Victory Capital Management Inc. Sells 542,458 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

Victory Capital Management Inc. decreased its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 12.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,858,904 shares of the financial services provider’s stock after selling 542,458 shares during the quarter. Victory Capital Management Inc.’s holdings in Four Corners Property Trust were worth $104,731,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Eagle Bay Advisors LLC increased its stake in Four Corners Property Trust by 25.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 425 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Four Corners Property Trust by 1.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 45,170 shares of the financial services provider’s stock valued at $1,226,000 after acquiring an additional 469 shares during the period. Verdence Capital Advisors LLC increased its stake in Four Corners Property Trust by 4.5% in the third quarter. Verdence Capital Advisors LLC now owns 12,298 shares of the financial services provider’s stock valued at $360,000 after acquiring an additional 527 shares during the period. Yousif Capital Management LLC increased its stake in Four Corners Property Trust by 1.7% in the fourth quarter. Yousif Capital Management LLC now owns 36,611 shares of the financial services provider’s stock valued at $994,000 after acquiring an additional 600 shares during the period. Finally, MML Investors Services LLC increased its stake in Four Corners Property Trust by 5.6% in the third quarter. MML Investors Services LLC now owns 11,881 shares of the financial services provider’s stock valued at $348,000 after acquiring an additional 635 shares during the period. Institutional investors own 98.66% of the company’s stock.

Four Corners Property Trust Stock Up 1.4 %

Shares of NYSE:FCPT opened at $28.99 on Thursday. Four Corners Property Trust, Inc. has a 52 week low of $22.38 and a 52 week high of $30.93. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.11. The company has a market capitalization of $2.90 billion, a PE ratio of 27.10 and a beta of 1.16. The company has a 50 day moving average price of $27.67 and a two-hundred day moving average price of $28.34.

Four Corners Property Trust (NYSE:FCPT) last issued its earnings results on Wednesday, February 12th. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate 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%. Analysts forecast that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current year.

Analyst Ratings Changes

FCPT has been the topic of several research analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Four Corners Property Trust in a research note on Thursday, February 13th. UBS Group assumed coverage on shares of Four Corners Property Trust in a research note on Thursday, November 14th. They set a “buy” rating and a $33.00 price objective on the stock. Finally, Barclays reduced their target price on shares of Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Four Corners Property Trust has a consensus rating of “Moderate Buy” and an average target price of $30.40.

Four Corners Property Trust Company Profile

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.