Nisa Investment Advisors LLC Has $831,000 Holdings in Four Corners Property Trust, Inc. (NYSE:FCPT)

Nisa Investment Advisors LLC cut its holdings in Four Corners Property Trust, Inc. (NYSE:FCPT) by 6.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,562 shares of the financial services provider’s stock after selling 2,053 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Four Corners Property Trust were worth $831,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its holdings in shares of Four Corners Property Trust by 234.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 817 shares in the last quarter. VSM Wealth Advisory LLC purchased a new stake in Four Corners Property Trust in the 4th quarter valued at $39,000. GF Fund Management CO. LTD. purchased a new stake in Four Corners Property Trust in the 4th quarter valued at $46,000. Quarry LP purchased a new stake in Four Corners Property Trust in the 4th quarter valued at $49,000. Finally, Sterling Capital Management LLC grew its position in Four Corners Property Trust by 856.0% during the fourth quarter. Sterling Capital Management LLC now owns 3,040 shares of the financial services provider’s stock valued at $83,000 after buying an additional 2,722 shares during the period. 98.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on FCPT. Wells Fargo & Company cut their price target 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 reduced their target price on Four Corners Property Trust from $33.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, May 13th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $29.40.

Four Corners Property Trust Stock Performance

NYSE:FCPT opened at $26.26 on Wednesday. The business has a 50 day moving average of $27.25 and a 200 day moving average of $27.62. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 24.54 and a beta of 0.84. Four Corners Property Trust, Inc. has a 1-year low of $25.01 and a 1-year high of $30.93. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.14 and a quick ratio of 0.14.

Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The business had revenue of $71.48 million for the quarter, compared to analysts’ expectations of $67.17 million. Four Corners Property Trust had a return on equity of 7.46% and a net margin of 37.57%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. On average, sell-side analysts predict that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Four Corners Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $0.355 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.42 annualized dividend and a dividend yield of 5.41%. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 132.71%.

Insider Activity

In related news, Director John S. Moody sold 7,667 shares of the company’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $27.42, for a total value of $210,229.14. Following the sale, the director directly owned 53,821 shares of the company’s stock, valued at $1,475,771.82. This represents a 12.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.20% of the company’s stock.

Four Corners Property Trust Profile

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.