Four Corners Property (FCPT) Holdings Boosted by Teachers Insurance & Annuity Association of America

Teachers Insurance & Annuity Association of America grew its holdings in shares of Four Corners Property (NYSE:FCPT) by 21.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,563 shares of the financial services provider’s stock after purchasing an additional 14,754 shares during the period. Teachers Insurance & Annuity Association of America’s holdings in Four Corners Property were worth $1,929,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. increased its position in Four Corners Property by 3.2% during the 4th quarter. BlackRock Inc. now owns 9,536,390 shares of the financial services provider’s stock worth $245,083,000 after purchasing an additional 292,699 shares during the period. Prudential Financial Inc. increased its position in Four Corners Property by 10.7% during the 1st quarter. Prudential Financial Inc. now owns 2,224,290 shares of the financial services provider’s stock worth $51,359,000 after purchasing an additional 215,144 shares during the period. Teachers Advisors LLC increased its position in Four Corners Property by 1.8% during the 4th quarter. Teachers Advisors LLC now owns 1,219,895 shares of the financial services provider’s stock worth $31,351,000 after purchasing an additional 20,982 shares during the period. Wells Fargo & Company MN increased its position in Four Corners Property by 329.5% during the 1st quarter. Wells Fargo & Company MN now owns 1,016,240 shares of the financial services provider’s stock worth $23,464,000 after purchasing an additional 779,655 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Four Corners Property by 4.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 810,342 shares of the financial services provider’s stock worth $20,194,000 after purchasing an additional 32,032 shares during the period. Institutional investors own 89.73% of the company’s stock.

Several equities analysts have issued reports on the company. Zacks Investment Research cut Four Corners Property from a “hold” rating to a “sell” rating in a research report on Friday, April 27th. Ladenburg Thalmann reiterated a “buy” rating and set a $26.00 target price (down previously from $28.00) on shares of Four Corners Property in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Four Corners Property currently has a consensus rating of “Hold” and an average target price of $26.75.

NYSE FCPT opened at $22.08 on Thursday. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 16.24 and a beta of 0.01. The company has a debt-to-equity ratio of 0.98, a quick ratio of 4.54 and a current ratio of 4.54. Four Corners Property has a 12-month low of $21.94 and a 12-month high of $22.13.

Four Corners Property (NYSE:FCPT) last released its quarterly earnings results on Tuesday, February 20th. The financial services provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.10). The firm had revenue of $33.84 million during the quarter, compared to analyst estimates of $34.16 million. Four Corners Property had a return on equity of 13.31% and a net margin of 53.30%. equities research analysts forecast that Four Corners Property will post 1.43 EPS for the current year.

About Four Corners Property

FCPT 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 for use in the restaurant and related food services industry.

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Institutional Ownership by Quarter for Four Corners Property (NYSE:FCPT)

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