219,835 Shares in Four Corners Property Trust, Inc. (NYSE:FCPT) Acquired by Richard Bernstein Advisors LLC

Richard Bernstein Advisors LLC purchased a new stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPTFree Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 219,835 shares of the financial services provider’s stock, valued at approximately $4,878,000. Richard Bernstein Advisors LLC owned 0.24% of Four Corners Property Trust as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Belpointe Asset Management LLC boosted its position in Four Corners Property Trust by 1,120.0% during the first quarter. Belpointe Asset Management LLC now owns 915 shares of the financial services provider’s stock valued at $25,000 after buying an additional 840 shares during the period. Fortis Capital Advisors LLC boosted its holdings in shares of Four Corners Property Trust by 18,200.0% during the first quarter. Fortis Capital Advisors LLC now owns 915 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 910 shares during the period. Eagle Bay Advisors LLC purchased a new stake in shares of Four Corners Property Trust during the second quarter worth about $33,000. Covestor Ltd boosted its holdings in shares of Four Corners Property Trust by 5,480.0% during the second quarter. Covestor Ltd now owns 1,674 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,644 shares during the period. Finally, Quantbot Technologies LP boosted its holdings in shares of Four Corners Property Trust by 72.4% during the first quarter. Quantbot Technologies LP now owns 2,559 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 1,075 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wells Fargo & Company increased their target price on shares of Four Corners Property Trust from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. Raymond James dropped their target price on shares of Four Corners Property Trust from $29.00 to $28.00 and set an “outperform” rating for the company in a report on Monday, January 8th.

Check Out Our Latest Stock Report on Four Corners Property Trust

Four Corners Property Trust Trading Up 1.0 %

FCPT stock traded up $0.24 during trading on Thursday, reaching $23.82. The company had a trading volume of 66,240 shares, compared to its average volume of 462,011. Four Corners Property Trust, Inc. has a 52 week low of $20.51 and a 52 week high of $27.99. The company has a market cap of $2.19 billion, a P/E ratio of 21.85 and a beta of 1.00. The business has a 50 day moving average of $24.20 and a 200 day moving average of $23.61. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.12 and a quick ratio of 0.12.

Four Corners Property Trust (NYSE:FCPTGet Free Report) last released its quarterly earnings results on Thursday, February 15th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.13). Four Corners Property Trust had a return on equity of 7.78% and a net margin of 38.04%. The company had revenue of $65.14 million during the quarter, compared to the consensus estimate of $65.23 million. During the same period in the previous year, the company earned $0.41 earnings per share. Four Corners Property Trust’s quarterly revenue was up 13.6% on a year-over-year basis. As a group, sell-side analysts forecast that Four Corners Property Trust, Inc. will post 1.64 earnings per share for the current fiscal year.

Four Corners Property Trust Profile

(Free Report)

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.

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Institutional Ownership by Quarter for Four Corners Property Trust (NYSE:FCPT)

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