Mutual of America Capital Management LLC Has $398,000 Stock Position in Four Corners Property Trust, Inc. (NYSE:FCPT)

Mutual of America Capital Management LLC lifted its stake in Four Corners Property Trust, Inc. (NYSE:FCPT) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,653 shares of the financial services provider’s stock after purchasing an additional 715 shares during the period. Mutual of America Capital Management LLC’s holdings in Four Corners Property Trust were worth $398,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Truvestments Capital LLC bought a new position in Four Corners Property Trust in the third quarter valued at approximately $51,000. Eagle Bay Advisors LLC grew 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 worth $58,000 after buying an additional 425 shares during the period. KBC Group NV grew its holdings in shares of Four Corners Property Trust by 50.4% in the 4th quarter. KBC Group NV now owns 3,702 shares of the financial services provider’s stock valued at $100,000 after buying an additional 1,240 shares during the period. Vestcor Inc bought a new stake in shares of Four Corners Property Trust in the third quarter worth about $109,000. Finally, GAMMA Investing LLC raised its position in shares of Four Corners Property Trust by 24.3% during the fourth quarter. GAMMA Investing LLC now owns 5,226 shares of the financial services provider’s stock worth $142,000 after purchasing an additional 1,021 shares during the period. Institutional investors own 98.66% of the company’s stock.

Four Corners Property Trust Stock Up 1.8 %

Shares of FCPT opened at $29.31 on Monday. The firm’s 50-day simple moving average is $27.76 and its 200 day simple moving average is $28.39. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market cap of $2.93 billion, a P/E ratio of 27.39 and a beta of 1.16. Four Corners Property Trust, Inc. has a 52 week low of $22.38 and a 52 week high of $30.93.

Four Corners Property Trust (NYSE:FCPT) last released its quarterly 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 37.48% and a return on equity of 7.54%. On average, analysts forecast that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays decreased their price objective on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. JMP Securities reissued a “market perform” rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Finally, UBS Group assumed 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.