Today, IndexIQ Advisors LLC Reached $1,283,000 position of Four Corners Property Trust Inc. (FCPT)

Today, IndexIQ Advisors LLC Reached $1,283,000 position  of Four Corners Property Trust Inc. (FCPT)

IndexIQ Advisors LLC raised its position in shares of Four Corners Property Trust Inc. (NYSE:FCPT) by 24.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,128 shares of the company’s stock after buying an additional 11,627 shares during the period. IndexIQ Advisors LLC owned 0.10% of Four Corners Property Trust worth $1,283,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Hilton Capital Management LLC increased its position in shares of Four Corners Property Trust by 8.4% in the second quarter. Hilton Capital Management LLC now owns 316,970 shares of the company’s stock worth $6,526,000 after buying an additional 24,567 shares in the last quarter. Cortina Asset Management LLC increased its position in shares of Four Corners Property Trust by 19.2% in the second quarter. Cortina Asset Management LLC now owns 299,272 shares of the company’s stock worth $6,162,000 after buying an additional 48,244 shares in the last quarter. SECOR Capital Advisors LP acquired a new position in shares of Four Corners Property Trust during the second quarter worth $3,174,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Four Corners Property Trust during the second quarter worth $2,059,000. Finally, UBS Asset Management Americas Inc. increased its position in shares of Four Corners Property Trust by 72.3% in the second quarter. UBS Asset Management Americas Inc. now owns 66,680 shares of the company’s stock worth $1,373,000 after buying an additional 27,988 shares in the last quarter. 90.55% of the stock is owned by institutional investors and hedge funds.

Shares of Four Corners Property Trust Inc. (NYSE:FCPT) traded up 1.10% during midday trading on Friday, hitting $19.22. 62,499 shares of the company traded hands. The company has a 50-day moving average price of $19.67 and a 200-day moving average price of $20.29. Four Corners Property Trust Inc. has a 52 week low of $14.09 and a 52 week high of $24.44. The stock has a market capitalization of $1.15 billion and a P/E ratio of 8.88.

Four Corners Property Trust (NYSE:FCPT) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The company earned $30.82 million during the quarter, compared to analysts’ expectations of $19.53 million. Four Corners Property Trust had a net margin of 115.37% and a return on equity of 29.56%. The firm’s quarterly revenue was up 598.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.00 EPS. Analysts anticipate that Four Corners Property Trust Inc. will post $1.32 earnings per share for the current fiscal year.

FCPT has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Four Corners Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, October 11th. JMP Securities downgraded shares of Four Corners Property Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, August 22nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Four Corners Property Trust has an average rating of “Hold” and an average target price of $22.00.

About Four Corners Property Trust

Four Corners Property Trust, Inc is a self-administered company, which is engaged in the ownership, acquisition and leasing of restaurant properties. The Company’s business is conducted through its subsidiaries, Four Corners Operating Partnership, LP (Four Corners OP) and Four Corners GP, LLC (Four Corners GP).

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