Aptus Capital Advisors LLC Increases Stake in Four Corners Property Trust, Inc. (NYSE:FCPT)

Aptus Capital Advisors LLC increased its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 22.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,394 shares of the financial services provider's stock after acquiring an additional 22,553 shares during the quarter. Aptus Capital Advisors LLC owned approximately 0.13% of Four Corners Property Trust worth $3,322,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV purchased a new position in shares of Four Corners Property Trust in the fourth quarter worth approximately $204,000. Northern Trust Corp lifted its holdings in shares of Four Corners Property Trust by 40.7% during the 4th quarter. Northern Trust Corp now owns 1,330,086 shares of the financial services provider's stock worth $36,099,000 after acquiring an additional 385,013 shares during the period. Beacon Pointe Advisors LLC bought a new stake in Four Corners Property Trust in the fourth quarter valued at $324,000. Quarry LP acquired a new stake in shares of Four Corners Property Trust during the fourth quarter worth approximately $49,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Four Corners Property Trust by 12.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 74,070 shares of the financial services provider's stock worth $2,011,000 after acquiring an additional 8,097 shares during the last quarter. 98.66% of the stock is currently owned by institutional investors.

Four Corners Property Trust Price Performance

Shares of Four Corners Property Trust stock traded down $0.14 on Wednesday, reaching $27.75. The stock had a trading volume of 879,999 shares, compared to its average volume of 624,528. Four Corners Property Trust, Inc. has a 1 year low of $23.70 and a 1 year high of $30.93. The business's 50 day moving average is $28.00 and its two-hundred day moving average is $28.03. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36. The company has a market cap of $2.77 billion, a P/E ratio of 25.94 and a beta of 0.86.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $67.17 million. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The business's quarterly revenue was up 7.5% compared to the same quarter last year. As a group, research analysts anticipate that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Four Corners Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date was Monday, March 31st. Four Corners Property Trust's payout ratio is presently 132.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FCPT shares. Barclays dropped their price objective on Four Corners Property Trust from $31.00 to $30.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. Wells Fargo & Company lifted their price target 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. Finally, JMP Securities reissued a "market perform" rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Three 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, Four Corners Property Trust has a consensus rating of "Moderate Buy" and an average price target of $30.20.

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.