Cwm LLC Increases Position in Four Corners Property Trust, Inc. $FCPT

Cwm LLC lifted its position in Four Corners Property Trust, Inc. (NYSE:FCPT) by 85.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,528 shares of the financial services provider’s stock after acquiring an additional 2,553 shares during the period. Cwm LLC’s holdings in Four Corners Property Trust were worth $149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in Four Corners Property Trust by 9.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,551 shares of the financial services provider’s stock worth $274,000 after purchasing an additional 796 shares during the period. KBC Group NV lifted its position in shares of 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 in the last quarter. GAMMA Investing LLC lifted its position in shares of Four Corners Property Trust by 23.6% during the 1st quarter. GAMMA Investing LLC now owns 6,457 shares of the financial services provider’s stock valued at $185,000 after buying an additional 1,231 shares in the last quarter. Retirement Planning Co of New England Inc. acquired a new stake in Four Corners Property Trust in the 1st quarter valued at $437,000. Finally, MQS Management LLC acquired a new stake in Four Corners Property Trust in the 1st quarter valued at $1,332,000. 98.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Four Corners Property Trust

In other news, CEO William H. Lenehan acquired 7,850 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was purchased at an average cost of $25.40 per share, for a total transaction of $199,390.00. Following the completion of the transaction, the chief executive officer owned 698,426 shares in the company, valued at approximately $17,740,020.40. This trade represents a 1.14% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Niccole Stewart sold 3,950 shares of Four Corners Property Trust 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 transaction, the chief accounting officer directly owned 27,502 shares in the company, valued at $695,800.60. This trade represents a 12.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on FCPT. Robert W. Baird set a $29.00 price objective on shares of Four Corners Property Trust in a research report on Wednesday. Barclays cut their target price on shares of Four Corners Property Trust from $29.00 to $28.00 and set an “equal weight” rating for the company in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Four Corners Property Trust in a research note on Tuesday, October 14th. UBS Group lifted their price objective on Four Corners Property Trust from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Finally, Wall Street Zen raised Four Corners Property Trust from a “sell” rating to a “hold” rating in a report on Sunday, October 19th. Two 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.com, the stock has a consensus rating of “Hold” and a consensus target price of $28.80.

Four Corners Property Trust Price Performance

NYSE:FCPT opened at $23.55 on Friday. Four Corners Property Trust, Inc. has a one year low of $23.05 and a one year high of $30.12. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a market cap of $2.46 billion, a PE ratio of 21.61 and a beta of 0.87. The stock has a 50 day moving average price of $24.87 and a 200 day moving average price of $26.25.

Four Corners Property Trust (NYSE:FCPT) last released its quarterly earnings data on Tuesday, October 28th. The financial services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The company had revenue of $74.15 million for the quarter, compared to analyst estimates of $71.86 million. Four Corners Property Trust had a return on equity of 7.39% and a net margin of 38.04%.The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share. Equities research analysts expect that Four Corners Property Trust, Inc. will post 1.68 EPS for the current fiscal year.

Four Corners Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.355 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 6.0%. Four Corners Property Trust’s dividend payout ratio is currently 131.48%.

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.