Four Corners Property Trust, Inc. (NYSE:FCPT) Stock Position Lowered by Ameriprise Financial Inc.

Ameriprise Financial Inc. cut its stake in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 6.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 345,290 shares of the financial services provider's stock after selling 22,840 shares during the quarter. Ameriprise Financial Inc. owned about 0.36% of Four Corners Property Trust worth $9,374,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in Four Corners Property Trust by 234.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider's stock worth $32,000 after acquiring an additional 817 shares during the period. Smartleaf Asset Management LLC increased its stake in Four Corners Property Trust by 165.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the financial services provider's stock worth $38,000 after buying an additional 860 shares in the last quarter. VSM Wealth Advisory LLC purchased a new stake in shares of Four Corners Property Trust in the fourth quarter valued at approximately $39,000. Synergy Investment Management LLC purchased a new stake in shares of Four Corners Property Trust in the fourth quarter valued at approximately $48,000. Finally, Quarry LP acquired a new position in Four Corners Property Trust in the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 98.66% of the company's stock.

Insider Buying and Selling

In other Four Corners Property Trust news, CAO Niccole Stewart sold 9,100 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $27.28, for a total value of $248,248.00. Following the completion of the transaction, the chief accounting officer now owns 31,204 shares in the company, valued at approximately $851,245.12. This represents a 22.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is owned by company insiders.

Four Corners Property Trust Stock Up 0.2%

Four Corners Property Trust stock traded up $0.05 during trading on Friday, reaching $27.05. 526,778 shares of the company's stock were exchanged, compared to its average volume of 631,456. The company's 50-day moving average is $27.73 and its two-hundred day moving average is $27.95. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.11. Four Corners Property Trust, Inc. has a 52-week low of $23.70 and a 52-week high of $30.93. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 25.28 and a beta of 0.86.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. The company had revenue of $71.48 million during the quarter, compared to analysts' expectations of $67.17 million. Four Corners Property Trust had a net margin of 37.48% and a return on equity of 7.54%. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 EPS. On average, analysts predict that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current year.

Four Corners Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.355 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.25%. Four Corners Property Trust's dividend payout ratio (DPR) is presently 132.71%.

Wall Street Analysts Forecast Growth

FCPT has been the topic of a number of research reports. UBS Group decreased their price target on Four Corners Property Trust from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. JMP Securities reissued a "market perform" rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Wells Fargo & Company lifted their price target on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the company an "overweight" rating in a research report on Monday, March 10th. Finally, Barclays reduced their price target on shares of Four Corners Property Trust from $31.00 to $30.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $29.60.

Four Corners Property Trust Company 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.