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

Sophron Capital Management L.P. bought a new position in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) in the fourth quarter, according to the company in its most recent 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 comprises approximately 1.9% of Sophron Capital Management L.P.'s holdings, making the stock its 22nd biggest holding. Sophron Capital Management L.P. owned 0.19% of Four Corners Property Trust as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in shares of Four Corners Property Trust by 234.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider's stock valued at $32,000 after buying an additional 817 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Four Corners Property Trust by 165.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the financial services provider's stock worth $38,000 after buying an additional 860 shares during the last quarter. VSM Wealth Advisory LLC bought a new stake in shares of Four Corners Property Trust in the 4th quarter worth approximately $39,000. Synergy Investment Management LLC bought a new stake in shares of Four Corners Property Trust in the 4th quarter worth approximately $48,000. Finally, Quarry LP bought a new stake in shares of Four Corners Property Trust in the 4th quarter worth approximately $49,000. Institutional investors own 98.66% of the company's stock.

Analysts Set New Price Targets

FCPT has been the topic of a number of recent analyst reports. UBS Group cut their price objective on 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. Wells Fargo & Company lifted their price objective 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 objective on shares of 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.60.

Insider Transactions at Four Corners Property Trust

In other Four Corners Property Trust news, CAO Niccole Stewart sold 9,100 shares of Four Corners Property Trust 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 completion of the transaction, the chief accounting officer now owns 31,204 shares in the company, valued at approximately $851,245.12. The trade was a 22.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.20% of the company's stock.

Four Corners Property Trust Stock Up 0.2%

Shares of NYSE:FCPT traded up $0.05 during midday trading on Friday, reaching $27.05. The company's stock had a trading volume of 526,778 shares, compared to its average volume of 631,456. The firm has a 50 day moving average of $27.73 and a 200-day moving average of $27.95. The firm has a market capitalization of $2.72 billion, a P/E ratio of 25.28 and a beta of 0.86. 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 12-month low of $23.70 and a 12-month high of $30.93.

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 analysts' consensus estimates of $0.42 by $0.02. The firm had revenue of $71.48 million for the quarter, compared to the consensus estimate of $67.17 million. Four Corners Property Trust had a net margin of 37.48% and a return on equity of 7.54%. The company's revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 EPS. On average, research analysts anticipate that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current 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 $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date of this dividend was Monday, March 31st. Four Corners Property Trust's dividend payout ratio is presently 132.71%.

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.