Synergy Investment Management LLC Makes New Investment in Four Corners Property Trust, Inc. (NYSE:FCPT)

Synergy Investment Management LLC bought a new position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,770 shares of the financial services provider’s stock, valued at approximately $48,000.

A number of other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in shares of Four Corners Property Trust by 165.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 860 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Four Corners Property Trust in the 3rd quarter worth approximately $51,000. Eagle Bay Advisors LLC lifted its holdings in shares of Four Corners Property Trust by 25.0% in the 4th 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 last quarter. KBC Group NV lifted its holdings in shares of Four Corners Property Trust by 50.4% in the 4th quarter. KBC Group NV now owns 3,702 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 1,240 shares during the last quarter. Finally, Vestcor Inc bought a new stake in shares of Four Corners Property Trust in the 3rd quarter worth approximately $109,000. Institutional investors own 98.66% of the company’s stock.

Four Corners Property Trust Stock Up 1.4 %

Shares of Four Corners Property Trust stock opened at $28.99 on Thursday. The business’s fifty day moving average price is $27.67 and its two-hundred day moving average price is $28.34. 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 company has a market capitalization of $2.90 billion, a P/E ratio of 27.10 and a beta of 1.16. Four Corners Property Trust, Inc. has a 1-year low of $22.38 and a 1-year high of $30.93.

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

Wall Street Analysts Forecast Growth

FCPT has been the topic of several recent research reports. Barclays cut their price target on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. UBS Group initiated coverage on Four Corners Property Trust in a report on Thursday, November 14th. They issued a “buy” rating and a $33.00 price target on the stock. Finally, JMP Securities reissued a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.40.

About Four Corners Property Trust

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.