Four Corners Property Trust, Inc. (NYSE:FCPT) Short Interest Down 31.7% in January

Four Corners Property Trust, Inc. (NYSE:FCPT) was the target of a large decline in short interest in January. As of January 30th, there was short interest totaling 2,678,696 shares, a decline of 31.7% from the January 15th total of 3,923,409 shares. Based on an average daily trading volume, of 901,006 shares, the short-interest ratio is presently 3.0 days. Approximately 2.6% of the shares of the stock are short sold. Approximately 2.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 901,006 shares, the short-interest ratio is presently 3.0 days.

Four Corners Property Trust Trading Down 0.3%

NYSE FCPT traded down $0.08 during trading on Friday, hitting $24.35. 1,621,987 shares of the company’s stock traded hands, compared to its average volume of 814,841. The stock has a fifty day moving average of $23.98 and a two-hundred day moving average of $24.48. Four Corners Property Trust has a 12-month low of $22.78 and a 12-month high of $29.81. The firm has a market cap of $2.58 billion, a P/E ratio of 22.13 and a beta of 0.83. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.13 and a quick ratio of 0.12.

Four Corners Property Trust (NYSE:FCPT) last released its quarterly earnings data on Wednesday, February 11th. The financial services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.43 by $0.02. The firm had revenue of $75.67 million for the quarter, compared to the consensus estimate of $76.04 million. Four Corners Property Trust had a return on equity of 7.39% and a net margin of 38.20%.The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 earnings per share. As a group, sell-side analysts expect that Four Corners Property Trust will post 1.68 EPS for the current year.

Institutional Trading of Four Corners Property Trust

A number of institutional investors have recently made changes to their positions in FCPT. Parallel Advisors LLC increased its stake in shares of Four Corners Property Trust by 80.1% in the third quarter. Parallel Advisors LLC now owns 1,041 shares of the financial services provider’s stock worth $25,000 after buying an additional 463 shares during the period. Rye Brook Capital LLC grew its holdings in Four Corners Property Trust by 0.4% in the 3rd quarter. Rye Brook Capital LLC now owns 123,100 shares of the financial services provider’s stock worth $3,004,000 after acquiring an additional 500 shares during the last quarter. Arizona State Retirement System increased its position in shares of Four Corners Property Trust by 1.9% in the third quarter. Arizona State Retirement System now owns 29,730 shares of the financial services provider’s stock valued at $725,000 after acquiring an additional 554 shares during the period. Bank of Montreal Can increased its position in shares of Four Corners Property Trust by 3.1% in the second quarter. Bank of Montreal Can now owns 18,912 shares of the financial services provider’s stock valued at $509,000 after acquiring an additional 568 shares during the period. Finally, Lazard Asset Management LLC raised its stake in shares of Four Corners Property Trust by 1.1% during the second quarter. Lazard Asset Management LLC now owns 54,519 shares of the financial services provider’s stock valued at $1,467,000 after acquiring an additional 568 shares during the last quarter. Hedge funds and other institutional investors own 98.66% of the company’s stock.

Wall Street Analysts Forecast Growth

FCPT has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Four Corners Property Trust from a “sell” rating to a “hold” rating in a report on Sunday, October 19th. Robert W. Baird set a $29.00 price target on Four Corners Property Trust in a research report on Wednesday, October 29th. Wells Fargo & Company cut their price objective on Four Corners Property Trust from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Tuesday, November 25th. Barclays reduced their price objective on Four Corners Property Trust from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Monday, October 20th. Finally, Evercore dropped their target price on Four Corners Property Trust from $29.00 to $26.00 and set an “in-line” rating for the company in a research report on Monday, December 15th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Four Corners Property Trust currently has an average rating of “Hold” and a consensus price target of $28.00.

Four Corners Property Trust Company Profile

Four Corners Property Trust is a publicly traded real estate investment trust focused on acquiring and managing single-tenant commercial properties subject to long-term, triple-net leases. The company targets industrial, manufacturing, distribution, office and retail facilities leased to creditworthy tenants. By concentrating on net-lease structures, Four Corners seeks to generate stable, predictable income streams and mitigate operating cost variability.

The firm’s core activities include sourcing off-market and broker-sourced acquisition opportunities, conducting rigorous credit and property due diligence, and structuring lease agreements that shift property taxes, insurance and maintenance expenses to tenants.