Cbre Clarion Securities LLC Has $14.22 Million Stake in Four Corners Property Trust, Inc. (NYSE:FCPT)

Cbre Clarion Securities LLC boosted its stake in Four Corners Property Trust, Inc. (NYSE:FCPT) by 2,666.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 518,925 shares of the financial services provider’s stock after buying an additional 500,168 shares during the quarter. Cbre Clarion Securities LLC’s holdings in Four Corners Property Trust were worth $14,219,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Four Corners Property Trust by 4.1% in the 1st quarter. BlackRock Inc. now owns 14,864,993 shares of the financial services provider’s stock valued at $407,300,000 after buying an additional 584,559 shares in the last quarter. Northern Trust Corp boosted its stake in Four Corners Property Trust by 1.1% in the fourth quarter. Northern Trust Corp now owns 1,240,002 shares of the financial services provider’s stock worth $36,915,000 after purchasing an additional 13,783 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Four Corners Property Trust by 14.1% in the fourth quarter. Bank of New York Mellon Corp now owns 1,205,670 shares of the financial services provider’s stock worth $35,893,000 after purchasing an additional 149,032 shares in the last quarter. Norges Bank acquired a new position in Four Corners Property Trust in the fourth quarter worth $25,944,000. Finally, JPMorgan Chase & Co. boosted its stake in Four Corners Property Trust by 74.9% in the first quarter. JPMorgan Chase & Co. now owns 867,304 shares of the financial services provider’s stock worth $23,764,000 after purchasing an additional 371,463 shares in the last quarter. 90.70% of the stock is currently owned by institutional investors and hedge funds.

Four Corners Property Trust stock traded down $0.30 on Friday, reaching $28.66. The company’s stock had a trading volume of 2,302 shares, compared to its average volume of 505,736. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.54 and a current ratio of 2.54. The stock has a market capitalization of $2.18 billion, a P/E ratio of 27.07 and a beta of 0.88. The company’s fifty day moving average is $28.17. Four Corners Property Trust, Inc. has a twelve month low of $21.30 and a twelve month high of $30.42.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings results on Monday, April 26th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.02). Four Corners Property Trust had a net margin of 44.87% and a return on equity of 9.98%. As a group, equities research analysts forecast that Four Corners Property Trust, Inc. will post 1.52 earnings per share for the current year.

In other news, CAO Niccole Stewart sold 1,500 shares of the company’s stock in a transaction on Thursday, May 27th. The stock was sold at an average price of $28.14, for a total transaction of $42,210.00. Following the transaction, the chief accounting officer now owns 24,027 shares of the company’s stock, valued at $676,119.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Separately, Zacks Investment Research lowered Four Corners Property Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, April 27th.

About Four Corners Property Trust

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant 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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