Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its stake in Four Corners Property Trust, Inc. (NYSE:FCPT) by 5.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,755 shares of the financial services provider’s stock after purchasing an additional 450 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Four Corners Property Trust were worth $238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the business. GF Fund Management CO. LTD. acquired a new position in Four Corners Property Trust during the fourth quarter worth approximately $46,000. Public Employees Retirement System of Ohio boosted its stake in shares of Four Corners Property Trust by 1.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 260,842 shares of the financial services provider’s stock valued at $7,079,000 after buying an additional 4,697 shares in the last quarter. Palisades Investment Partners LLC boosted its position in Four Corners Property Trust by 8.3% during the fourth quarter. Palisades Investment Partners LLC now owns 31,303 shares of the financial services provider’s stock worth $850,000 after purchasing an additional 2,407 shares in the last quarter. PharVision Advisers LLC purchased a new stake in Four Corners Property Trust during the fourth quarter worth $201,000. Finally, Voloridge Investment Management LLC raised its holdings in shares of Four Corners Property Trust by 24.5% in the fourth quarter. Voloridge Investment Management LLC now owns 360,369 shares of the financial services provider’s stock worth $9,780,000 after acquiring an additional 71,000 shares during the last quarter. Institutional investors and hedge funds own 98.66% of the company’s stock.

Insider Buying and Selling at Four Corners Property Trust

In other Four Corners Property Trust news, CAO Niccole Stewart sold 9,100 shares of the business’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $27.28, for a total transaction of $248,248.00. Following the completion of the sale, the chief accounting officer now owns 31,204 shares of the company’s stock, valued at approximately $851,245.12. The trade was a 22.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John S. Moody sold 7,667 shares of the company’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $27.42, for a total value of $210,229.14. Following the completion of the sale, the director now directly owns 53,821 shares of the company’s stock, valued at $1,475,771.82. The trade was a 12.47% decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Four Corners Property Trust Stock Performance

Four Corners Property Trust stock opened at $27.30 on Tuesday. The firm has a market capitalization of $2.74 billion, a P/E ratio of 25.51 and a beta of 0.86. The stock has a fifty day moving average price of $27.55 and a 200 day moving average price of $27.80. Four Corners Property Trust, Inc. has a 52 week low of $24.14 and a 52 week high of $30.93. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. Four Corners Property Trust had a return on equity of 7.54% and a net margin of 37.48%. The firm had revenue of $71.48 million during the quarter, compared to the consensus estimate of $67.17 million. During the same quarter in the previous year, the business earned $0.43 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities research analysts anticipate that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current year.

Four Corners Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date is Monday, June 30th. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 132.71%.

Analysts Set New Price Targets

FCPT has been the subject of several analyst reports. Wells Fargo & Company dropped their target price on Four Corners Property Trust from $31.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, June 2nd. UBS Group dropped their target price on Four Corners Property Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.40.

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.