Clear Trail Advisors LLC Invests $1.33 Million in Four Corners Property Trust, Inc. $FCPT

Clear Trail Advisors LLC acquired a new stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 57,575 shares of the financial services provider’s stock, valued at approximately $1,328,000. Clear Trail Advisors LLC owned approximately 0.05% of Four Corners Property Trust as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Four Corners Property Trust by 2.1% during the third quarter. Vanguard Group Inc. now owns 11,712,512 shares of the financial services provider’s stock worth $285,785,000 after buying an additional 237,155 shares during the period. State Street Corp boosted its position in 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 valued at $158,408,000 after acquiring an additional 116,711 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Four Corners Property Trust by 7.2% in the 3rd quarter. Victory Capital Management Inc. now owns 3,902,064 shares of the financial services provider’s stock valued at $95,210,000 after acquiring an additional 262,581 shares during the period. Balyasny Asset Management L.P. increased its holdings in shares of Four Corners Property Trust by 23.9% in the 2nd 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 acquiring an additional 417,134 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Four Corners Property Trust by 5.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,483,048 shares of the financial services provider’s stock worth $36,186,000 after acquiring an additional 76,666 shares in the last quarter. 98.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FCPT. Wells Fargo & Company dropped their price objective on Four Corners Property Trust from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. Evercore reduced their target price on shares of 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 reissued a “market perform” rating on shares of Four Corners Property Trust in a research report on Monday, January 5th. Raymond James Financial lowered their price target on shares of Four Corners Property Trust from $29.00 to $28.00 and set an “outperform” rating on the stock in a report on Tuesday, March 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Four Corners Property Trust in a research note on Friday, January 9th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Four Corners Property Trust has an average rating of “Hold” and an average price target of $27.83.

Four Corners Property Trust Trading Down 0.4%

Shares of NYSE:FCPT opened at $24.18 on Tuesday. The business’s 50-day moving average is $25.02 and its 200 day moving average is $24.40. Four Corners Property Trust, Inc. has a 1 year low of $22.78 and a 1 year high of $28.98. The firm has a market capitalization of $2.65 billion, a P/E ratio of 21.98 and a beta of 0.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.13 and a quick ratio of 0.13.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings results on Wednesday, February 11th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. Four Corners Property Trust had a return on equity of 7.39% and a net margin of 38.20%.The business had revenue of $75.67 million during the quarter, compared to the consensus estimate of $76.04 million. During the same quarter last year, the company earned $0.44 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. On average, research analysts predict 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 announced 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. This represents a $1.47 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Tuesday, March 31st. Four Corners Property Trust’s payout ratio is currently 132.73%.

Insider Transactions at Four Corners Property Trust

In related news, CEO William H. Lenehan purchased 7,865 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was acquired at an average price of $25.49 per share, with a total value of $200,478.85. Following the completion of the acquisition, the chief executive officer owned 765,845 shares in the company, valued at approximately $19,521,389.05. This represents a 1.04% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.20% of the company’s stock.

About Four Corners Property Trust

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.