V3 Capital Management Lowers stake in Four Corners Property Trust Inc (FCPT)

Four Corners Property Trust Inc (FCPT) : V3 Capital Management reduced its stake in Four Corners Property Trust Inc by 6.42% during the most recent quarter end. The investment management company now holds a total of 1,475,699 shares of Four Corners Property Trust Inc which is valued at $27,182,376 after selling 101,250 shares in Four Corners Property Trust Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Four Corners Property Trust Inc makes up approximately 7.32% of V3 Capital Management’s portfolio.

Other Hedge Funds, Including , Yost Capital Management L.l.c. reduced its stake in FCPT by selling 275,700 shares or 31.37% in the most recent quarter. The Hedge Fund company now holds 603,289 shares of FCPT which is valued at $11,112,583. Four Corners Property Trust Inc makes up approx 6.78% of Yost Capital Management L.l.c.’s portfolio.Cipher Capital Lp boosted its stake in FCPT in the latest quarter, The investment management firm added 83,085 additional shares and now holds a total of 262,907 shares of Four Corners Property Trust Inc which is valued at $4,663,970. Four Corners Property Trust Inc makes up approx 0.29% of Cipher Capital Lp’s portfolio.Ubs Asset Management Americas Inc boosted its stake in FCPT in the latest quarter, The investment management firm added 15,665 additional shares and now holds a total of 82,345 shares of Four Corners Property Trust Inc which is valued at $1,585,141. Peregrine Capital Management added FCPT to its portfolio by purchasing 501,766 company shares during the most recent quarter which is valued at $10,010,232. Four Corners Property Trust Inc makes up approx 0.28% of Peregrine Capital Management’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in FCPT in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 9,760 shares of Four Corners Property Trust Inc which is valued at $195,981.

On the company’s financial health, Four Corners Property Trust Inc reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $0.33. The company had revenue of $30.82 million for the quarter, compared to analysts expectations of $31.35 million. The company’s revenue was up 598.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.

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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