Sandler Capital Management buys $15,482,100 stake in Four Corners Property Trust Inc (FCPT)

Four Corners Property Trust Inc (FCPT) : Sandler Capital Management scooped up 335,514 additional shares in Four Corners Property Trust Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 710,514 shares of Four Corners Property Trust Inc which is valued at $15,482,100.Four Corners Property Trust Inc makes up approximately 2.89% of Sandler Capital Management’s portfolio.

Other Hedge Funds, Including , Cubist Systematic Strategies boosted its stake in FCPT in the latest quarter, The investment management firm added 23,954 additional shares and now holds a total of 37,079 shares of Four Corners Property Trust Inc which is valued at $807,951. Four Corners Property Trust Inc makes up approx 0.04% of Cubist Systematic Strategies’s portfolio. State Of Wisconsin Investment Board sold out all of its stake in FCPT during the most recent quarter. The investment firm sold 41,721 shares of FCPT which is valued $909,101.Vanguard Group Inc boosted its stake in FCPT in the latest quarter, The investment management firm added 730,918 additional shares and now holds a total of 7,129,055 shares of Four Corners Property Trust Inc which is valued at $155,342,108. Four Corners Property Trust Inc makes up approx 0.01% of Vanguard Group Inc’s portfolio. First Interstate Bank sold out all of its stake in FCPT during the most recent quarter. The investment firm sold 98 shares of FCPT which is valued $2,112.Swiss National Bank reduced its stake in FCPT by selling 7,200 shares or 7.19% in the most recent quarter. The Hedge Fund company now holds 93,007 shares of FCPT which is valued at $1,992,210.

On the company’s financial health, Four Corners Property Trust Inc reported $0.30 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.33. The company had revenue of $30.91 million for the quarter, compared to analysts expectations of $31.40 million. The company’s revenue was up 569.0% compared to the same quarter last year.

Many Wall Street Analysts have commented on Four Corners Property Trust Inc. Four Corners Property Trust Inc was Downgraded by JMP Securities to ” Mkt Perform” on Aug 22, 2016. Company shares were Downgraded by Robert W. Baird on Jul 12, 2016 to ” Neutral”, Firm has raised the Price Target to $ 21 from a previous price target of $20 .

Four Corners Property Trust Inc. is engaged in owning acquiring and leasing properties on a triple-net basis for use in the restaurant industry and other industries. The Company owns approximately 424 restaurant properties. The Company’s properties are located across approximately 44 states in the United States. The Company’s portfolio includes around 300 Olive Garden restaurants 104 LongHorn Steakhouse restaurants 11 Bahama Breeze restaurants two Seasons 52 restaurants one Wildfish Seafood Grille restaurant as well as the six properties that consist of the LongHorn San Antonio Business. The Company acquires properties to lease to restaurant operators on a triple-net basis through sale-leaseback transactions. The Company operates as a dining company. The Company operates around 40 restaurants in the west 41 in the northeast 161 in the southeast 115 in the Midwest and 61 in the south in the United States.

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