Nisa Investment Advisors LLC Sells 1,965 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

Nisa Investment Advisors LLC decreased its position in Four Corners Property Trust, Inc. (NYSE:FCPT) by 5.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 36,288 shares of the financial services provider’s stock after selling 1,965 shares during the period. Nisa Investment Advisors LLC’s holdings in Four Corners Property Trust were worth $918,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Belpointe Asset Management LLC raised its holdings in shares of Four Corners Property Trust by 1,120.0% in the first quarter. Belpointe Asset Management LLC now owns 915 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 840 shares during the last quarter. Fortis Capital Advisors LLC grew its position in Four Corners Property Trust by 18,200.0% in the first quarter. Fortis Capital Advisors LLC now owns 915 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 910 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in Four Corners Property Trust in the 2nd quarter valued at $33,000. Lazard Asset Management LLC bought a new stake in Four Corners Property Trust during the 3rd quarter worth about $52,000. Finally, Quantbot Technologies LP lifted its position in Four Corners Property Trust by 72.4% during the 1st quarter. Quantbot Technologies LP now owns 2,559 shares of the financial services provider’s stock worth $69,000 after buying an additional 1,075 shares in the last quarter. Institutional investors own 98.66% of the company’s stock.

Four Corners Property Trust Stock Performance

Shares of FCPT opened at $23.24 on Tuesday. The company has a market cap of $2.14 billion, a PE ratio of 21.52 and a beta of 1.00. The firm has a 50-day moving average of $23.85 and a 200-day moving average of $23.54. Four Corners Property Trust, Inc. has a one year low of $20.51 and a one year high of $27.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.12 and a quick ratio of 0.12.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings results on Thursday, February 15th. The financial services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.13). The business had revenue of $65.14 million for the quarter, compared to the consensus estimate of $65.23 million. Four Corners Property Trust had a return on equity of 7.78% and a net margin of 38.04%. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. As a group, equities analysts forecast that Four Corners Property Trust, Inc. will post 1.64 earnings per share for the current year.

Four Corners Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 5.94%. The ex-dividend date was Wednesday, March 27th. Four Corners Property Trust’s payout ratio is presently 127.78%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wells Fargo & Company lifted their target price on Four Corners Property Trust from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Tuesday, February 20th. Raymond James lowered their price target on Four Corners Property Trust from $29.00 to $28.00 and set an “outperform” rating on the stock in a research report on Monday, January 8th.

Four Corners Property Trust Profile

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.