B&I Capital AG Grows Holdings in Four Corners Property Trust, Inc. $FCPT

B&I Capital AG increased its position in Four Corners Property Trust, Inc. (NYSE:FCPT) by 2.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 223,100 shares of the financial services provider’s stock after purchasing an additional 5,100 shares during the period. Four Corners Property Trust accounts for about 2.0% of B&I Capital AG’s investment portfolio, making the stock its 24th biggest holding. B&I Capital AG owned about 0.21% of Four Corners Property Trust worth $6,004,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC grew its position in Four Corners Property Trust by 15.0% in the 1st quarter. CWM LLC now owns 2,975 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 389 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Four Corners Property Trust by 154.8% in the 1st quarter. Allianz Asset Management GmbH now owns 56,305 shares of the financial services provider’s stock worth $1,616,000 after acquiring an additional 34,205 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Four Corners Property Trust during the 1st quarter worth about $292,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Four Corners Property Trust in the 1st quarter valued at approximately $2,340,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Four Corners Property Trust by 7.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 108,674 shares of the financial services provider’s stock valued at $3,119,000 after purchasing an additional 7,966 shares in the last quarter. Institutional investors and hedge funds own 98.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FCPT shares. UBS Group lifted their target price on shares of 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. Raymond James Financial decreased 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 report on Thursday, July 31st. Weiss Ratings restated a “hold (c)” rating on shares of Four Corners Property Trust in a report on Tuesday, October 14th. Wells Fargo & Company lowered their price objective on shares of Four Corners Property Trust from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Barclays decreased their target price 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, October 20th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $28.40.

Four Corners Property Trust Stock Performance

Shares of NYSE:FCPT opened at $24.03 on Thursday. The business has a 50-day moving average price of $24.21 and a two-hundred day moving average price of $25.72. Four Corners Property Trust, Inc. has a 1-year low of $23.05 and a 1-year high of $30.12. The stock has a market capitalization of $2.55 billion, a P/E ratio of 22.05 and a beta of 0.88. 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 announced its quarterly earnings results 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. Four Corners Property Trust had a net margin of 38.04% and a return on equity of 7.39%. The company had revenue of $74.15 million for the quarter, compared to analysts’ expectations of $71.86 million. During the same period last year, the firm posted $0.43 earnings per share. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. Equities analysts predict that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current year.

Four Corners Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.3665 dividend. This is a positive change from Four Corners Property Trust’s previous quarterly dividend of $0.36. This represents a $1.47 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Wednesday, December 31st. Four Corners Property Trust’s dividend payout ratio is 130.28%.

Insider Activity at Four Corners Property Trust

In other news, CEO William H. Lenehan bought 7,850 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were bought at an average cost of $25.40 per share, with a total value of $199,390.00. Following the acquisition, the chief executive officer owned 698,426 shares in the company, valued at $17,740,020.40. This trade represents a 1.14% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Niccole Stewart sold 3,950 shares of Four Corners Property Trust stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $25.30, for a total value of $99,935.00. Following the transaction, the chief accounting officer owned 27,502 shares of the company’s stock, valued at $695,800.60. This represents a 12.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.20% of the stock is owned by company insiders.

Four Corners Property Trust 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.