Four Corners Property Trust, Inc. (FCPT) Shares Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky increased its position in Four Corners Property Trust, Inc. (NYSE:FCPT) by 18.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,469 shares of the financial services provider’s stock after buying an additional 3,400 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Four Corners Property Trust were worth $490,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of Four Corners Property Trust by 47.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 415,398 shares of the financial services provider’s stock valued at $8,523,000 after buying an additional 134,521 shares in the last quarter. FMR LLC boosted its position in shares of Four Corners Property Trust by 0.7% in the fourth quarter. FMR LLC now owns 92,220 shares of the financial services provider’s stock valued at $1,892,000 after buying an additional 630 shares in the last quarter. Norges Bank acquired a new position in shares of Four Corners Property Trust during the fourth quarter valued at approximately $9,776,000. Teachers Advisors LLC boosted its position in shares of Four Corners Property Trust by 0.4% in the fourth quarter. Teachers Advisors LLC now owns 1,055,395 shares of the financial services provider’s stock valued at $21,657,000 after buying an additional 4,615 shares in the last quarter. Finally, Creative Planning boosted its position in shares of Four Corners Property Trust by 3.9% in the first quarter. Creative Planning now owns 6,782 shares of the financial services provider’s stock valued at $155,000 after buying an additional 252 shares in the last quarter. 85.86% of the stock is owned by hedge funds and other institutional investors.

Shares of Four Corners Property Trust, Inc. (NYSE FCPT) opened at 24.99 on Friday. Four Corners Property Trust, Inc. has a one year low of $16.71 and a one year high of $25.94. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 18.44 and a beta of 0.15. The stock has a 50 day moving average of $24.94 and a 200-day moving average of $23.54.

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

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Several equities analysts have commented on the stock. Ladenburg Thalmann Financial Services reissued a “buy” rating and issued a $27.00 price target (up previously from $24.00) on shares of Four Corners Property Trust in a research report on Wednesday. Zacks Investment Research cut shares of Four Corners Property Trust from a “buy” rating to a “hold” rating in a research report on Tuesday. Canaccord Genuity assumed coverage on shares of Four Corners Property Trust in a research report on Tuesday, July 18th. They issued a “hold” rating and a $26.00 price target for the company. Raymond James Financial, Inc. raised shares of Four Corners Property Trust from a “market perform” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Tuesday. Finally, BidaskClub lowered shares of Four Corners Property Trust from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $26.75.

About Four Corners Property Trust

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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