Hilton Capital Management buys $7,087,851 stake in Four Corners Property Trust Inc (FCPT)

Four Corners Property Trust Inc (FCPT) : Hilton Capital Management scooped up 31,670 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 Oct 11, 2016. The investment management firm now holds a total of 348,640 shares of Four Corners Property Trust Inc which is valued at $7,087,851.Four Corners Property Trust Inc makes up approximately 1.85% of Hilton Capital Management’s portfolio.

Other Hedge Funds, Including , Cupps Capital Management reduced its stake in FCPT by selling 48,894 shares or 40.08% in the most recent quarter. The Hedge Fund company now holds 73,101 shares of FCPT which is valued at $1,486,143. Four Corners Property Trust Inc makes up approx 0.65% of Cupps Capital Management’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in FCPT by selling 5,280 shares or 30.44% in the most recent quarter. The Hedge Fund company now holds 12,065 shares of FCPT which is valued at $243,230.Independent Portfolio Consultants boosted its stake in FCPT in the latest quarter, The investment management firm added 2,865 additional shares and now holds a total of 11,670 shares of Four Corners Property Trust Inc which is valued at $235,267. Four Corners Property Trust Inc makes up approx 0.07% of Independent Portfolio Consultants’s portfolio.

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.

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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