Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Sold by B&I Capital AG

B&I Capital AG lowered its position in Four Corners Property Trust, Inc. (NYSE:FCPT) by 9.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 162,600 shares of the financial services provider’s stock after selling 17,400 shares during the quarter. Four Corners Property Trust comprises approximately 1.3% of B&I Capital AG’s investment portfolio, making the stock its 23rd biggest holding. B&I Capital AG’s holdings in Four Corners Property Trust were worth $4,011,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC increased its position in Four Corners Property Trust by 25,000.0% in the 1st quarter. Larson Financial Group LLC now owns 1,004 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,000 shares during the period. Eagle Bay Advisors LLC raised its stake in shares of Four Corners Property Trust by 66.7% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,500 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 600 shares in the last quarter. Covestor Ltd lifted its holdings in Four Corners Property Trust by 23.2% in the first quarter. Covestor Ltd now owns 2,493 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 470 shares during the period. Blue Trust Inc. grew its position in Four Corners Property Trust by 1,469.1% in the 2nd quarter. Blue Trust Inc. now owns 3,703 shares of the financial services provider’s stock valued at $91,000 after buying an additional 3,467 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in Four Corners Property Trust by 85.3% in the fourth quarter. Quadrant Capital Group LLC now owns 7,289 shares of the financial services provider’s stock worth $184,000 after purchasing an additional 3,355 shares during the period. Institutional investors own 98.66% of the company’s stock.

Insider Activity

In related news, Director John S. Moody sold 7,230 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $24.56, for a total transaction of $177,568.80. Following the completion of the sale, the director now directly owns 61,108 shares in the company, valued at $1,500,812.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on FCPT shares. Evercore ISI boosted their price objective on Four Corners Property Trust from $26.00 to $28.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a research report on Wednesday, August 28th. Raymond James raised their price objective on shares of Four Corners Property Trust from $27.00 to $29.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Finally, Wells Fargo & Company raised shares of Four Corners Property Trust to a “strong-buy” rating in a research note on Monday, August 12th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $27.00.

Four Corners Property Trust Price Performance

Shares of FCPT opened at $29.59 on Tuesday. The business’s 50-day moving average is $26.98 and its 200-day moving average is $25.13. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.13 and a quick ratio of 0.13. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 27.65 and a beta of 1.10. Four Corners Property Trust, Inc. has a fifty-two week low of $20.51 and a fifty-two week high of $29.69.

Four Corners Property Trust (NYSE:FCPT) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.14). Four Corners Property Trust had a net margin of 37.01% and a return on equity of 7.72%. The company had revenue of $66.48 million during the quarter, compared to analyst estimates of $63.70 million. During the same quarter in the prior year, the company posted $0.42 EPS. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities research analysts expect that Four Corners Property Trust, Inc. will post 1.66 EPS for the current fiscal year.

About Four Corners Property Trust

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.