Aptus Capital Advisors LLC Grows Position in Four Corners Property Trust, Inc. $FCPT

Aptus Capital Advisors LLC lifted its holdings in Four Corners Property Trust, Inc. (NYSE:FCPT) by 15.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 174,379 shares of the financial services provider’s stock after buying an additional 22,981 shares during the period. Aptus Capital Advisors LLC owned approximately 0.16% of Four Corners Property Trust worth $4,255,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Four Corners Property Trust by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 11,712,512 shares of the financial services provider’s stock valued at $285,785,000 after acquiring an additional 237,155 shares during the last quarter. State Street Corp boosted its holdings in shares of Four Corners Property Trust by 2.0% during the 2nd quarter. State Street Corp now owns 5,811,410 shares of the financial services provider’s stock worth $158,408,000 after purchasing an additional 116,711 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Four Corners Property Trust by 7.2% during the 3rd quarter. Victory Capital Management Inc. now owns 3,902,064 shares of the financial services provider’s stock worth $95,210,000 after purchasing an additional 262,581 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Four Corners Property Trust by 2.6% in the second quarter. Geode Capital Management LLC now owns 2,671,928 shares of the financial services provider’s stock valued at $71,910,000 after purchasing an additional 68,415 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its position in shares of Four Corners Property Trust by 23.9% in the second quarter. Balyasny Asset Management L.P. now owns 2,159,994 shares of the financial services provider’s stock valued at $58,125,000 after purchasing an additional 417,134 shares in the last quarter. 98.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Four Corners Property Trust

In related news, CEO William H. Lenehan acquired 7,865 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were purchased at an average cost of $25.49 per share, for a total transaction of $200,478.85. Following the acquisition, the chief executive officer owned 765,845 shares in the company, valued at $19,521,389.05. The trade was a 1.04% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Four Corners Property Trust Stock Up 0.6%

FCPT stock opened at $25.66 on Friday. Four Corners Property Trust, Inc. has a one year low of $22.78 and a one year high of $29.81. The firm has a market cap of $2.82 billion, a PE ratio of 23.33 and a beta of 0.82. The firm’s 50 day moving average price is $24.62 and its 200-day moving average price is $24.45. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.13 and a current ratio of 0.13.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings data on Wednesday, February 11th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The firm had revenue of $75.67 million during the quarter, compared to the consensus estimate of $76.04 million. Four Corners Property Trust had a return on equity of 7.39% and a net margin of 38.20%.The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the company earned $0.44 EPS. On average, equities research analysts anticipate that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Four Corners Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.3665 per share. The ex-dividend date is Tuesday, March 31st. This represents a $1.47 dividend on an annualized basis and a dividend yield of 5.7%. Four Corners Property Trust’s dividend payout ratio (DPR) is currently 133.64%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Four Corners Property Trust in a research report on Friday, January 9th. Evercore dropped their target price on Four Corners Property Trust from $29.00 to $26.00 and set an “in-line” rating for the company in a report on Monday, December 15th. Citigroup reaffirmed a “market perform” rating on shares of Four Corners Property Trust in a research note on Monday, January 5th. Finally, Wells Fargo & Company reduced their price target on Four Corners Property Trust from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 25th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $28.00.

Four Corners Property Trust Profile

Four Corners Property Trust is a publicly traded real estate investment trust focused on acquiring and managing single-tenant commercial properties subject to long-term, triple-net leases. The company targets industrial, manufacturing, distribution, office and retail facilities leased to creditworthy tenants. By concentrating on net-lease structures, Four Corners seeks to generate stable, predictable income streams and mitigate operating cost variability.

The firm’s core activities include sourcing off-market and broker-sourced acquisition opportunities, conducting rigorous credit and property due diligence, and structuring lease agreements that shift property taxes, insurance and maintenance expenses to tenants.