ProShare Advisors LLC Buys 9,924 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

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

A number of other hedge funds and other institutional investors have also recently modified their holdings of FCPT. Barclays PLC boosted its holdings in shares of 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 worth $4,572,000 after purchasing an additional 81,565 shares in the last quarter. Ballentine Partners LLC purchased a new stake in Four Corners Property Trust during the 4th quarter valued at about $277,000. SG Americas Securities LLC boosted 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 acquiring an additional 4,708 shares during the period. Inspire Investing LLC boosted its holdings in Four Corners Property Trust by 20.2% during the 4th quarter. Inspire Investing LLC now owns 18,898 shares of the financial services provider's stock valued at $513,000 after acquiring an additional 3,179 shares during the period. Finally, Blue Trust Inc. boosted its holdings 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 valued at $659,000 after acquiring an additional 8,290 shares during the period. 98.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Four Corners Property Trust

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. UBS Group dropped their target price on Four Corners Property Trust from $33.00 to $30.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Wells Fargo & Company increased their target price on Four Corners Property Trust from $30.00 to $31.00 and gave the company an "overweight" rating in a report on Monday, March 10th. Barclays dropped their target price on Four Corners Property Trust from $31.00 to $30.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. Finally, JMP Securities restated a "market perform" rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $29.60.

Four Corners Property Trust Trading Up 0.7%

NYSE FCPT traded up $0.20 on Tuesday, hitting $27.28. The company's stock had a trading volume of 692,960 shares, compared to its average volume of 633,404. Four Corners Property Trust, Inc. has a 52-week low of $23.70 and a 52-week high of $30.93. 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's 50-day simple moving average is $27.71 and its 200 day simple moving average is $27.95. The firm has a market cap of $2.74 billion, a P/E ratio of 25.50 and a beta of 0.86.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $67.17 million. During the same quarter last year, the business posted $0.43 EPS. The business's revenue was up 7.5% on a year-over-year basis. Research analysts predict that Four Corners Property Trust, Inc. will post 1.68 EPS for the current fiscal year.

Four Corners Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 5.21%. The ex-dividend date was Monday, March 31st. Four Corners Property Trust's dividend payout ratio is currently 132.71%.

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.