Ieq Capital LLC Acquires 1,017 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

Ieq Capital LLC grew its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 12.3% during the fourth quarter, Holdings Channel reports. The firm owned 9,264 shares of the financial services provider’s stock after purchasing an additional 1,017 shares during the period. Ieq Capital LLC’s holdings in Four Corners Property Trust were worth $251,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FCPT. Eagle Bay Advisors LLC increased its position in Four Corners Property Trust by 25.0% during the fourth 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 last quarter. Verdence Capital Advisors LLC increased its holdings in shares of Four Corners Property Trust by 4.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 12,298 shares of the financial services provider’s stock valued at $360,000 after acquiring an additional 527 shares during the last quarter. Yousif Capital Management LLC raised its stake in shares of Four Corners Property Trust by 1.7% in the 4th quarter. Yousif Capital Management LLC now owns 36,611 shares of the financial services provider’s stock valued at $994,000 after acquiring an additional 600 shares in the last quarter. MML Investors Services LLC lifted its holdings in Four Corners Property Trust by 5.6% in the 3rd quarter. MML Investors Services LLC now owns 11,881 shares of the financial services provider’s stock worth $348,000 after purchasing an additional 635 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Four Corners Property Trust by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,570 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 921 shares during the period. Institutional investors and hedge funds own 98.66% of the company’s stock.

Four Corners Property Trust Trading Up 1.0 %

Shares of FCPT stock opened at $28.79 on Friday. The firm has a market capitalization of $2.88 billion, a P/E ratio of 26.90 and a beta of 1.14. Four Corners Property Trust, Inc. has a 1 year low of $22.38 and a 1 year high of $30.93. The firm’s fifty day simple moving average is $27.58 and its 200 day simple moving average is $28.29. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36.

Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.44 EPS for the quarter, beating 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%. As a group, sell-side analysts predict that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Analysts Set New Price Targets

FCPT has been the topic of a number of recent analyst reports. UBS Group initiated coverage on shares of Four Corners Property Trust in a research report on Thursday, November 14th. They issued a “buy” rating and a $33.00 price target on the stock. Barclays dropped their target price on shares of Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating on the stock 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 issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.