GSA Capital Partners LLP Acquires 40,031 Shares of Four Corners Property Trust, Inc. $FCPT

GSA Capital Partners LLP boosted its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 242.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,548 shares of the financial services provider’s stock after acquiring an additional 40,031 shares during the quarter. GSA Capital Partners LLP owned 0.05% of Four Corners Property Trust worth $1,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in FCPT. Elevation Point Wealth Partners LLC purchased a new stake in shares of Four Corners Property Trust during the second quarter worth about $37,000. Versant Capital Management Inc lifted its holdings in Four Corners Property Trust by 376.4% in the third quarter. Versant Capital Management Inc now owns 3,592 shares of the financial services provider’s stock worth $88,000 after buying an additional 2,838 shares during the period. Smartleaf Asset Management LLC boosted its position in Four Corners Property Trust by 31.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,728 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 883 shares in the last quarter. CWM LLC boosted its position in shares of Four Corners Property Trust by 85.8% during the second quarter. CWM LLC now owns 5,528 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 2,553 shares in the last quarter. Finally, M&G PLC purchased a new stake in shares of Four Corners Property Trust in the 3rd quarter worth about $211,000. Hedge funds and other institutional investors own 98.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FCPT. Citigroup restated a “market perform” rating on shares of Four Corners Property Trust in a research note on Monday, January 5th. Robert W. Baird set a $29.00 price objective on shares of Four Corners Property Trust in a research report on Wednesday, October 29th. Wells Fargo & Company dropped their target price on Four Corners Property Trust from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Four Corners Property Trust in a research report on Friday, January 9th. Finally, Evercore reduced their target price on shares of Four Corners Property Trust from $29.00 to $26.00 and set an “in-line” rating for the company in a report on Monday, December 15th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Four Corners Property Trust currently has an average rating of “Hold” and an average target price of $28.00.

Four Corners Property Trust Price Performance

FCPT stock opened at $24.74 on Thursday. Four Corners Property Trust, Inc. has a 52 week low of $22.78 and a 52 week high of $29.81. The firm has a market capitalization of $2.72 billion, a P/E ratio of 22.49 and a beta of 0.83. The company has a fifty day simple moving average of $24.09 and a two-hundred day simple moving average of $24.45. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.36.

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

Four Corners Property Trust 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.