Illinois Municipal Retirement Fund Purchases 4,507 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

Illinois Municipal Retirement Fund grew its position in Four Corners Property Trust, Inc. (NYSE:FCPT) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,888 shares of the financial services provider’s stock after purchasing an additional 4,507 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.05% of Four Corners Property Trust worth $1,354,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Amalgamated Bank raised its position in shares of Four Corners Property Trust by 3.2% in the fourth quarter. Amalgamated Bank now owns 28,117 shares of the financial services provider’s stock valued at $763,000 after purchasing an additional 863 shares during the period. Bank of New York Mellon Corp raised its position in shares of Four Corners Property Trust by 1.3% in the fourth quarter. Bank of New York Mellon Corp now owns 891,425 shares of the financial services provider’s stock valued at $24,193,000 after purchasing an additional 11,131 shares during the period. Handelsbanken Fonder AB raised its position in shares of Four Corners Property Trust by 12.5% in the fourth quarter. Handelsbanken Fonder AB now owns 32,295 shares of the financial services provider’s stock valued at $876,000 after purchasing an additional 3,600 shares during the period. Ieq Capital LLC raised its position in shares of Four Corners Property Trust by 12.3% in the fourth quarter. Ieq Capital LLC now owns 9,264 shares of the financial services provider’s stock valued at $251,000 after purchasing an additional 1,017 shares during the period. Finally, Rye Brook Capital LLC increased its position in Four Corners Property Trust by 0.4% during the fourth quarter. Rye Brook Capital LLC now owns 223,900 shares of the financial services provider’s stock worth $6,077,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 98.66% of the company’s stock.

Four Corners Property Trust Stock Up 1.0 %

FCPT opened at $28.79 on Friday. Four Corners Property Trust, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $30.93. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11. The firm’s fifty day moving average price is $27.62 and its two-hundred day moving average price is $28.30. The company has a market capitalization of $2.88 billion, a P/E ratio of 26.90 and a beta of 1.14.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share for the quarter, topping 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%. On average, analysts anticipate that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FCPT. JMP Securities reaffirmed a “market perform” rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Barclays dropped their target price on shares of Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Finally, UBS Group began coverage on shares of Four Corners Property Trust in a research report on Thursday, November 14th. They set a “buy” rating and a $33.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.40.

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.