Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Four Corners Property Trust, Inc. (NYSE:FCPT)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH recently acquired 81,527 shares of Four Corners Property Trust, valued at approximately $2,340,000, giving it a 0.08% stake in the company.
• Wall Street analysts have a consensus price target of $29.40 for Four Corners Property Trust, with ratings ranging from "buy" to "hold" by various investment analysts.
• Four Corners Property Trust announced a quarterly dividend of $0.355 per share, with a current yield of 5.37%, despite a dividend payout ratio of 132.71%.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 81,527 shares of the financial services provider's stock, valued at approximately $2,340,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Four Corners Property Trust at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. CWM LLC grew its position in Four Corners Property Trust by 15.0% in the first quarter. CWM LLC now owns 2,975 shares of the financial services provider's stock worth $85,000 after buying an additional 389 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Four Corners Property Trust by 5.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,755 shares of the financial services provider's stock worth $238,000 after purchasing an additional 450 shares in the last quarter. Palisades Investment Partners LLC grew its position in Four Corners Property Trust by 1.5% during the 1st quarter. Palisades Investment Partners LLC now owns 31,762 shares of the financial services provider's stock worth $912,000 after purchasing an additional 459 shares in the last quarter. Mariner LLC grew its position in Four Corners Property Trust by 2.8% during the 4th quarter. Mariner LLC now owns 17,098 shares of the financial services provider's stock worth $464,000 after purchasing an additional 467 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its position in Four Corners Property Trust by 4.0% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 12,988 shares of the financial services provider's stock worth $357,000 after purchasing an additional 504 shares in the last quarter. Institutional investors own 98.66% of the company's stock.

Analysts Set New Price Targets

FCPT has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on shares of Four Corners Property Trust from $31.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday, June 2nd. Raymond James Financial lowered their price target on shares of Four Corners Property Trust from $31.00 to $29.00 and set an "outperform" rating on the stock in a report on Thursday. Finally, UBS Group lowered 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 report on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $29.40.

Insiders Place Their Bets

In related news, Director John S. Moody sold 7,667 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $27.42, for a total value of $210,229.14. Following the sale, the director owned 53,821 shares of the company's stock, valued at $1,475,771.82. The trade was a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by insiders.

Four Corners Property Trust Stock Performance

Four Corners Property Trust stock traded up $0.21 on Friday, reaching $25.45. 919,549 shares of the stock were exchanged, compared to its average volume of 566,623. The stock has a market cap of $2.66 billion, a PE ratio of 23.57 and a beta of 0.84. The company has a current ratio of 0.12, a quick ratio of 0.14 and a debt-to-equity ratio of 0.39. Four Corners Property Trust, Inc. has a twelve month low of $25.00 and a twelve month high of $30.93. The firm has a fifty day moving average price of $26.96 and a two-hundred day moving average price of $27.55.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last released its earnings results on Tuesday, July 29th. 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 $72.84 million during the quarter, compared to analyst estimates of $70.27 million. Four Corners Property Trust had a net margin of 37.87% and a return on equity of 7.40%. The business's revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 EPS. Sell-side analysts anticipate that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Four Corners Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.355 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.42 dividend on an annualized basis and a yield of 5.6%. Four Corners Property Trust's payout ratio is presently 131.48%.

About Four Corners Property Trust

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.