Victory Capital Management Inc. Has $95.21 Million Stock Holdings 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% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,902,064 shares of the financial services provider’s stock after purchasing an additional 262,581 shares during the quarter. Victory Capital Management Inc. owned approximately 3.68% of Four Corners Property Trust worth $95,210,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Aster Capital Management DIFC Ltd boosted its holdings in shares of Four Corners Property Trust by 1,632.6% during the third quarter. Aster Capital Management DIFC Ltd now owns 1,646 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 1,551 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Four Corners Property Trust by 12.0% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 80,546 shares of the financial services provider’s stock worth $1,965,000 after purchasing an additional 8,625 shares during the last quarter. Centersquare Investment Management LLC boosted its stake in Four Corners Property Trust by 4.7% in the 3rd quarter. Centersquare Investment Management LLC now owns 22,695 shares of the financial services provider’s stock valued at $554,000 after purchasing an additional 1,029 shares during the period. Lion Street Advisors LLC grew its holdings in Four Corners Property Trust by 186.4% in the 3rd quarter. Lion Street Advisors LLC now owns 28,705 shares of the financial services provider’s stock valued at $700,000 after buying an additional 18,682 shares in the last quarter. Finally, GSA Capital Partners LLP increased its position in Four Corners Property Trust by 242.4% during the 3rd quarter. GSA Capital Partners LLP now owns 56,548 shares of the financial services provider’s stock worth $1,380,000 after buying an additional 40,031 shares during the period. Institutional investors and hedge funds own 98.66% of the company’s stock.

Four Corners Property Trust Stock Down 0.5%

Shares of NYSE FCPT opened at $25.55 on Thursday. The company 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 current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.36. Four Corners Property Trust, Inc. has a 12 month low of $22.78 and a 12 month high of $29.81. The stock has a 50-day moving average price of $24.53 and a two-hundred day moving average price of $24.44.

Four Corners Property Trust (NYSE:FCPT) last released its quarterly earnings data on Wednesday, February 11th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The business had revenue of $75.67 million during 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 firm’s quarterly 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. As a group, analysts forecast that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Four Corners Property Trust in a research note on Friday, January 9th. Wells Fargo & Company cut their price target on 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. Citigroup restated a “market perform” rating on shares of Four Corners Property Trust in a research note on Monday, January 5th. Finally, Evercore dropped their price objective on 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 given a Hold rating to the stock. Based on data from MarketBeat.com, Four Corners Property Trust presently has a consensus rating of “Hold” and a consensus target price of $28.00.

About Four Corners Property Trust

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.