B&I Capital AG Increases Stake in Four Corners Property Trust, Inc. (NYSE:FCPT)

B&I Capital AG lifted its stake in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 47.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 218,000 shares of the financial services provider's stock after purchasing an additional 69,700 shares during the quarter. Four Corners Property Trust comprises about 2.0% of B&I Capital AG's portfolio, making the stock its 21st largest holding. B&I Capital AG owned about 0.22% of Four Corners Property Trust worth $6,257,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of FCPT. GF Fund Management CO. LTD. purchased a new position in Four Corners Property Trust during the 4th quarter worth approximately $46,000. Quarry LP purchased a new position in Four Corners Property Trust during the 4th quarter worth approximately $49,000. CWM LLC raised its position in Four Corners Property Trust by 15.0% during the 1st quarter. CWM LLC now owns 2,975 shares of the financial services provider's stock worth $85,000 after buying an additional 389 shares during the last quarter. Sterling Capital Management LLC raised its position in Four Corners Property Trust by 856.0% during the 4th quarter. Sterling Capital Management LLC now owns 3,040 shares of the financial services provider's stock worth $83,000 after buying an additional 2,722 shares during the last quarter. Finally, KBC Group NV raised its position in Four Corners Property Trust by 40.8% during the 1st quarter. KBC Group NV now owns 5,212 shares of the financial services provider's stock worth $150,000 after buying an additional 1,510 shares during the last quarter. 98.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director John S. Moody sold 7,667 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $27.42, for a total transaction of $210,229.14. Following the completion of the sale, the director directly owned 53,821 shares of the company's stock, valued at $1,475,771.82. This trade represents a 12.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.20% of the company's stock.

Four Corners Property Trust Stock Up 1.3%

Shares of FCPT traded up $0.35 during mid-day trading on Tuesday, hitting $26.71. 107,804 shares of the company's stock were exchanged, compared to its average volume of 668,939. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 24.99 and a beta of 0.84. Four Corners Property Trust, Inc. has a fifty-two week low of $25.01 and a fifty-two week high of $30.93. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.14 and a current ratio of 0.14. The stock's 50-day moving average is $27.17 and its 200-day moving average is $27.61.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. Four Corners Property Trust had a net margin of 37.57% and a return on equity of 7.46%. The firm had revenue of $71.48 million for the quarter, compared to analyst estimates of $67.17 million. During the same period in the prior year, the firm earned $0.43 earnings per share. The business's quarterly revenue was up 7.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Four Corners Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.355 per share. The ex-dividend date was Monday, June 30th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.32%. Four Corners Property Trust's dividend payout ratio (DPR) is presently 132.71%.

Analyst Upgrades and Downgrades

FCPT has been the subject of several recent research reports. UBS Group cut their target price on shares of Four Corners Property Trust from $33.00 to $30.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Wells Fargo & Company cut their target price on shares of Four Corners Property Trust from $31.00 to $30.00 and set an "overweight" rating for the company in a report on Monday, June 2nd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $29.40.

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.

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