Nisa Investment Advisors LLC decreased its position in Four Corners Property Trust, Inc. (NYSE:FCPT – Free Report) by 5.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 36,288 shares of the financial services provider’s stock after selling 1,965 shares during the period. Nisa Investment Advisors LLC’s holdings in Four Corners Property Trust were worth $918,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of the company. Belpointe Asset Management LLC raised its holdings in shares of Four Corners Property Trust by 1,120.0% in the first quarter. Belpointe Asset Management LLC now owns 915 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 840 shares during the last quarter. Fortis Capital Advisors LLC grew its position in Four Corners Property Trust by 18,200.0% in the first quarter. Fortis Capital Advisors LLC now owns 915 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 910 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in Four Corners Property Trust in the 2nd quarter valued at $33,000. Lazard Asset Management LLC bought a new stake in Four Corners Property Trust during the 3rd quarter worth about $52,000. Finally, Quantbot Technologies LP lifted its position in Four Corners Property Trust by 72.4% during the 1st quarter. Quantbot Technologies LP now owns 2,559 shares of the financial services provider’s stock worth $69,000 after buying an additional 1,075 shares in the last quarter. Institutional investors own 98.66% of the company’s stock.
Four Corners Property Trust Stock Performance
Shares of FCPT opened at $23.24 on Tuesday. The company has a market cap of $2.14 billion, a PE ratio of 21.52 and a beta of 1.00. The firm has a 50-day moving average of $23.85 and a 200-day moving average of $23.54. Four Corners Property Trust, Inc. has a one year low of $20.51 and a one year high of $27.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.12 and a quick ratio of 0.12.
Four Corners Property Trust (NYSE:FCPT – Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The financial services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.13). The business had revenue of $65.14 million for the quarter, compared to the consensus estimate of $65.23 million. Four Corners Property Trust had a return on equity of 7.78% and a net margin of 38.04%. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. As a group, equities analysts forecast that Four Corners Property Trust, Inc. will post 1.64 earnings per share for the current year.
Four Corners Property Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 5.94%. The ex-dividend date was Wednesday, March 27th. Four Corners Property Trust’s payout ratio is presently 127.78%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Wells Fargo & Company lifted their target price on Four Corners Property Trust from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Tuesday, February 20th. Raymond James lowered their price target on Four Corners Property Trust from $29.00 to $28.00 and set an “outperform” rating on the stock in a research report on Monday, January 8th.
Get Our Latest Research Report on FCPT
Four Corners Property Trust 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.
See Also
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Illinois Municipal Retirement Fund purchased a new position in Four Corners Property Trust, Inc. (NYSE:FCPT – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 50,253 shares of the financial services provider’s stock, valued at approximately $1,115,000. Illinois Municipal Retirement Fund owned approximately 0.06% of Four Corners Property Trust at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Versor Investments LP grew its stake in Four Corners Property Trust by 32.5% in the 3rd quarter. Versor Investments LP now owns 22,825 shares of the financial services provider’s stock worth $506,000 after buying an additional 5,600 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Four Corners Property Trust by 7.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 101,090 shares of the financial services provider’s stock valued at $2,243,000 after purchasing an additional 6,830 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Four Corners Property Trust by 5.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 38,253 shares of the financial services provider’s stock valued at $849,000 after purchasing an additional 2,013 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Four Corners Property Trust by 8.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 28,883 shares of the financial services provider’s stock valued at $641,000 after purchasing an additional 2,165 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of Four Corners Property Trust by 91.9% in the 3rd quarter. Teacher Retirement System of Texas now owns 83,614 shares of the financial services provider’s stock valued at $1,855,000 after purchasing an additional 40,052 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Four Corners Property Trust Trading Down 1.2 %
NYSE:FCPT opened at $23.41 on Thursday. The company has a fifty day moving average of $24.52 and a 200 day moving average of $24.02. Four Corners Property Trust, Inc. has a 52 week low of $20.51 and a 52 week high of $29.30. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $2.12 billion, a P/E ratio of 21.68 and a beta of 1.01.
Four Corners Property Trust Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were issued a dividend of $0.345 per share. This is a positive change from Four Corners Property Trust’s previous quarterly dividend of $0.34. This represents a $1.38 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date of this dividend was Thursday, December 28th. Four Corners Property Trust’s dividend payout ratio is currently 127.78%.
Wall Street Analysts Forecast Growth
FCPT has been the subject of a number of research reports. Robert W. Baird cut their price objective on shares of Four Corners Property Trust from $29.00 to $26.00 in a research note on Friday, October 6th. TheStreet cut shares of Four Corners Property Trust from a “b-” rating to a “c+” rating in a research note on Wednesday, October 18th. StockNews.com began coverage on shares of Four Corners Property Trust in a report on Thursday, October 5th. They set a “hold” rating for the company. Finally, Raymond James lowered their price target on shares of Four Corners Property Trust from $29.00 to $28.00 and set an “outperform” rating for the company in a report on Monday, January 8th.
View Our Latest Research Report on Four Corners Property Trust
Insiders Place Their Bets
In related news, CEO William H. Lenehan acquired 9,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was acquired at an average cost of $22.05 per share, for a total transaction of $198,450.00. Following the acquisition, the chief executive officer now owns 568,443 shares of the company’s stock, valued at $12,534,168.15. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO William H. Lenehan acquired 9,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was acquired at an average cost of $22.05 per share, for a total transaction of $198,450.00. Following the acquisition, the chief executive officer now owns 568,443 shares of the company’s stock, valued at $12,534,168.15. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Douglas B. Hansen acquired 4,950 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was bought at an average price of $21.74 per share, with a total value of $107,613.00. Following the completion of the acquisition, the director now directly owns 2,650 shares in the company, valued at approximately $57,611. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.
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.
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