American Century Companies Inc. Raises Stake in Four Corners Property Trust, Inc. $FCPT

American Century Companies Inc. boosted its position in Four Corners Property Trust, Inc. (NYSE:FCPT) by 4.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,594 shares of the financial services provider’s stock after buying an additional 1,215 shares during the period. American Century Companies Inc.’s holdings in Four Corners Property Trust were worth $792,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Costello Asset Management INC acquired a new position in Four Corners Property Trust in the first quarter valued at approximately $40,000. GF Fund Management CO. LTD. acquired a new position in Four Corners Property Trust in the fourth quarter valued at approximately $46,000. CWM LLC lifted its holdings in Four Corners Property Trust by 15.0% in the first quarter. CWM LLC now owns 2,975 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 389 shares during the period. KBC Group NV lifted its holdings in Four Corners Property Trust by 40.8% in the first quarter. KBC Group NV now owns 5,212 shares of the financial services provider’s stock valued at $150,000 after acquiring an additional 1,510 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Four Corners Property Trust by 23.6% in the first quarter. GAMMA Investing LLC now owns 6,457 shares of the financial services provider’s stock valued at $185,000 after acquiring an additional 1,231 shares during the period. Hedge funds and other institutional investors own 98.66% of the company’s stock.

Insider Activity at Four Corners Property Trust

In other 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 transaction, the director owned 53,821 shares of the company’s stock, valued at $1,475,771.82. This represents a 12.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is currently owned by company insiders.

Four Corners Property Trust Stock Up 0.8%

Shares of FCPT opened at $26.00 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.12 and a current ratio of 0.12. Four Corners Property Trust, Inc. has a one year low of $25.00 and a one year high of $30.93. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 24.07 and a beta of 0.86. The stock has a 50 day moving average price of $26.13 and a 200 day moving average price of $27.21.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. Four Corners Property Trust had a return on equity of 7.40% and a net margin of 37.87%.The firm had revenue of $72.84 million during the quarter, compared to analysts’ expectations of $70.27 million. During the same period in the previous year, the business earned $0.43 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities research analysts forecast 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 declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend was Monday, June 30th. Four Corners Property Trust’s dividend payout ratio is 131.48%.

Analysts Set New Price Targets

FCPT has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price target on Four Corners Property Trust from $30.00 to $29.00 and set an “overweight” rating for the company in a report on Wednesday, August 27th. Barclays decreased their price target on Four Corners Property Trust from $30.00 to $29.00 and set an “equal weight” rating for the company in a report on Wednesday, August 20th. Raymond James Financial reduced their target price on Four Corners Property Trust from $31.00 to $29.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Finally, UBS Group upped their target price on Four Corners Property Trust from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.50.

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.