GSA Capital Partners LLP Purchases 40,031 Shares of Four Corners Property Trust, Inc. $FCPT

GSA Capital Partners LLP lifted its position in Four Corners Property Trust, Inc. (NYSE:FCPT) by 242.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,548 shares of the financial services provider’s stock after acquiring an additional 40,031 shares during the quarter. GSA Capital Partners LLP’s holdings in Four Corners Property Trust were worth $1,380,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. M&G PLC bought a new position in Four Corners Property Trust during the 3rd quarter valued at about $211,000. Vanguard Group Inc. grew its stake in shares of Four Corners Property Trust by 2.1% during the third quarter. Vanguard Group Inc. now owns 11,712,512 shares of the financial services provider’s stock valued at $285,785,000 after buying an additional 237,155 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Four Corners Property Trust by 20.6% during the third quarter. JPMorgan Chase & Co. now owns 611,782 shares of the financial services provider’s stock valued at $14,927,000 after buying an additional 104,480 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Four Corners Property Trust by 18.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 82,508 shares of the financial services provider’s stock worth $2,013,000 after buying an additional 12,751 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Four Corners Property Trust by 33.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 13,500 shares of the financial services provider’s stock worth $329,000 after acquiring an additional 3,419 shares during the last quarter. 98.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FCPT has been the topic of several research analyst reports. Robert W. Baird set a $29.00 price objective on Four Corners Property Trust in a research report on Wednesday, October 29th. Wells Fargo & Company lowered their target price on shares of Four Corners Property Trust from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Four Corners Property Trust in a research note on Friday, January 9th. Citigroup reiterated a “market perform” rating on shares of Four Corners Property Trust in a report on Monday, January 5th. Finally, Evercore dropped their target price on shares of Four Corners Property Trust from $29.00 to $26.00 and set an “in-line” rating on the stock in a research note on Monday, December 15th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from 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 Stock Performance

Shares of Four Corners Property Trust stock opened at $24.74 on Thursday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.36. The stock’s fifty day moving average price is $24.09 and its 200-day moving average price is $24.45. The firm has a market cap of $2.72 billion, a P/E ratio of 22.49 and a beta of 0.83. Four Corners Property Trust, Inc. has a 12 month low of $22.78 and a 12 month high of $29.81.

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

Four Corners Property Trust 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.