Four Corners Property Trust, Inc. (NYSE:FCPT) Holdings Raised by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,170 shares of the financial services provider’s stock after acquiring an additional 469 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Four Corners Property Trust were worth $1,226,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Thrivent Financial for Lutherans boosted its position in Four Corners Property Trust by 6.1% during the third quarter. Thrivent Financial for Lutherans now owns 349,221 shares of the financial services provider’s stock valued at $10,236,000 after purchasing an additional 20,028 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Four Corners Property Trust by 91.2% during the 4th quarter. SG Americas Securities LLC now owns 9,872 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 4,708 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Four Corners Property Trust by 211.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 159,630 shares of the financial services provider’s stock valued at $4,679,000 after buying an additional 108,345 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Four Corners Property Trust by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,357,175 shares of the financial services provider’s stock valued at $69,101,000 after buying an additional 27,552 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in Four Corners Property Trust by 21.0% in the third quarter. Citigroup Inc. now owns 201,872 shares of the financial services provider’s stock worth $5,917,000 after buying an additional 35,059 shares during the last quarter. 98.66% of the stock is owned by institutional investors and hedge funds.

Four Corners Property Trust Price Performance

Shares of Four Corners Property Trust stock opened at $28.95 on Tuesday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $27.62 and a 200-day simple moving average of $28.32. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 27.06 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.

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 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%. On average, sell-side analysts expect that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a research note on Thursday, February 13th. Barclays cut their price target 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, UBS Group began 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 objective for the company. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.