Groupe la Francaise Takes $575,000 Position in Four Corners Property Trust, Inc. $FCPT

Groupe la Francaise acquired a new position in Four Corners Property Trust, Inc. (NYSE:FCPT) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 23,425 shares of the financial services provider’s stock, valued at approximately $575,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Parallel Advisors LLC raised its stake in Four Corners Property Trust by 80.1% during the 3rd quarter. Parallel Advisors LLC now owns 1,041 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 463 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Four Corners Property Trust in the 4th quarter valued at $36,000. Huntington National Bank grew its position in Four Corners Property Trust by 114.1% in the 4th quarter. Huntington National Bank now owns 1,569 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 836 shares during the last quarter. Bessemer Group Inc. grew its position in Four Corners Property Trust by 326.1% in the 1st quarter. Bessemer Group Inc. now owns 1,649 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 1,262 shares during the last quarter. Finally, Nykredit A S bought a new position in shares of Four Corners Property Trust during the 2nd quarter worth about $49,000. Institutional investors own 98.66% of the company’s stock.

Analyst Ratings Changes

FCPT has been the subject of a number of research analyst reports. UBS Group reaffirmed a “buy” rating and set a $30.00 price objective on shares of Four Corners Property Trust in a research report on Thursday, July 9th. Huntington began coverage on Four Corners Property Trust in a research report on Wednesday, July 15th. They set an “outperform” rating and a $27.00 target price on the stock. Barclays boosted their price target on Four Corners Property Trust from $29.00 to $30.00 and gave the company an “equal weight” rating in a research note on Friday, September 4th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $28.00 price target on shares of Four Corners Property Trust in a report on Tuesday, August 25th. Finally, Jefferies Financial Group set a $28.00 price objective on Four Corners Property Trust in a research report on Tuesday, August 25th. Five 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.90.

Four Corners Property Trust Stock Down 0.4%

Shares of FCPT opened at $24.83 on Wednesday. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 22.37 and a beta of 0.79. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.39. Four Corners Property Trust, Inc. has a 12 month low of $22.78 and a 12 month high of $26.86. The company has a 50-day moving average price of $25.30 and a two-hundred day moving average price of $25.06.

Four Corners Property Trust (NYSE:FCPT) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.16. Four Corners Property Trust had a return on equity of 7.35% and a net margin of 38.70%.The company had revenue of $78.42 million for the quarter, compared to analyst estimates of $79.02 million. During the same period in the prior year, the company posted $0.44 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. Equities analysts predict that Four Corners Property Trust, Inc. will post 1.76 EPS 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.