Smartleaf Asset Management LLC Raises Holdings in Four Corners Property Trust, Inc. (NYSE:FCPT)

Smartleaf Asset Management LLC increased its position in Four Corners Property Trust, Inc. (NYSE:FCPT) by 165.7% in the 4th quarter, Holdings Channel reports. The firm owned 1,379 shares of the financial services provider’s stock after buying an additional 860 shares during the period. Smartleaf Asset Management LLC’s holdings in Four Corners Property Trust were worth $38,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Eagle Bay Advisors LLC increased its position in Four Corners Property Trust by 25.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider’s stock worth $58,000 after buying an additional 425 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of Four Corners Property Trust by 1.0% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 45,170 shares of the financial services provider’s stock worth $1,226,000 after acquiring an additional 469 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of Four Corners Property Trust by 4.5% in the 3rd 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 period. Yousif Capital Management LLC raised its position in Four Corners Property Trust by 1.7% in the 4th quarter. Yousif Capital Management LLC now owns 36,611 shares of the financial services provider’s stock valued at $994,000 after purchasing an additional 600 shares during the last quarter. Finally, MML Investors Services LLC boosted its stake in Four Corners Property Trust by 5.6% during the 3rd quarter. MML Investors Services LLC now owns 11,881 shares of the financial services provider’s stock worth $348,000 after purchasing an additional 635 shares during the period. 98.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on FCPT. JMP Securities restated a “market perform” rating on shares of Four Corners Property Trust in a research note on Thursday, February 13th. UBS Group initiated coverage on Four Corners Property Trust in a report on Thursday, November 14th. They set a “buy” rating and a $33.00 price target on the stock. Wells Fargo & Company upped their price objective on Four Corners Property Trust from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Barclays lowered their target price on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Four Corners Property Trust has an average rating of “Moderate Buy” and an average price target of $30.20.

Four Corners Property Trust Trading Down 2.9 %

Shares of FCPT stock opened at $28.14 on Wednesday. The business’s fifty day moving average price is $27.79 and its 200 day moving average price is $28.40. The firm has a market capitalization of $2.81 billion, a PE ratio of 26.30 and a beta of 1.16. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11. Four Corners Property Trust, Inc. has a 1-year low of $22.38 and a 1-year high of $30.93.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.16. Four Corners Property Trust had a net margin of 37.48% and a return on equity of 7.54%. As a group, sell-side analysts forecast that Four Corners Property Trust, Inc. will post 1.68 EPS for the current fiscal year.

Four Corners Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.355 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a yield of 5.05%. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 132.71%.

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.