Four Corners Property Trust, Inc. (NYSE:FCPT) is Rye Brook Capital LLC’s 4th Largest Position

Rye Brook Capital LLC boosted its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 0.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 223,900 shares of the financial services provider’s stock after acquiring an additional 1,000 shares during the period. Four Corners Property Trust makes up about 7.3% of Rye Brook Capital LLC’s portfolio, making the stock its 4th largest holding. Rye Brook Capital LLC’s holdings in Four Corners Property Trust were worth $6,077,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in FCPT. Truvestments Capital LLC acquired a new position in shares of Four Corners Property Trust during the 3rd quarter valued at about $51,000. Eagle Bay Advisors LLC boosted its position in Four Corners Property Trust by 25.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 425 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Four Corners Property Trust by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,570 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 921 shares during the last quarter. KBC Group NV raised its position in shares of Four Corners Property Trust by 50.4% in the fourth quarter. KBC Group NV now owns 3,702 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 1,240 shares during the period. Finally, Vestcor Inc acquired a new stake in shares of Four Corners Property Trust in the third quarter worth $109,000. Institutional investors and hedge funds own 98.66% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays decreased their price target on shares of 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. JMP Securities restated a “market perform” rating on shares of Four Corners Property Trust in a research note on Thursday, February 13th. Finally, UBS Group assumed coverage on shares of Four Corners Property Trust in a research note on Thursday, November 14th. They set a “buy” rating and a $33.00 target price for the company. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Four Corners Property Trust presently has an average rating of “Moderate Buy” and a consensus target price of $30.40.

Four Corners Property Trust Stock Performance

FCPT opened at $27.78 on Wednesday. The stock has a market cap of $2.78 billion, a PE ratio of 25.96 and a beta of 1.14. Four Corners Property Trust, Inc. has a 1 year low of $22.38 and a 1 year high of $30.93. The stock’s 50 day simple moving average is $27.61 and its 200-day simple moving average is $28.25. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36.

Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.16. Four Corners Property Trust had a net margin of 37.48% and a return on equity of 7.54%. Sell-side analysts forecast that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Four Corners Property Trust 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.