Entropy Technologies LP Acquires New Shares in Four Corners Property Trust, Inc. (NYSE:FCPT)

Entropy Technologies LP acquired a new stake in Four Corners Property Trust, Inc. (NYSE:FCPT) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,426 shares of the financial services provider’s stock, valued at approximately $419,000.

Several other large investors also recently modified their holdings of FCPT. Truvestments Capital LLC acquired a new position in shares of Four Corners Property Trust during the third quarter worth about $51,000. Eagle Bay Advisors LLC boosted its position in Four Corners Property Trust by 25.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 425 shares during the last quarter. KBC Group NV boosted its position in Four Corners Property Trust by 50.4% during the fourth quarter. KBC Group NV now owns 3,702 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 1,240 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Four Corners Property Trust by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,570 shares of the financial services provider’s stock valued at $106,000 after buying an additional 921 shares during the last quarter. Finally, Vestcor Inc acquired a new stake in shares of Four Corners Property Trust in the third quarter valued at approximately $109,000. 98.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FCPT. UBS Group started coverage on Four Corners Property Trust in a research note on Thursday, November 14th. They set a “buy” rating and a $33.00 target price on the stock. Barclays reduced their target price on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Finally, JMP Securities reissued a “market perform” rating on shares of Four Corners Property Trust in a report on Tuesday, December 10th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $30.40.

Four Corners Property Trust Stock Performance

Shares of Four Corners Property Trust stock opened at $27.81 on Thursday. Four Corners Property Trust, Inc. has a one year low of $22.38 and a one year high of $30.93. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 25.99 and a beta of 1.14. The business has a 50-day simple moving average of $27.69 and a 200 day simple moving average of $28.22. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.17 and a quick ratio of 0.17.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.16. Four Corners Property Trust had a return on equity of 7.68% and a net margin of 37.27%. On average, research analysts anticipate that Four Corners Property Trust, Inc. will post 1.62 earnings per share for the current fiscal year.

About Four Corners Property Trust

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.