State of Alaska Department of Revenue Has $2.75 Million Stock Holdings in Four Corners Property Trust, Inc. (NYSE:FCPT)

State of Alaska Department of Revenue lifted its position in Four Corners Property Trust, Inc. (NYSE:FCPT) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,169 shares of the financial services provider’s stock after buying an additional 3,983 shares during the quarter. State of Alaska Department of Revenue owned about 0.10% of Four Corners Property Trust worth $2,745,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC lifted its position in Four Corners Property Trust by 30.6% during the 3rd quarter. FMR LLC now owns 13,930,746 shares of the financial services provider’s stock worth $408,310,000 after acquiring an additional 3,268,064 shares during the last quarter. Heitman Real Estate Securities LLC acquired a new position in shares of Four Corners Property Trust during the 3rd quarter worth about $24,863,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Four Corners Property Trust by 539.6% during the 3rd 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 period. Bank of Montreal Can grew its holdings in Four Corners Property Trust by 1,867.7% in the 3rd quarter. Bank of Montreal Can now owns 228,987 shares of the financial services provider’s stock valued at $6,771,000 after buying an additional 217,350 shares during the last quarter. Finally, Jane Street Group LLC increased its position in Four Corners Property Trust by 212.5% in the 3rd quarter. Jane Street Group LLC now owns 255,275 shares of the financial services provider’s stock worth $7,482,000 after buying an additional 173,598 shares during the period. 98.66% of the stock is currently owned by institutional investors and hedge funds.

Four Corners Property Trust Stock Down 0.3 %

Shares of FCPT stock opened at $27.92 on Monday. Four Corners Property Trust, Inc. has a one year low of $22.38 and a one year high of $30.93. 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 stock has a fifty day moving average price of $27.75 and a 200 day moving average price of $28.22. The stock has a market cap of $2.70 billion, a P/E ratio of 26.09 and a beta of 1.14.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on FCPT shares. Barclays reduced 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. UBS Group started coverage on shares of Four Corners Property Trust in a report on Thursday, November 14th. They issued a “buy” rating and a $33.00 price target for the company. Finally, JMP Securities restated a “market perform” rating on shares of Four Corners Property Trust in a report on Tuesday, December 10th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.