Public Employees Retirement Association of Colorado held its stake in Four Corners Property Trust, Inc. (NYSE:FCPT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,128 shares of the financial services provider’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado’s holdings in Four Corners Property Trust were worth $330,000 at the end of the most recent reporting period.

Other hedge funds have also 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. Vanguard Group Inc. raised its stake in Four Corners Property Trust by 1.6% in the first quarter. Vanguard Group Inc. now owns 7,454,371 shares of the financial services provider’s stock valued at $170,184,000 after buying an additional 117,057 shares during the period. State Street Corp raised its stake in Four Corners Property Trust by 8.0% in the first quarter. State Street Corp now owns 1,636,301 shares of the financial services provider’s stock valued at $37,354,000 after buying an additional 120,713 shares during the period. OppenheimerFunds Inc. raised its stake in Four Corners Property Trust by 3.6% in the first quarter. OppenheimerFunds Inc. now owns 1,312,612 shares of the financial services provider’s stock valued at $29,967,000 after buying an additional 45,833 shares during the period. Finally, Teachers Advisors LLC raised its stake in Four Corners Property Trust by 15.5% in the first quarter. Teachers Advisors LLC now owns 1,218,859 shares of the financial services provider’s stock valued at $27,827,000 after buying an additional 163,464 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of Four Corners Property Trust, Inc. (FCPT) opened at 25.09 on Wednesday. Four Corners Property Trust, Inc. has a 52 week low of $16.71 and a 52 week high of $25.94. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 18.52 and a beta of 0.15. The stock’s 50 day moving average price is $24.97 and its 200-day moving average price is $23.68.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.34 earnings per share 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 company had revenue of $33.20 million for the quarter, compared to the consensus estimate of $33.33 million. During the same period in the previous year, the firm earned $0.33 earnings per share. The company’s revenue was up 7.5% compared to the same quarter last year. Equities analysts predict that Four Corners Property Trust, Inc. will post $1.03 earnings per share for the current year.

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Several analysts recently weighed in on FCPT shares. Zacks Investment Research lowered Four Corners Property Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Four Corners Property Trust in a research note on Thursday, August 3rd. BidaskClub raised Four Corners Property Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Raymond James Financial, Inc. raised Four Corners Property Trust from a “market perform” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Tuesday, August 15th. Finally, UBS AG raised Four Corners Property Trust from a “market perform” rating to an “outperform” rating in a research note on Tuesday, August 15th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price 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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