Centersquare Investment Management has increased its stake in Four Corners Property Trust by 33.8% during the first quarter. This brings their total holdings to 19,426 shares valued at approximately $456,000. Institutional investors and hedge funds collectively own 98.66% of the stock, indicating strong confidence in the company.

Company Overview

Four Corners Property Trust specializes in owning, acquiring, and leasing restaurant and retail properties. They aim to expand their portfolio by acquiring more real estate in these sectors, taking advantage of the recovery and growth in consumer spending post-pandemic.

Analyst Ratings and Financial Performance

Analysts have given positive ratings for Four Corners Property Trust, with price targets ranging from $28.00 to $33.00. The consensus rating is "Moderate Buy" with an average price target of $30.50. The company's recent quarterly earnings report showed a revenue increase to $66.79 million, surpassing analyst expectations. The firm reported a net margin of 37.27% and a return on equity of 7.68%, indicating strong operational performance.

Hedge Fund Activity

Several hedge funds, including BNP Paribas Financial Markets, ProShare Advisors LLC, and Entropy Technologies LP, have increased their holdings in Four Corners Property Trust. The State Board of Administration of Florida Retirement System has also significantly increased its holdings.

Stock Volatility and Financial Ratios

Four Corners Property Trust's stock has a moderate level of volatility compared to the broader market. The company has a current ratio and quick ratio of 0.17, reflecting its liquidity position, and a debt-to-equity ratio of 0.38, indicating a conservative approach to leveraging.

Recent Earnings and Future Expectations

In its most recent earnings report, Four Corners Property Trust reported earnings of $0.27 per share, falling short of the consensus estimate. However, the company showed a year-over-year revenue increase of 3.0%, demonstrating resilience in its business model.

Analysts expect Four Corners Property Trust to post earnings of $1.66 per share for the current year, reflecting expectations for recovery and growth. The company's focus on acquiring and leasing properties in the restaurant and retail sectors positions it well for opportunities in the real estate sector.