Sophron Capital Management L.P. Invests $4.90 Million in Four Corners Property Trust, Inc. (NYSE:FCPT)

Sophron Capital Management L.P. bought a new stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 180,572 shares of the financial services provider's stock, valued at approximately $4,901,000. Four Corners Property Trust accounts for 1.9% of Sophron Capital Management L.P.'s investment portfolio, making the stock its 22nd biggest position. Sophron Capital Management L.P. owned 0.19% of Four Corners Property Trust at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Two Sigma Advisers LP increased its stake in shares of Four Corners Property Trust by 28.5% in the fourth quarter. Two Sigma Advisers LP now owns 344,500 shares of the financial services provider's stock worth $9,350,000 after acquiring an additional 76,500 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of Four Corners Property Trust by 56.3% in the fourth quarter. Two Sigma Investments LP now owns 373,709 shares of the financial services provider's stock worth $10,142,000 after acquiring an additional 134,664 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of Four Corners Property Trust by 51.8% in the fourth quarter. ProShare Advisors LLC now owns 29,082 shares of the financial services provider's stock worth $789,000 after acquiring an additional 9,924 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of Four Corners Property Trust by 25.2% in the fourth quarter. Quantinno Capital Management LP now owns 10,511 shares of the financial services provider's stock worth $285,000 after acquiring an additional 2,114 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its stake in shares of Four Corners Property Trust by 4.0% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 12,988 shares of the financial services provider's stock worth $357,000 after acquiring an additional 504 shares during the last quarter. 98.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Four Corners Property Trust Stock Performance

FCPT stock traded down $0.33 during mid-day trading on Thursday, reaching $26.98. 645,128 shares of the stock traded hands, compared to its average volume of 631,249. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.36. Four Corners Property Trust, Inc. has a 52 week low of $23.70 and a 52 week high of $30.93. The business has a 50-day moving average of $27.75 and a two-hundred day moving average of $27.95. The firm has a market capitalization of $2.71 billion, a PE ratio of 25.21 and a beta of 0.86.

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, beating the consensus estimate of $0.42 by $0.02. Four Corners Property Trust had a net margin of 37.48% and a return on equity of 7.54%. 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 company earned $0.43 earnings per share. The firm's revenue was up 7.5% on a year-over-year basis. As a group, equities analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 5.26%. The ex-dividend date of this dividend was Monday, March 31st. Four Corners Property Trust's dividend payout ratio (DPR) is presently 132.71%.

Insider Buying and Selling

In other 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 completion of the sale, the chief accounting officer now owns 31,204 shares of the company's stock, valued at approximately $851,245.12. This trade represents a 22.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company 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.