Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Bought by Blue Trust Inc.

Blue Trust Inc. increased its stake in Four Corners Property Trust, Inc. (NYSE:FCPT) by 283.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,190 shares of the financial services provider’s stock after acquiring an additional 10,487 shares during the period. Blue Trust Inc.’s holdings in Four Corners Property Trust were worth $416,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FCPT. Larson Financial Group LLC boosted its holdings in shares of Four Corners Property Trust by 25,000.0% in the 1st quarter. Larson Financial Group LLC now owns 1,004 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 1,000 shares during the last quarter. Covestor Ltd raised its position in shares of Four Corners Property Trust by 23.2% in the 1st quarter. Covestor Ltd now owns 2,493 shares of the financial services provider’s stock worth $61,000 after buying an additional 470 shares during the period. GAMMA Investing LLC boosted its holdings in Four Corners Property Trust by 24.0% in the third quarter. GAMMA Investing LLC now owns 4,205 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 814 shares during the last quarter. Lazard Asset Management LLC grew its position in Four Corners Property Trust by 491.0% during the first quarter. Lazard Asset Management LLC now owns 7,973 shares of the financial services provider’s stock valued at $195,000 after acquiring an additional 6,624 shares during the period. Finally, Cape ANN Savings Bank acquired a new stake in Four Corners Property Trust during the third quarter worth about $200,000. 98.66% of the stock is currently owned by hedge funds and other institutional investors.

Four Corners Property Trust Price Performance

FCPT stock opened at $29.16 on Wednesday. The firm has a market cap of $2.68 billion, a P/E ratio of 27.25 and a beta of 1.10. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.13 and a current ratio of 0.13. Four Corners Property Trust, Inc. has a 1 year low of $20.51 and a 1 year high of $30.93. The stock has a 50-day simple moving average of $28.84 and a 200-day simple moving average of $26.28.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.14). The firm had revenue of $66.48 million during the quarter, compared to analyst estimates of $63.70 million. Four Corners Property Trust had a net margin of 37.01% and a return on equity of 7.72%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same period last year, the business earned $0.42 EPS. On average, equities analysts predict that Four Corners Property Trust, Inc. will post 1.66 earnings per share for the current fiscal year.

Four Corners Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend was Monday, September 30th. Four Corners Property Trust’s dividend payout ratio (DPR) is 128.97%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FCPT. JMP Securities reaffirmed a “market perform” rating on shares of Four Corners Property Trust in a research note on Wednesday, August 28th. Raymond James lifted their price target on shares of Four Corners Property Trust from $27.00 to $29.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Wells Fargo & Company reissued an “overweight” rating and issued a $32.00 price objective (up previously from $28.00) on shares of Four Corners Property Trust in a research report on Tuesday, October 1st. Finally, Evercore ISI lifted their target price on shares of Four Corners Property Trust from $26.00 to $28.00 and gave the company an “in-line” rating in a report on Wednesday, August 28th.

About Four Corners Property Trust

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.