ProShare Advisors LLC Boosts Stock Position in Four Corners Property Trust, Inc. (NYSE:FCPT)

ProShare Advisors LLC raised its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 51.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,082 shares of the financial services provider's stock after acquiring an additional 9,924 shares during the period. ProShare Advisors LLC's holdings in Four Corners Property Trust were worth $789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of FCPT. SG Americas Securities LLC raised its holdings in 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 valued at $268,000 after buying an additional 4,708 shares during the period. Bank of New York Mellon Corp lifted its position in Four Corners Property Trust by 1.3% in the fourth quarter. Bank of New York Mellon Corp now owns 891,425 shares of the financial services provider's stock worth $24,193,000 after buying an additional 11,131 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Four Corners Property Trust by 6.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,612,978 shares of the financial services provider's stock worth $43,776,000 after buying an additional 94,903 shares during the last quarter. Barclays PLC lifted its position in Four Corners Property Trust by 10.6% in the fourth quarter. Barclays PLC now owns 172,564 shares of the financial services provider's stock worth $4,682,000 after buying an additional 16,543 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in Four Corners Property Trust in the fourth quarter worth $419,000. 98.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. JMP Securities restated a "market perform" rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Wells Fargo & Company raised their price target on Four Corners Property Trust from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. Barclays lowered their price target on 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 lowered their price target on 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 issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $29.60.

Four Corners Property Trust Trading Down 0.0%

Shares of NYSE:FCPT traded down $0.01 on Thursday, hitting $27.18. 39,159 shares of the company's stock were exchanged, compared to its average volume of 631,842. Four Corners Property Trust, Inc. has a 12 month low of $23.70 and a 12 month high of $30.93. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 25.43 and a beta of 0.86. The business's 50 day simple moving average is $27.66 and its two-hundred day simple moving average is $27.94. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. Four Corners Property Trust had a return on equity of 7.54% and a net margin of 37.48%. The business had revenue of $71.48 million during the quarter, compared to the consensus estimate of $67.17 million. During the same period last year, the company earned $0.43 earnings per share. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. 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 announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.355 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.42 annualized dividend and a dividend yield of 5.22%. Four Corners Property Trust's dividend payout ratio (DPR) is 132.71%.

Insider Transactions at Four Corners Property Trust

In other news, CAO Niccole Stewart sold 9,100 shares of the firm's stock in a transaction on 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 owns 31,204 shares in the company, valued at approximately $851,245.12. This trade represents a 22.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.20% of the company's stock.

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.