Squarepoint Ops LLC Has $975,000 Stock Holdings in Four Corners Property Trust, Inc. (NYSE:FCPT)

Squarepoint Ops LLC lowered its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 44.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,909 shares of the financial services provider's stock after selling 29,178 shares during the quarter. Squarepoint Ops LLC's holdings in Four Corners Property Trust were worth $975,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Barclays PLC lifted its holdings in shares of Four Corners Property Trust by 109.5% in the third quarter. Barclays PLC now owns 156,021 shares of the financial services provider's stock valued at $4,572,000 after purchasing an additional 81,565 shares in the last quarter. SG Americas Securities LLC raised its position in Four Corners Property Trust by 91.2% during the fourth quarter. SG Americas Securities LLC now owns 9,872 shares of the financial services provider's stock valued at $268,000 after buying an additional 4,708 shares during the period. KBC Group NV lifted its stake in Four Corners Property Trust by 50.4% in the 4th quarter. KBC Group NV now owns 3,702 shares of the financial services provider's stock worth $100,000 after acquiring an additional 1,240 shares in the last quarter. abrdn plc boosted its position in Four Corners Property Trust by 35.8% during the 4th quarter. abrdn plc now owns 24,640 shares of the financial services provider's stock worth $677,000 after acquiring an additional 6,501 shares during the period. Finally, Yousif Capital Management LLC boosted its position in Four Corners Property Trust by 1.7% during the 4th quarter. Yousif Capital Management LLC now owns 36,611 shares of the financial services provider's stock worth $994,000 after acquiring an additional 600 shares during the period. Hedge funds and other institutional investors own 98.66% of the company's stock.

Insider Activity

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. 1.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FCPT. JMP Securities reissued a "market perform" rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. UBS Group dropped 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 note on Tuesday, May 13th. Barclays decreased their target price 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 note on Tuesday, February 4th. Finally, Wells Fargo & Company lowered their price target on shares of Four Corners Property Trust from $31.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Four Corners Property Trust has an average rating of "Moderate Buy" and a consensus price target of $29.40.

Four Corners Property Trust Stock Up 0.0%

NYSE FCPT traded up $0.01 during trading on Wednesday, reaching $27.40. The company's stock had a trading volume of 568,958 shares, compared to its average volume of 636,642. Four Corners Property Trust, Inc. has a 1-year low of $23.76 and a 1-year high of $30.93. The business has a 50-day moving average price of $27.56 and a 200-day moving average price of $27.92. 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 stock has a market capitalization of $2.75 billion, a PE ratio of 25.61 and a beta of 0.86.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last issued its quarterly earnings data 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. The business 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%. Four Corners Property Trust's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 earnings per share. On average, research analysts forecast 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 company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders 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 yield of 5.18%. The ex-dividend date of this dividend was Monday, March 31st. Four Corners Property Trust's dividend payout ratio (DPR) is 132.71%.

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.