Four Corners Property Trust, Inc. $FCPT Shares Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP significantly increased its holdings in Four Corners Property Trust by 96.1%, acquiring an additional 52,419 shares, bringing its total ownership to 106,954 shares valued at approximately $3,070,000.
• The company reported an earnings beat with $0.44 EPS for the last quarter, exceeding the consensus estimate of $0.42, alongside a 9.6% year-over-year revenue growth.
• Four Corners Property Trust has a dividend yield of 5.5% after declaring a quarterly dividend of $0.355, though the dividend payout ratio stands at 131.48%.

Quantbot Technologies LP raised its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 96.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,954 shares of the financial services provider's stock after buying an additional 52,419 shares during the quarter. Quantbot Technologies LP owned about 0.11% of Four Corners Property Trust worth $3,070,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Four Corners Property Trust by 9.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,551 shares of the financial services provider's stock valued at $274,000 after acquiring an additional 796 shares during the last quarter. KBC Group NV lifted its stake in Four Corners Property Trust by 40.8% during the first quarter. KBC Group NV now owns 5,212 shares of the financial services provider's stock worth $150,000 after purchasing an additional 1,510 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Four Corners Property Trust by 23.6% in the first quarter. GAMMA Investing LLC now owns 6,457 shares of the financial services provider's stock worth $185,000 after purchasing an additional 1,231 shares during the period. Asset Management One Co. Ltd. increased its stake in Four Corners Property Trust by 9.5% during the first quarter. Asset Management One Co. Ltd. now owns 275,185 shares of the financial services provider's stock valued at $7,898,000 after purchasing an additional 23,884 shares during the last quarter. Finally, Barclays PLC increased its stake in Four Corners Property Trust by 10.6% during the fourth quarter. Barclays PLC now owns 172,564 shares of the financial services provider's stock valued at $4,682,000 after purchasing an additional 16,543 shares during the last quarter. Institutional investors and hedge funds own 98.66% of the company's stock.

Insider Transactions at Four Corners Property Trust

In other news, Director John S. Moody sold 7,667 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $27.42, for a total value of $210,229.14. Following the completion of the transaction, the director owned 53,821 shares of the company's stock, valued at approximately $1,475,771.82. This represents a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.20% of the company's stock.

Four Corners Property Trust Stock Performance

Four Corners Property Trust stock traded up $0.2320 during midday trading on Friday, reaching $26.0120. 464,326 shares of the stock traded hands, compared to its average volume of 590,216. Four Corners Property Trust, Inc. has a fifty-two week low of $25.00 and a fifty-two week high of $30.93. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.39. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 24.09 and a beta of 0.83. The firm has a fifty day moving average price of $26.41 and a two-hundred day moving average price of $27.34.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. The company had revenue of $72.84 million for the quarter, compared to analysts' expectations of $70.27 million. Four Corners Property Trust had a return on equity of 7.40% and a net margin of 37.87%.The business's revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share. On average, equities research analysts forecast that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current year.

Four Corners Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date was Monday, June 30th. Four Corners Property Trust's payout ratio is 131.48%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on FCPT shares. Wells Fargo & Company reduced 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 research report on Monday, June 2nd. UBS Group raised their target price on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Barclays decreased their target price on Four Corners Property Trust from $30.00 to $29.00 and set an "equal weight" rating for the company in a research note on Wednesday. Finally, Raymond James Financial dropped their price target on Four Corners Property Trust from $31.00 to $29.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $29.40.

Four Corners Property Trust Company 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.