Aptus Capital Advisors LLC Purchases 22,553 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

Aptus Capital Advisors LLC boosted its stake in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 22.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,394 shares of the financial services provider's stock after purchasing an additional 22,553 shares during the quarter. Aptus Capital Advisors LLC owned about 0.13% of Four Corners Property Trust worth $3,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. JMP Securities reissued a "market perform" rating on shares of Four Corners Property Trust in a research note on Thursday, February 13th. Wells Fargo & Company lifted their price objective 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, Barclays dropped their target price 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Four Corners Property Trust currently has a consensus rating of "Moderate Buy" and an average target price of $30.20.

Four Corners Property Trust Trading Up 0.6 %

Four Corners Property Trust stock traded up $0.17 during trading hours on Friday, reaching $27.75. The stock had a trading volume of 469,126 shares, compared to its average volume of 626,724. The stock has a market cap of $2.79 billion, a PE ratio of 25.93 and a beta of 0.86. The company has a fifty day simple moving average of $27.95 and a 200-day simple moving average of $28.00. 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, Inc. has a 52 week low of $23.70 and a 52 week high of $30.93.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. The company had revenue of $71.48 million for the quarter, compared to the consensus estimate of $67.17 million. Four Corners Property Trust had a return on equity of 7.54% and a net margin of 37.48%. Four Corners Property Trust's revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 EPS. Analysts forecast 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. Investors of record on Monday, March 31st were issued a dividend of $0.355 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.12%. Four Corners Property Trust's dividend payout ratio is presently 132.71%.

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.