Four Corners Property Trust, Inc. $FCPT Stake Raised by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC raised its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 13.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,322 shares of the financial services provider’s stock after purchasing an additional 1,840 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Four Corners Property Trust were worth $412,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Trust Co. of Toledo NA OH acquired a new stake in shares of Four Corners Property Trust during the 2nd quarter valued at about $27,000. Costello Asset Management INC acquired a new stake in shares of Four Corners Property Trust during the 1st quarter valued at about $40,000. Brooklyn Investment Group lifted its holdings in shares of Four Corners Property Trust by 1,389.5% during the 1st quarter. Brooklyn Investment Group now owns 1,698 shares of the financial services provider’s stock valued at $49,000 after buying an additional 1,584 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Four Corners Property Trust during the 1st quarter valued at about $77,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Four Corners Property Trust by 106.3% during the 1st quarter. Smartleaf Asset Management LLC now owns 2,845 shares of the financial services provider’s stock valued at $81,000 after buying an additional 1,466 shares during the last quarter. 98.66% of the stock is currently owned by institutional investors and hedge funds.

Four Corners Property Trust Price Performance

Shares of FCPT stock opened at $24.71 on Thursday. The stock’s fifty day simple moving average is $25.05 and its 200 day simple moving average is $26.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 22.88 and a beta of 0.87. Four Corners Property Trust, Inc. has a one year low of $23.64 and a one year high of $30.12.

Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. The business had revenue of $72.84 million for the quarter, compared to analyst estimates of $70.27 million. Four Corners Property Trust had a return on equity of 7.40% and a net margin of 37.87%.Four Corners Property Trust’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 EPS. On average, analysts expect 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 business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $0.355 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.42 annualized dividend and a yield of 5.7%. Four Corners Property Trust’s payout ratio is currently 131.48%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Four Corners Property Trust in a report on Tuesday, October 14th. Wall Street Zen raised Four Corners Property Trust from a “sell” rating to a “hold” rating in a research note on Sunday. Barclays cut 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 note on Monday. UBS Group raised their price objective on Four Corners Property Trust from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Finally, Wells Fargo & Company reissued 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 note on Thursday, September 11th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $28.75.

Insider Buying and Selling at Four Corners Property Trust

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

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.