7,262 Shares in Four Corners Property Trust, Inc. (NYSE:FCPT) Acquired by Xponance Inc.

Xponance Inc. purchased a new position in Four Corners Property Trust, Inc. (NYSE:FCPT) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,262 shares of the financial services provider’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. GF Fund Management CO. LTD. acquired a new stake in Four Corners Property Trust during the 4th quarter valued at $46,000. Quarry LP acquired a new stake in Four Corners Property Trust during the 4th quarter valued at $49,000. Sterling Capital Management LLC grew its holdings in Four Corners Property Trust by 856.0% during the 4th 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 last quarter. KBC Group NV grew its holdings in Four Corners Property Trust by 40.8% during the 1st quarter. KBC Group NV now owns 5,212 shares of the financial services provider’s stock valued at $150,000 after buying an additional 1,510 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in Four Corners Property Trust by 10.4% during the 4th quarter. Signaturefd LLC now owns 6,141 shares of the financial services provider’s stock valued at $167,000 after buying an additional 579 shares during the last quarter. Institutional investors and hedge funds own 98.66% of the company’s stock.

Four Corners Property Trust Trading Up 0.2%

Shares of Four Corners Property Trust stock opened at $26.32 on Monday. Four Corners Property Trust, Inc. has a fifty-two week low of $25.01 and a fifty-two week high of $30.93. The firm has a market cap of $2.64 billion, a PE ratio of 24.60 and a beta of 0.84. The business’s fifty day moving average is $27.17 and its two-hundred day moving average is $27.61. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.40.

Four Corners Property Trust (NYSE:FCPT) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. The business had revenue of $71.48 million for the quarter, compared to analyst estimates 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 last year, the company posted $0.43 EPS. Analysts anticipate that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current year.

Four Corners Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 5.40%. The ex-dividend date of this dividend was Monday, June 30th. Four Corners Property Trust’s dividend payout ratio (DPR) is currently 132.71%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wells Fargo & Company reduced their price target on Four Corners Property Trust from $31.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, June 2nd. UBS Group reduced their price target on Four Corners Property Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, May 13th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $29.40.

Insider Buying and Selling at Four Corners Property Trust

In related news, Director John S. Moody sold 7,667 shares of the 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 transaction, the director directly owned 53,821 shares of the company’s stock, valued at approximately $1,475,771.82. This trade represents a 12.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.20% of the company’s stock.

Four Corners Property Trust Company 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.