Old Mutual Global Investors UK Ltd. grew its stake in Four Corners Property Trust, Inc. (NYSE:FCPT) by 3,225.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 181,030 shares of the financial services provider’s stock after purchasing an additional 175,587 shares during the period. Old Mutual Global Investors UK Ltd. owned about 0.30% of Four Corners Property Trust worth $4,545,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Meadow Creek Investment Management LLC increased its position in shares of Four Corners Property Trust by 33.9% during the 1st quarter. Meadow Creek Investment Management LLC now owns 4,424 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 1,120 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Four Corners Property Trust during the second quarter worth $106,000. Ameritas Investment Partners Inc. purchased a new stake in Four Corners Property Trust during the first quarter worth $119,000. Glen Harbor Capital Management LLC boosted its position in Four Corners Property Trust by 33.9% during the first quarter. Glen Harbor Capital Management LLC now owns 5,372 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 1,360 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its position in Four Corners Property Trust by 287.1% during the first quarter. LS Investment Advisors LLC now owns 8,252 shares of the financial services provider’s stock worth $188,000 after purchasing an additional 6,120 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Shares of Four Corners Property Trust, Inc. (NYSE:FCPT) opened at 25.12 on Friday. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 18.54 and a beta of 0.17. Four Corners Property Trust, Inc. has a 1-year low of $16.71 and a 1-year high of $25.94. The stock’s 50 day moving average price is $25.01 and its 200 day moving average price is $23.93.

Four Corners Property Trust (NYSE:FCPT) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by $0.01. The business had revenue of $33.20 million for the quarter, compared to the consensus estimate of $33.33 million. Four Corners Property Trust had a net margin of 63.74% and a return on equity of 17.21%. The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 EPS. Analysts expect that Four Corners Property Trust, Inc. will post $1.03 EPS for the current year.

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Several analysts have recently issued reports on the company. Canaccord Genuity assumed coverage on Four Corners Property Trust in a research report on Tuesday, July 18th. They issued a “hold” rating and a $26.00 price objective on the stock. Ladenburg Thalmann Financial Services restated a “buy” rating and set a $27.00 price target (up from $24.00) on shares of Four Corners Property Trust in a research note on Wednesday, August 16th. Zacks Investment Research lowered Four Corners Property Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Raymond James Financial, Inc. raised Four Corners Property Trust from a “market perform” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Tuesday, August 15th. Finally, BidaskClub raised Four Corners Property Trust from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target 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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