Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 12.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 602,820 shares of the financial services provider's stock after selling 84,498 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.62% of Four Corners Property Trust worth $16,361,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of FCPT. EverSource Wealth Advisors LLC boosted its position in shares of Four Corners Property Trust by 234.1% during 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 in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Four Corners Property Trust by 165.7% during 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 acquired a new stake in shares of Four Corners Property Trust in the 4th quarter worth approximately $39,000. Synergy Investment Management LLC acquired a new stake in shares of Four Corners Property Trust in the 4th quarter worth approximately $48,000. Finally, Quarry LP acquired a new stake in shares of Four Corners Property Trust in the 4th quarter worth approximately $49,000. 98.66% of the stock is owned by institutional investors and hedge funds.

Four Corners Property Trust Stock Performance

Shares of FCPT traded up $0.23 during mid-day trading on Friday, hitting $27.64. 600,805 shares of the company's stock were exchanged, compared to its average volume of 635,096. The stock's 50-day simple moving average is $27.63 and its 200-day simple moving average is $27.93. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 25.83 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 52 week low of $23.76 and a 52 week high of $30.93.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last posted its quarterly 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 firm had revenue of $71.48 million during the quarter, compared to the consensus estimate of $67.17 million. During the same period in the previous year, the firm posted $0.43 earnings per share. The business's revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts expect that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Four Corners Property Trust Dividend Announcement

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 5.14%. The ex-dividend date was Monday, March 31st. Four Corners Property Trust's dividend payout ratio (DPR) is presently 132.71%.

Insider Activity

In other news, CAO Niccole Stewart sold 9,100 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $27.28, for a total value of $248,248.00. Following the transaction, the chief accounting officer now 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 can be accessed through this hyperlink. Insiders own 1.20% of the company's stock.

Wall Street Analysts Forecast Growth

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

Four Corners Property Trust 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.