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

Two Sigma Advisers LP boosted its stake in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 28.5% during the 4th quarter, according to its most recent 13F filing with the Securities and 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 quarter. Two Sigma Advisers LP owned 0.36% of Four Corners Property Trust worth $9,350,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Two Sigma Investments LP grew its stake in Four Corners Property Trust by 56.3% in the 4th quarter. Two Sigma Investments LP now owns 373,709 shares of the financial services provider's stock valued at $10,142,000 after buying an additional 134,664 shares during the last quarter. ProShare Advisors LLC raised its stake in Four Corners Property Trust by 51.8% during the fourth quarter. ProShare Advisors LLC now owns 29,082 shares of the financial services provider's stock worth $789,000 after buying an additional 9,924 shares during the last quarter. Quantinno Capital Management LP raised its stake in Four Corners Property Trust by 25.2% during the fourth quarter. Quantinno Capital Management LP now owns 10,511 shares of the financial services provider's stock worth $285,000 after buying an additional 2,114 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in Four Corners Property Trust by 4.0% during 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 buying an additional 504 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Four Corners Property Trust by 9.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,908 shares of the financial services provider's stock valued at $1,490,000 after purchasing an additional 4,729 shares in the last quarter. 98.66% of the stock is owned by institutional investors.

Four Corners Property Trust Stock Down 1.2%

Shares of NYSE FCPT traded down $0.33 during mid-day trading on Wednesday, reaching $26.95. 71,188 shares of the company's stock traded hands, compared to its average volume of 631,190. The stock has a market cap of $2.71 billion, a P/E ratio of 25.21 and a beta of 0.86. The business has a 50-day simple moving average of $27.68 and a 200 day simple moving average of $27.94. Four Corners Property Trust, Inc. has a 1-year low of $23.70 and a 1-year high of $30.93. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $67.17 million. During the same period in the prior year, the firm posted $0.43 EPS. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. On average, analysts expect that Four Corners Property Trust, Inc. will post 1.68 EPS for the current fiscal year.

Four Corners Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 5.27%. The ex-dividend date was Monday, March 31st. Four Corners Property Trust's dividend payout ratio is presently 132.71%.

Analysts Set New Price Targets

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

Insider Activity

In other news, CAO Niccole Stewart sold 9,100 shares of the company'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 value of $248,248.00. Following the completion of the transaction, the chief accounting officer now directly owns 31,204 shares of the company's stock, valued at $851,245.12. This represents a 22.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

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.