Keybank National Association OH Trims Position in Four Corners Property Trust, Inc. (NYSE:FCPT)

Keybank National Association OH trimmed its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 10.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,360 shares of the financial services provider’s stock after selling 2,173 shares during the period. Keybank National Association OH’s holdings in Four Corners Property Trust were worth $525,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Synergy Investment Management LLC purchased a new position in Four Corners Property Trust during the fourth quarter valued at $48,000. Charles Schwab Investment Management Inc. grew its stake in Four Corners Property Trust by 6.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,612,978 shares of the financial services provider’s stock valued at $43,776,000 after acquiring an additional 94,903 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Four Corners Property Trust by 165.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 860 shares in the last quarter. Metis Global Partners LLC grew its stake in Four Corners Property Trust by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 10,628 shares of the financial services provider’s stock valued at $288,000 after acquiring an additional 1,085 shares in the last quarter. Finally, Mutual of America Capital Management LLC grew its stake in Four Corners Property Trust by 5.1% during the fourth quarter. Mutual of America Capital Management LLC now owns 14,653 shares of the financial services provider’s stock valued at $398,000 after acquiring an additional 715 shares in the last quarter. 98.66% of the stock is owned by hedge funds and other institutional investors.

Four Corners Property Trust Stock Performance

Shares of NYSE:FCPT opened at $29.31 on Monday. Four Corners Property Trust, Inc. has a 52 week low of $22.38 and a 52 week high of $30.93. The stock has a market capitalization of $2.93 billion, a P/E ratio of 27.39 and a beta of 1.16. The firm has a fifty day simple moving average of $27.76 and a two-hundred day simple moving average of $28.39. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.36.

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 net margin of 37.48% and a return on equity of 7.54%. On average, analysts expect that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FCPT has been the subject of several research analyst reports. UBS Group initiated 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 target price for the company. Barclays lowered their price objective 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. Finally, JMP Securities reissued a “market perform” rating on shares of Four Corners Property Trust in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.40.

Four Corners Property Trust 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.