Two Sigma Investments LP Purchases 134,664 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

Two Sigma Investments LP lifted its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 56.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 373,709 shares of the financial services provider's stock after buying an additional 134,664 shares during the quarter. Two Sigma Investments LP owned about 0.39% of Four Corners Property Trust worth $10,142,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its stake in Four Corners Property Trust by 234.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider's stock worth $32,000 after acquiring an additional 817 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Four Corners Property Trust by 165.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 860 shares in the last quarter. VSM Wealth Advisory LLC bought a new stake in Four Corners Property Trust during the fourth quarter valued at approximately $39,000. Synergy Investment Management LLC purchased a new position in Four Corners Property Trust in the fourth quarter worth $48,000. Finally, Quarry LP purchased a new stake in Four Corners Property Trust during the fourth quarter valued at about $49,000. 98.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on FCPT. JMP Securities reiterated a "market perform" rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Wells Fargo & Company lifted their price target 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. UBS Group dropped their target price on shares of Four Corners Property Trust from $33.00 to $30.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Finally, Barclays cut 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 note on Tuesday, February 4th. Three 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, Four Corners Property Trust has an average rating of "Moderate Buy" and an average target price of $29.60.

Insider Buying and Selling at Four Corners Property Trust

In other news, CAO Niccole Stewart sold 9,100 shares of the stock in a transaction 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 sale, the chief accounting officer now directly owns 31,204 shares of the company's stock, valued at approximately $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 accessible through this link. Insiders own 1.20% of the company's stock.

Four Corners Property Trust Stock Up 0.4%

FCPT stock traded up $0.10 during midday trading on Friday, hitting $27.51. The stock had a trading volume of 37,377 shares, compared to its average volume of 631,854. The business has a 50-day moving average of $27.64 and a two-hundred day moving average of $27.93. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 25.73 and a beta of 0.86. Four Corners Property Trust, Inc. has a 52-week low of $23.76 and a 52-week high of $30.93.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. The firm had revenue of $71.48 million for the quarter, compared to analysts' expectations 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 quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.43 EPS. As a group, equities research analysts forecast that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Four Corners Property Trust Announces Dividend

The firm also recently disclosed 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 5.16%. 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.