Two Sigma Advisers LP Increases Stake in Four Corners Property Trust, Inc. (NYSE:FCPT)

Two Sigma Advisers LP raised its holdings in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 28.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 344,500 shares of the financial services provider's stock after acquiring an additional 76,500 shares during the period. Two Sigma Advisers LP owned approximately 0.36% of Four Corners Property Trust worth $9,350,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its position in shares of Four Corners Property Trust by 234.1% in the fourth 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 during the last quarter. Smartleaf Asset Management LLC grew its stake in 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 in the last quarter. VSM Wealth Advisory LLC bought a new position in shares of Four Corners Property Trust in the 4th quarter worth $39,000. Synergy Investment Management LLC purchased a new stake in shares of Four Corners Property Trust during the 4th quarter valued at $48,000. Finally, Quarry LP purchased a new position in Four Corners Property Trust in the fourth quarter worth $49,000. Hedge funds and other institutional investors own 98.66% of the company's stock.

Analyst Ratings Changes

FCPT has been the topic of a number of research reports. Barclays lowered their price target on 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. Wells Fargo & Company upped their target price on 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. JMP Securities reiterated a "market perform" rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Finally, UBS Group decreased their price target on shares of Four Corners Property Trust from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $29.60.

Insiders Place Their Bets

In other news, CAO Niccole Stewart sold 9,100 shares of the business's stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 31,204 shares of the company's stock, valued at approximately $851,245.12. The trade was a 22.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company's stock.

Four Corners Property Trust Trading Up 1.1%

Shares of NYSE FCPT traded up $0.30 during midday trading on Tuesday, reaching $27.38. The company had a trading volume of 310,189 shares, compared to its average volume of 631,973. The firm's fifty day moving average price is $27.71 and its 200-day moving average price is $27.95. 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 one year low of $23.70 and a one year high of $30.93. The stock has a market cap of $2.75 billion, a PE ratio of 25.57 and a beta of 0.86.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last announced its quarterly earnings data 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 return on equity of 7.54% and a net margin of 37.48%. The firm had revenue of $71.48 million during the quarter, compared to the consensus estimate of $67.17 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The business's revenue was up 7.5% on a year-over-year basis. On average, equities 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 company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date of this dividend was Monday, March 31st. Four Corners Property Trust's dividend payout ratio (DPR) 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.