Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its stake in Four Corners Property Trust, Inc. (NYSE:FCPT) by 12.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,858,904 shares of the financial services provider’s stock after selling 542,458 shares during the quarter. Victory Capital Management Inc. owned 3.99% of Four Corners Property Trust worth $104,731,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Eagle Bay Advisors LLC increased its stake in shares of Four Corners Property Trust by 25.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 425 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Four Corners Property Trust by 1.0% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 45,170 shares of the financial services provider’s stock worth $1,226,000 after buying an additional 469 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in 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 worth $360,000 after buying an additional 527 shares in the last quarter. Yousif Capital Management LLC increased its stake in Four Corners Property Trust by 1.7% during the 4th quarter. Yousif Capital Management LLC now owns 36,611 shares of the financial services provider’s stock worth $994,000 after buying an additional 600 shares in the last quarter. Finally, MML Investors Services LLC increased its stake in Four Corners Property Trust by 5.6% during the 3rd quarter. MML Investors Services LLC now owns 11,881 shares of the financial services provider’s stock worth $348,000 after buying an additional 635 shares in the last quarter. Institutional investors and hedge funds own 98.66% of the company’s stock.

Four Corners Property Trust Stock Performance

Shares of FCPT stock opened at $28.99 on Thursday. Four Corners Property Trust, Inc. has a 12 month low of $22.38 and a 12 month high of $30.93. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market capitalization of $2.90 billion, a P/E ratio of 27.10 and a beta of 1.16. The company’s fifty day moving average price is $27.67 and its two-hundred day moving average price is $28.34.

Four Corners Property Trust (NYSE:FCPT) last released its earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate 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, research analysts anticipate that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on FCPT shares. UBS Group started coverage on Four Corners Property Trust in a research note on Thursday, November 14th. They set a “buy” rating and a $33.00 price objective for the company. JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Finally, Barclays decreased their price objective on 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.40.

About Four Corners Property Trust

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.