Westport Asset Management Inc. Has $502,000 Position in Four Corners Property Trust, Inc. (FCPT)

Westport Asset Management Inc. continued to hold its stake in Four Corners Property Trust, Inc. (NYSE:FCPT) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,998 shares of the financial services provider’s stock at the end of the second quarter. Westport Asset Management Inc.’s holdings in Four Corners Property Trust were worth $502,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Four Corners Property Trust by 13,867.2% in the first quarter. BlackRock Inc. now owns 8,766,236 shares of the financial services provider’s stock valued at $200,133,000 after buying an additional 8,703,473 shares during the period. FMR LLC increased its stake in shares of Four Corners Property Trust by 832.7% in the first quarter. FMR LLC now owns 860,141 shares of the financial services provider’s stock valued at $19,637,000 after buying an additional 767,921 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Four Corners Property Trust by 162.4% in the first quarter. Ameriprise Financial Inc. now owns 804,651 shares of the financial services provider’s stock valued at $18,371,000 after buying an additional 498,037 shares in the last quarter. Norges Bank acquired a new stake in shares of Four Corners Property Trust during the fourth quarter valued at $9,776,000. Finally, Citadel Advisors LLC increased its stake in shares of Four Corners Property Trust by 471.1% in the first quarter. Citadel Advisors LLC now owns 516,681 shares of the financial services provider’s stock valued at $11,796,000 after buying an additional 426,213 shares in the last quarter. 85.86% of the stock is currently owned by institutional investors.

Shares of Four Corners Property Trust, Inc. (NYSE:FCPT) opened at 24.94 on Friday. The company’s 50 day moving average price is $24.94 and its 200 day moving average price is $23.51. The company has a market capitalization of $1.53 billion, a P/E ratio of 18.41 and a beta of 0.15. Four Corners Property Trust, Inc. has a 12 month low of $16.71 and a 12 month high of $25.94.

Four Corners Property Trust (NYSE:FCPT) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Four Corners Property Trust had a return on equity of 17.21% and a net margin of 63.74%. The business had revenue of $33.20 million for the quarter, compared to analysts’ expectations of $33.33 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. Four Corners Property Trust’s quarterly revenue was up 7.5% compared to the same quarter last year. Analysts expect that Four Corners Property Trust, Inc. will post $1.03 EPS for the current fiscal year.

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Several analysts recently weighed in on the company. Ladenburg Thalmann Financial Services restated a “buy” rating and set a $27.00 price objective (up from $24.00) on shares of Four Corners Property Trust in a research report on Wednesday. Zacks Investment Research downgraded Four Corners Property Trust from a “buy” rating to a “hold” rating in a research report on Tuesday. Canaccord Genuity assumed coverage on Four Corners Property Trust in a research report on Tuesday, July 18th. They set a “hold” rating and a $26.00 price objective for the company. Raymond James Financial, Inc. upgraded Four Corners Property Trust from a “market perform” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Tuesday. Finally, BidaskClub downgraded Four Corners Property Trust from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $26.75.

Four Corners Property Trust Company Profile

Four Corners Property Trust, Inc is a self-administered company and real estate investment trust (REIT), which owns, acquires and leases properties for use in the restaurant and food service related industries. The Company operates through two segments: real estate operations and restaurant operations.

Institutional Ownership by Quarter for Four Corners Property Trust (NYSE:FCPT)

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