Martingale Asset Management L P acquired a new stake in Four Corners Property Trust Inc (NYSE:FCPT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 48,106 shares of the financial services provider’s stock, valued at approximately $1,237,000. Martingale Asset Management L P owned 0.08% of Four Corners Property Trust at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Trust Department MB Financial Bank N A acquired a new stake in shares of Four Corners Property Trust in the 4th quarter valued at approximately $112,000. Quantbot Technologies LP purchased a new position in Four Corners Property Trust during the third quarter worth $199,000. Schroder Investment Management Group purchased a new position in Four Corners Property Trust during the third quarter worth $201,000. Stevens Capital Management LP purchased a new position in Four Corners Property Trust during the third quarter worth $323,000. Finally, Capital Fund Management S.A. purchased a new position in Four Corners Property Trust during the fourth quarter worth $352,000. Institutional investors own 88.01% of the company’s stock.
Shares of Four Corners Property Trust Inc (FCPT) traded down $0.03 during trading on Wednesday, reaching $22.47. The company had a trading volume of 137,676 shares, compared to its average volume of 305,411. The company has a market capitalization of $1,379.50, a price-to-earnings ratio of 19.23 and a beta of 0.08. Four Corners Property Trust Inc has a 1 year low of $20.97 and a 1 year high of $26.96. The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.83 and a current ratio of 3.83.
Several equities research analysts have recently issued reports on FCPT shares. Zacks Investment Research cut Four Corners Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Ladenburg Thalmann Financial Services reiterated a “buy” rating and issued a $26.00 target price (down previously from $28.00) on shares of Four Corners Property Trust in a report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Four Corners Property Trust currently has a consensus rating of “Hold” and an average price target of $26.75.
Four Corners Property Trust Profile
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.
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