Victory Capital Management Inc. Has $95.21 Million Position in Four Corners Property Trust, Inc. $FCPT

Victory Capital Management Inc. grew its stake in Four Corners Property Trust, Inc. (NYSE:FCPT) by 7.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,902,064 shares of the financial services provider’s stock after buying an additional 262,581 shares during the period. Victory Capital Management Inc.’s holdings in Four Corners Property Trust were worth $95,210,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in Four Corners Property Trust by 20.3% during the first quarter. AQR Capital Management LLC now owns 34,273 shares of the financial services provider’s stock worth $984,000 after buying an additional 5,786 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Four Corners Property Trust by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,416 shares of the financial services provider’s stock worth $1,648,000 after acquiring an additional 2,508 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Four Corners Property Trust by 13.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 681,843 shares of the financial services provider’s stock valued at $19,569,000 after purchasing an additional 79,023 shares during the period. Jane Street Group LLC bought a new stake in shares of Four Corners Property Trust during the 1st quarter valued at about $2,627,000. Finally, Assetmark Inc. acquired a new stake in Four Corners Property Trust during the second quarter worth approximately $463,000. Institutional investors and hedge funds own 98.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FCPT shares. Evercore cut their price target on Four Corners Property Trust from $29.00 to $26.00 and set an “in-line” rating on the stock in a report on Monday, December 15th. Wells Fargo & Company decreased their price target on shares of Four Corners Property Trust from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Four Corners Property Trust in a report on Friday, January 9th. Finally, Citigroup reissued a “market perform” rating on shares of Four Corners Property Trust in a research report on Monday, January 5th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Four Corners Property Trust presently has a consensus rating of “Hold” and a consensus price target of $28.00.

Four Corners Property Trust Price Performance

Shares of NYSE FCPT opened at $25.55 on Thursday. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 23.23 and a beta of 0.82. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.13 and a current ratio of 0.13. Four Corners Property Trust, Inc. has a fifty-two week low of $22.78 and a fifty-two week high of $29.81. The firm’s 50-day simple moving average is $24.53 and its 200 day simple moving average is $24.44.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings data on Wednesday, February 11th. The financial services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.43 by $0.02. The firm had revenue of $75.67 million during the quarter, compared to the consensus estimate of $76.04 million. Four Corners Property Trust had a return on equity of 7.39% and a net margin of 38.20%.The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 earnings per share. As a group, research analysts anticipate that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Four Corners Property Trust Company Profile

Four Corners Property Trust is a publicly traded real estate investment trust focused on acquiring and managing single-tenant commercial properties subject to long-term, triple-net leases. The company targets industrial, manufacturing, distribution, office and retail facilities leased to creditworthy tenants. By concentrating on net-lease structures, Four Corners seeks to generate stable, predictable income streams and mitigate operating cost variability.

The firm’s core activities include sourcing off-market and broker-sourced acquisition opportunities, conducting rigorous credit and property due diligence, and structuring lease agreements that shift property taxes, insurance and maintenance expenses to tenants.