15,225 Shares in Four Corners Property Trust, Inc. (NYSE:FCPT) Purchased by Retirement Planning Co of New England Inc.

Retirement Planning Co of New England Inc. bought a new stake in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,225 shares of the financial services provider's stock, valued at approximately $437,000.

Several other hedge funds have also recently added to or reduced their stakes in FCPT. EverSource Wealth Advisors LLC increased its stake in Four Corners Property Trust by 234.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider's stock worth $32,000 after purchasing an additional 817 shares in the last quarter. VSM Wealth Advisory LLC acquired a new stake in shares of Four Corners Property Trust in the 4th quarter valued at approximately $39,000. GF Fund Management CO. LTD. acquired a new stake in Four Corners Property Trust in the fourth quarter valued at $46,000. Quarry LP acquired a new stake in Four Corners Property Trust in the 4th quarter valued at about $49,000. Finally, Sterling Capital Management LLC boosted its holdings in shares of Four Corners Property Trust by 856.0% during the 4th quarter. Sterling Capital Management LLC now owns 3,040 shares of the financial services provider's stock worth $83,000 after buying an additional 2,722 shares during the period. Institutional investors and hedge funds own 98.66% of the company's stock.

Four Corners Property Trust Stock Performance

NYSE:FCPT traded up $0.01 during trading on Monday, reaching $26.35. The company's stock had a trading volume of 674,881 shares, compared to its average volume of 671,047. Four Corners Property Trust, Inc. has a 12 month low of $25.01 and a 12 month high of $30.93. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 24.62 and a beta of 0.84. The firm has a 50 day moving average of $27.17 and a 200-day moving average of $27.61. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.14 and a current ratio of 0.14.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. Four Corners Property Trust had a return on equity of 7.46% and a net margin of 37.57%. The business had revenue of $71.48 million for the quarter, compared to the consensus estimate of $67.17 million. During the same quarter in the prior year, the business earned $0.43 earnings per share. Four Corners Property Trust's revenue for the quarter was up 7.5% on a year-over-year basis. Research analysts expect that Four Corners Property Trust, Inc. will post 1.68 EPS for the current fiscal year.

Four Corners Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.355 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.42 annualized dividend and a dividend yield of 5.39%. Four Corners Property Trust's dividend payout ratio is presently 132.71%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FCPT shares. UBS Group cut 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 note on Tuesday, May 13th. Wells Fargo & Company cut their target price on Four Corners Property Trust from $31.00 to $30.00 and set an "overweight" rating for the company in a research report on Monday, June 2nd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $29.40.

Insider Buying and Selling

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

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.