Stifel Financial Corp Has $651,000 Stock Holdings in Four Corners Property Trust, Inc. (NYSE:FCPT)

Stifel Financial Corp lifted its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,976 shares of the financial services provider’s stock after purchasing an additional 606 shares during the quarter. Stifel Financial Corp’s holdings in Four Corners Property Trust were worth $651,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in Four Corners Property Trust by 234.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 817 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Four Corners Property Trust by 165.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 860 shares in the last quarter. VSM Wealth Advisory LLC acquired a new position in shares of Four Corners Property Trust in the 4th quarter valued at approximately $39,000. Synergy Investment Management LLC bought a new stake in Four Corners Property Trust during the 4th quarter worth approximately $48,000. Finally, Eagle Bay Advisors LLC increased its stake in Four Corners Property Trust by 25.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 425 shares in the last quarter. Institutional investors and hedge funds own 98.66% of the company’s stock.

Four Corners Property Trust Price Performance

FCPT stock opened at $27.75 on Monday. The company has a market capitalization of $2.79 billion, a P/E ratio of 25.93 and a beta of 0.86. The company has a fifty day moving average price of $27.95 and a 200-day moving average price of $28.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.11. Four Corners Property Trust, Inc. has a 52-week low of $23.70 and a 52-week high of $30.93.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. Four Corners Property Trust had a net margin of 37.48% and a return on equity of 7.54%. The company had revenue of $71.48 million for the quarter, compared to analyst estimates of $67.17 million. During the same period in the prior year, the firm posted $0.43 EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, equities analysts expect that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Four Corners Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 5.12%. The ex-dividend date of this dividend was Monday, March 31st. Four Corners Property Trust’s dividend payout ratio is presently 132.71%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FCPT shares. Wells Fargo & Company increased their price objective on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. JMP Securities reaffirmed a “market perform” rating on shares of Four Corners Property Trust in a research note on Thursday, February 13th. Finally, Barclays dropped their price target on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $30.20.

About Four Corners Property Trust

Four Corners Property Trust, Inc engages in the owning, acquisition, and leasing of properties for use in the restaurant and food-service related industries. It operates through the Real Estate Operations and Restaurant Operations segments. The Real Estate Operations segment consists of rental revenues generated by leasing restaurant properties.