Yousif Capital Management LLC Boosts Position in Four Corners Property Trust, Inc. $FCPT

Yousif Capital Management LLC boosted its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,370 shares of the financial services provider’s stock after purchasing an additional 716 shares during the quarter. Yousif Capital Management LLC’s holdings in Four Corners Property Trust were worth $1,006,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Trust Co. of Toledo NA OH purchased a new stake in Four Corners Property Trust during the second quarter worth $27,000. Costello Asset Management INC purchased a new stake in Four Corners Property Trust during the first quarter worth $40,000. Brooklyn Investment Group boosted its position in Four Corners Property Trust by 1,389.5% during the first quarter. Brooklyn Investment Group now owns 1,698 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 1,584 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Four Corners Property Trust during the first quarter worth $77,000. Finally, Smartleaf Asset Management LLC boosted its position in Four Corners Property Trust by 106.3% during the first quarter. Smartleaf Asset Management LLC now owns 2,845 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 1,466 shares in the last quarter. 98.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FCPT has been the topic of several recent research reports. UBS Group upped their price objective on Four Corners Property Trust from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Wall Street Zen upgraded Four Corners Property Trust from a “sell” rating to a “hold” rating in a research report on Sunday. Weiss Ratings restated a “hold (c)” rating on shares of Four Corners Property Trust in a research report on Tuesday, October 14th. Barclays reduced their price objective on Four Corners Property Trust from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Monday. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $27.00 price objective (down from $29.00) on shares of Four Corners Property Trust in a research report on Thursday, September 11th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.75.

Four Corners Property Trust Stock Performance

NYSE FCPT opened at $24.66 on Wednesday. The business’s 50-day moving average price is $25.07 and its 200 day moving average price is $26.38. Four Corners Property Trust, Inc. has a twelve month low of $23.64 and a twelve month high of $30.12. The company has a market capitalization of $2.58 billion, a PE ratio of 22.83 and a beta of 0.87. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.39.

Four Corners Property Trust (NYSE:FCPT) last released its earnings results on Tuesday, July 29th. The financial services provider reported $0.44 earnings per share 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 for the quarter, compared to the consensus estimate of $70.27 million. During the same period in the prior year, the business posted $0.43 earnings per share. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, research analysts predict 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 declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.355 per share. The ex-dividend date was Tuesday, September 30th. This represents a $1.42 annualized dividend and a yield of 5.8%. Four Corners Property Trust’s dividend payout ratio is currently 131.48%.

Insider Activity

In other Four Corners Property Trust news, CAO Niccole Stewart sold 3,950 shares of the company’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $25.30, for a total transaction of $99,935.00. Following the completion of the sale, the chief accounting officer directly owned 27,502 shares in the company, valued at $695,800.60. This represents a 12.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William H. Lenehan purchased 7,850 shares of the company’s stock in a transaction on Friday, September 12th. The shares were purchased at an average price of $25.40 per share, with a total value of $199,390.00. Following the completion of the purchase, the chief executive officer directly owned 698,426 shares of the company’s stock, valued at $17,740,020.40. The trade was a 1.14% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company’s stock.

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.