B&I Capital AG Trims Stock Position in Four Corners Property Trust, Inc. (NYSE:FCPT)

B&I Capital AG decreased its stake in Four Corners Property Trust, Inc. (NYSE:FCPT) by 9.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 162,600 shares of the financial services provider’s stock after selling 17,400 shares during the period. Four Corners Property Trust accounts for 1.3% of B&I Capital AG’s investment portfolio, making the stock its 23rd largest holding. B&I Capital AG owned about 0.18% of Four Corners Property Trust worth $4,011,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of FCPT. Vanguard Group Inc. raised its holdings in shares of Four Corners Property Trust by 1.1% in the first quarter. Vanguard Group Inc. now owns 10,635,297 shares of the financial services provider’s stock valued at $260,246,000 after buying an additional 116,453 shares during the last quarter. Westwood Holdings Group Inc. grew its stake in Four Corners Property Trust by 3.7% in the 1st quarter. Westwood Holdings Group Inc. now owns 2,619,070 shares of the financial services provider’s stock valued at $64,089,000 after acquiring an additional 93,552 shares during the last quarter. Earnest Partners LLC grew its position in shares of Four Corners Property Trust by 15.5% in the first quarter. Earnest Partners LLC now owns 2,429,030 shares of the financial services provider’s stock valued at $59,438,000 after purchasing an additional 326,281 shares during the last quarter. Capital International Investors increased its position in Four Corners Property Trust by 14.2% during the fourth quarter. Capital International Investors now owns 1,807,880 shares of the financial services provider’s stock worth $45,739,000 after buying an additional 225,327 shares in the last quarter. Finally, William Blair Investment Management LLC increased its position in Four Corners Property Trust by 26.7% during the 1st quarter. William Blair Investment Management LLC now owns 1,410,376 shares of the financial services provider’s stock worth $34,512,000 after purchasing an additional 297,300 shares in the last quarter. 98.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Four Corners Property Trust news, Director John S. Moody sold 7,230 shares of Four Corners Property Trust stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $24.56, for a total value of $177,568.80. Following the completion of the transaction, the director now directly owns 61,108 shares in the company, valued at $1,500,812.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is owned by company insiders.

Four Corners Property Trust Trading Up 1.4 %

NYSE:FCPT opened at $29.59 on Tuesday. Four Corners Property Trust, Inc. has a 52 week low of $20.51 and a 52 week high of $29.69. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.43. The company has a market cap of $2.74 billion, a PE ratio of 27.65 and a beta of 1.10. The business’s 50 day moving average is $26.98 and its two-hundred day moving average is $25.13.

Four Corners Property Trust (NYSE:FCPT) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.14). Four Corners Property Trust had a return on equity of 7.72% and a net margin of 37.01%. The business had revenue of $66.48 million for the quarter, compared to analyst estimates of $63.70 million. During the same period last year, the company posted $0.42 earnings per share. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, analysts predict that Four Corners Property Trust, Inc. will post 1.66 EPS for the current year.

Analysts Set New Price Targets

FCPT has been the subject of a number of recent analyst reports. Raymond James lifted their price objective on Four Corners Property Trust from $27.00 to $29.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Wells Fargo & Company upgraded shares of Four Corners Property Trust to a “strong-buy” rating in a report on Monday, August 12th. Evercore ISI upped their price target on Four Corners Property Trust from $26.00 to $28.00 and gave the stock an “in-line” rating in a report on Wednesday, August 28th. Finally, JMP Securities reissued a “market perform” rating on shares of Four Corners Property Trust in a research report on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $27.00.

About Four Corners Property Trust

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.