Four Corners Property Trust, Inc. (NYSE:FCPT) Short Interest Down 9.7% in January

Four Corners Property Trust, Inc. (NYSE:FCPT) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 3,990,000 shares, a decrease of 9.7% from the January 15th total of 4,420,000 shares. Based on an average daily volume of 610,000 shares, the short-interest ratio is currently 6.5 days.

Four Corners Property Trust Price Performance

FCPT opened at $27.78 on Wednesday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38. Four Corners Property Trust has a 1 year low of $22.38 and a 1 year high of $30.93. The stock has a fifty day moving average price of $27.61 and a 200 day moving average price of $28.25. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 25.96 and a beta of 1.14.

Four Corners Property Trust (NYSE:FCPT) last announced its quarterly 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 return on equity of 7.68% and a net margin of 37.27%. Analysts forecast that Four Corners Property Trust will post 1.62 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on FCPT shares. JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. UBS Group assumed 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. Finally, Barclays reduced their price target on shares of Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Four Corners Property Trust has an average rating of “Moderate Buy” and a consensus target price of $30.40.

Institutional Trading of Four Corners Property Trust

Several large investors have recently added to or reduced their stakes in FCPT. Creative Planning lifted its stake in shares of Four Corners Property Trust by 13.3% in the 3rd quarter. Creative Planning now owns 28,159 shares of the financial services provider’s stock valued at $825,000 after purchasing an additional 3,315 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Four Corners Property Trust by 6.1% in the third quarter. Thrivent Financial for Lutherans now owns 349,221 shares of the financial services provider’s stock worth $10,236,000 after buying an additional 20,028 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Four Corners Property Trust by 211.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 159,630 shares of the financial services provider’s stock worth $4,679,000 after buying an additional 108,345 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Four Corners Property Trust by 91.2% during the 4th quarter. SG Americas Securities LLC now owns 9,872 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 4,708 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Four Corners Property Trust by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,357,175 shares of the financial services provider’s stock valued at $69,101,000 after acquiring an additional 27,552 shares during the last quarter. 98.66% of the stock is owned by institutional investors.

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.