Pensionfund DSM Netherlands Sells 7,000 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

Pensionfund DSM Netherlands lessened its stake in Four Corners Property Trust, Inc. (NYSE:FCPT) by 20.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,000 shares of the financial services provider’s stock after selling 7,000 shares during the period. Pensionfund DSM Netherlands’ holdings in Four Corners Property Trust were worth $760,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Verdence Capital Advisors LLC boosted its holdings in Four Corners Property Trust by 4.5% in the third quarter. Verdence Capital Advisors LLC now owns 12,298 shares of the financial services provider’s stock valued at $360,000 after acquiring an additional 527 shares during the last quarter. MML Investors Services LLC boosted its stake in shares of Four Corners Property Trust by 5.6% in the 3rd quarter. MML Investors Services LLC now owns 11,881 shares of the financial services provider’s stock valued at $348,000 after purchasing an additional 635 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Four Corners Property Trust by 24.0% during the third quarter. GAMMA Investing LLC now owns 4,205 shares of the financial services provider’s stock worth $123,000 after buying an additional 814 shares during the period. Arizona State Retirement System raised its stake in Four Corners Property Trust by 3.5% during the second quarter. Arizona State Retirement System now owns 25,753 shares of the financial services provider’s stock worth $635,000 after buying an additional 863 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Four Corners Property Trust by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,570 shares of the financial services provider’s stock valued at $106,000 after buying an additional 921 shares during the period. Institutional investors and hedge funds own 98.66% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Barclays started coverage on Four Corners Property Trust in a research report on Tuesday, December 17th. They issued an “equal weight” rating and a $31.00 price objective for the company. JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a report on Tuesday, December 10th. Wells Fargo & Company restated an “overweight” rating and set a $32.00 price target (up from $28.00) on shares of Four Corners Property Trust in a report on Tuesday, October 1st. Finally, UBS Group began coverage on shares of Four Corners Property Trust in a research note on Thursday, November 14th. They issued a “buy” rating and a $33.00 price objective for the company. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $30.60.

Four Corners Property Trust Stock Down 0.3 %

Shares of FCPT traded down $0.09 during trading hours on Monday, reaching $27.07. The stock had a trading volume of 25,584 shares, compared to its average volume of 460,219. The firm has a 50-day simple moving average of $28.25 and a 200 day simple moving average of $27.84. Four Corners Property Trust, Inc. has a 12 month low of $22.38 and a 12 month high of $30.93. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 25.30 and a beta of 1.13.

Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.14). Four Corners Property Trust had a return on equity of 7.68% and a net margin of 37.27%. The company had revenue of $66.79 million for the quarter, compared to the consensus estimate of $63.50 million. During the same quarter last year, the company posted $0.42 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities research analysts predict that Four Corners Property Trust, Inc. will post 1.66 earnings per share for the current fiscal year.

Four Corners Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Four Corners Property Trust’s previous quarterly dividend of $0.35. Four Corners Property Trust’s dividend payout ratio (DPR) is 132.71%.

Four Corners Property Trust Company Profile

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.