Short Interest in Four Corners Property Trust, Inc. (NYSE:FCPT) Declines By 9.7%

Four Corners Property Trust, Inc. (NYSE:FCPT) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 3,990,000 shares, a decrease of 9.7% from the January 15th total of 4,420,000 shares. Based on an average daily volume of 610,000 shares, the short-interest ratio is currently 6.5 days.

Wall Street Analysts Forecast Growth

FCPT has been the topic of several recent research reports. UBS Group initiated coverage on Four Corners Property Trust in a report on Thursday, November 14th. They set a “buy” rating and a $33.00 target price on the stock. Barclays reduced their target price on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Finally, JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Four Corners Property Trust currently has a consensus rating of “Moderate Buy” and an average target price of $30.40.

Hedge Funds Weigh In On Four Corners Property Trust

Several large investors have recently bought and sold shares of FCPT. FMR LLC increased its holdings in shares of Four Corners Property Trust by 30.6% during the 3rd quarter. FMR LLC now owns 13,930,746 shares of the financial services provider’s stock worth $408,310,000 after purchasing an additional 3,268,064 shares during the period. Heitman Real Estate Securities LLC acquired a new stake in Four Corners Property Trust during the third quarter worth about $24,863,000. Balyasny Asset Management L.P. bought a new position in Four Corners Property Trust during the fourth quarter valued at about $18,084,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Four Corners Property Trust by 539.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 687,318 shares of the financial services provider’s stock valued at $20,145,000 after acquiring an additional 579,849 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Four Corners Property Trust in the 4th quarter worth approximately $12,845,000. 98.66% of the stock is currently owned by institutional investors and hedge funds.

Four Corners Property Trust Stock Performance

Shares of Four Corners Property Trust stock traded down $0.62 during trading on Monday, reaching $27.79. The company’s stock had a trading volume of 492,654 shares, compared to its average volume of 434,611. The business’s fifty day moving average price is $27.64 and its 200-day moving average price is $28.24. Four Corners Property Trust has a one year low of $22.38 and a one year high of $30.93. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 25.97 and a beta of 1.14. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 0.17.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.28 by $0.16. Four Corners Property Trust had a return on equity of 7.68% and a net margin of 37.27%. As a group, equities research analysts predict that Four Corners Property Trust will post 1.62 earnings per share for the current year.

Four Corners Property Trust Company 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.