Four Corners Property Trust, Inc. $FCPT Shares Acquired by B&I Capital AG

Key Points

• B&I Capital AG increased its stake in Four Corners Property Trust by 19.7% to 321,787 shares (about 0.30% of the company) worth $7.42 million, while institutional investors own roughly 98.66% of FCPT.
• CEO William H. Lenehan purchased 7,865 shares at $25.49, raising his holdings to 765,845 shares and bringing insider ownership to about 1.20%, signaling insider buying.
• Four Corners pays a quarterly dividend of $0.3665 (annualized $1.47) for a 5.9% yield

B&I Capital AG grew its holdings in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 19.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 321,787 shares of the financial services provider's stock after purchasing an additional 53,000 shares during the quarter. Four Corners Property Trust accounts for about 2.6% of B&I Capital AG's holdings, making the stock its 17th biggest holding. B&I Capital AG owned about 0.30% of Four Corners Property Trust worth $7,420,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FCPT. Parallel Advisors LLC lifted its stake in Four Corners Property Trust by 80.1% in the third quarter. Parallel Advisors LLC now owns 1,041 shares of the financial services provider's stock worth $25,000 after acquiring an additional 463 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Four Corners Property Trust by 829.2% in the fourth quarter. Farther Finance Advisors LLC now owns 1,115 shares of the financial services provider's stock worth $26,000 after acquiring an additional 995 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its stake in Four Corners Property Trust by 1,632.6% in the third quarter. Aster Capital Management DIFC Ltd now owns 1,646 shares of the financial services provider's stock worth $40,000 after acquiring an additional 1,551 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in Four Corners Property Trust by 136.8% in the third quarter. CIBC Private Wealth Group LLC now owns 2,718 shares of the financial services provider's stock worth $66,000 after acquiring an additional 1,570 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in Four Corners Property Trust by 376.4% in the third quarter. Versant Capital Management Inc now owns 3,592 shares of the financial services provider's stock worth $88,000 after acquiring an additional 2,838 shares during the last quarter. Hedge funds and other institutional investors own 98.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Citigroup reiterated a "market perform" rating on shares of Four Corners Property Trust in a research note on Monday, January 5th. Raymond James Financial decreased 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 research note on Tuesday, March 17th. Citizens Jmp upgraded shares of Four Corners Property Trust from a "market perform" rating to an "outperform" rating and set a $28.00 price target for the company in a research note on Wednesday, March 25th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Four Corners Property Trust in a research report on Wednesday, April 8th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $27.86.

Insider Activity at Four Corners Property Trust

In other news, CEO William H. Lenehan acquired 7,865 shares of the company's stock in a transaction on Friday, March 6th. The shares were bought at an average cost of $25.49 per share, with a total value of $200,478.85. Following the purchase, the chief executive officer owned 765,845 shares of the company's stock, valued at $19,521,389.05. This represents a 1.04% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is owned by insiders.

Four Corners Property Trust Stock Up 0.6%

Shares of NYSE:FCPT opened at $25.05 on Thursday. The company has a market capitalization of $2.75 billion, a PE ratio of 22.77 and a beta of 0.83. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.36. Four Corners Property Trust, Inc. has a twelve month low of $22.78 and a twelve month high of $28.98. The firm has a 50 day simple moving average of $24.90 and a 200-day simple moving average of $24.27.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. The business had revenue of $75.67 million during the quarter, compared to the consensus estimate of $76.04 million. Four Corners Property Trust had a net margin of 38.20% and a return on equity of 7.39%. The company's revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 EPS. On average, equities analysts predict that Four Corners Property Trust, Inc. will post 1.68 EPS for the current fiscal year.

Four Corners Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a $0.3665 dividend. This represents a $1.47 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Tuesday, March 31st. Four Corners Property Trust's payout ratio is presently 133.64%.

About Four Corners Property Trust

Four Corners Property Trust is a publicly traded real estate investment trust focused on acquiring and managing single-tenant commercial properties subject to long-term, triple-net leases. The company targets industrial, manufacturing, distribution, office and retail facilities leased to creditworthy tenants. By concentrating on net-lease structures, Four Corners seeks to generate stable, predictable income streams and mitigate operating cost variability.

The firm’s core activities include sourcing off-market and broker-sourced acquisition opportunities, conducting rigorous credit and property due diligence, and structuring lease agreements that shift property taxes, insurance and maintenance expenses to tenants.

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