Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 11.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 448,517 shares of the financial services provider's stock after selling 55,909 shares during the period. Nuveen Asset Management LLC owned 0.46% of Four Corners Property Trust worth $12,173,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Barclays PLC raised its holdings in Four Corners Property Trust by 109.5% in the 3rd quarter. Barclays PLC now owns 156,021 shares of the financial services provider's stock valued at $4,572,000 after acquiring an additional 81,565 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Four Corners Property Trust by 91.2% during the 4th quarter. SG Americas Securities LLC now owns 9,872 shares of the financial services provider's stock worth $268,000 after buying an additional 4,708 shares during the last quarter. Blue Trust Inc. boosted its position in Four Corners Property Trust by 58.4% during the 4th quarter. Blue Trust Inc. now owns 22,480 shares of the financial services provider's stock worth $659,000 after purchasing an additional 8,290 shares during the period. KBC Group NV boosted its position in Four Corners Property Trust by 50.4% during the 4th quarter. KBC Group NV now owns 3,702 shares of the financial services provider's stock worth $100,000 after purchasing an additional 1,240 shares during the period. Finally, 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 purchasing an additional 6,501 shares during the period. 98.66% of the stock is currently owned by institutional investors and hedge funds.

Four Corners Property Trust Stock Up 1.0%

Shares of Four Corners Property Trust stock traded up $0.27 during trading on Friday, reaching $27.68. The company had a trading volume of 149,062 shares, compared to its average volume of 632,357. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 25.84 and a beta of 0.86. The firm's fifty day moving average is $27.64 and its 200-day moving average is $27.93. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.11. Four Corners Property Trust, Inc. has a fifty-two week low of $23.76 and a fifty-two week high of $30.93.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. The business had revenue of $71.48 million for the quarter, compared to analyst estimates of $67.17 million. Four Corners Property Trust had a net margin of 37.48% and a return on equity of 7.54%. The company's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.43 EPS. On average, analysts anticipate that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Four Corners Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.355 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a yield of 5.13%. Four Corners Property Trust's dividend payout ratio is currently 132.71%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. JMP Securities reissued a "market perform" rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Barclays decreased their price objective 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. Wells Fargo & Company upped their price objective on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the company an "overweight" rating in a research report on Monday, March 10th. Finally, UBS Group decreased their price objective on shares of Four Corners Property Trust from $33.00 to $30.00 and set a "buy" rating for the company 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $29.60.

Insider Activity

In related news, CAO Niccole Stewart sold 9,100 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $27.28, for a total transaction of $248,248.00. Following the transaction, the chief accounting officer now owns 31,204 shares in the company, valued at $851,245.12. This trade represents a 22.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.20% of the company's stock.

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.