.17. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 25.97 and a beta of 1.14.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating 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, equities analysts predict that Four Corners Property Trust, Inc. will post 1.62 earnings per share for the current year.

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.