Vident Advisory LLC Sells 84,226 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

Vident Advisory LLC decreased its stake in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 37.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,470 shares of the financial services provider's stock after selling 84,226 shares during the period. Vident Advisory LLC owned approximately 0.15% of Four Corners Property Trust worth $3,867,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In related news, CAO Niccole Stewart sold 9,100 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $27.28, for a total transaction of $248,248.00. Following the transaction, the chief accounting officer now directly owns 31,204 shares in the company, valued at $851,245.12. The trade was a 22.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.20% of the company's stock.

Four Corners Property Trust Price Performance

Shares of NYSE FCPT traded up $0.05 during mid-day trading on Monday, reaching $27.05. The company had a trading volume of 526,778 shares, compared to its average volume of 633,165. Four Corners Property Trust, Inc. has a 1-year low of $23.70 and a 1-year high of $30.93. The stock has a market cap of $2.72 billion, a PE ratio of 25.28 and a beta of 0.86. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $27.73 and a two-hundred day moving average price of $27.95.

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 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. Four Corners Property Trust had a net margin of 37.48% and a return on equity of 7.54%. The company had revenue of $71.48 million during 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% on a year-over-year basis. On average, equities analysts anticipate that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current year.

Four Corners Property Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

FCPT has been the subject of several recent research reports. JMP Securities reiterated a "market perform" rating on shares of Four Corners Property Trust in a research note on Thursday, February 13th. Wells Fargo & Company raised their target price on Four Corners Property Trust from $30.00 to $31.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. Barclays lowered 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. Finally, UBS Group cut their price objective on shares of Four Corners Property Trust from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Four Corners Property Trust has an average rating of "Moderate Buy" and an average price target of $29.60.

About Four Corners Property Trust

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.