Four Corners Property Trust, Inc. $FCPT Shares Purchased by Jump Financial LLC

Key Points

• Jump Financial LLC significantly increased its stake in Four Corners Property Trust by 660.5%, now owning 96,267 shares valued at approximately $2.76 million.
• The company reported a quarterly EPS of $0.44, beating analyst expectations, and had a 9.6% increase in revenue year-over-year, totaling $72.84 million.
• Four Corners Property Trust declared a quarterly dividend of $0.355, resulting in a 5.5% yield, with a payout ratio of 131.48%.

Jump Financial LLC grew its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 660.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,267 shares of the financial services provider's stock after acquiring an additional 83,609 shares during the quarter. Jump Financial LLC owned about 0.10% of Four Corners Property Trust worth $2,763,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of FCPT. Costello Asset Management INC acquired a new stake in Four Corners Property Trust during the 1st quarter valued at approximately $40,000. GF Fund Management CO. LTD. purchased a new position in shares of Four Corners Property Trust during the 4th quarter valued at about $46,000. Quarry LP acquired a new position in shares of Four Corners Property Trust in the 4th quarter valued at about $49,000. Brooklyn Investment Group boosted its stake in shares of Four Corners Property Trust by 1,389.5% in the first quarter. Brooklyn Investment Group now owns 1,698 shares of the financial services provider's stock worth $49,000 after buying an additional 1,584 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Four Corners Property Trust in the first quarter worth about $77,000. 98.66% of the stock is currently owned by institutional investors and hedge funds.

Four Corners Property Trust Price Performance

NYSE:FCPT traded up $0.23 during trading hours on Friday, hitting $25.87. 565,843 shares of the stock were exchanged, compared to its average volume of 522,865. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.39. The firm's fifty day moving average price is $26.26 and its 200 day moving average price is $27.26. The company has a market cap of $2.70 billion, a P/E ratio of 23.95 and a beta of 0.83. Four Corners Property Trust, Inc. has a 52-week low of $25.00 and a 52-week high of $30.93.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. Four Corners Property Trust had a return on equity of 7.40% and a net margin of 37.87%.The firm had revenue of $72.84 million during the quarter, compared to the consensus estimate of $70.27 million. During the same period in the prior year, the company earned $0.43 EPS. The firm's revenue was up 9.6% compared to the same quarter last year. As a group, equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors 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 yield of 5.5%. Four Corners Property Trust's payout ratio is presently 131.48%.

Analyst Ratings Changes

A number of brokerages have issued reports on FCPT. UBS Group boosted their price target on Four Corners Property Trust from $30.00 to $31.00 and gave the company a "buy" rating in a report on Friday, August 15th. Barclays decreased their target price on shares of Four Corners Property Trust from $30.00 to $29.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 20th. Raymond James Financial decreased their price objective on shares of Four Corners Property Trust from $31.00 to $29.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Finally, Wells Fargo & Company lowered their price target on Four Corners Property Trust from $30.00 to $29.00 and set an "overweight" rating on the stock in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $29.50.

Insider Transactions at Four Corners Property Trust

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

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.