Barclays PLC grew its stake in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 172,564 shares of the financial services provider's stock after purchasing an additional 16,543 shares during the quarter. Barclays PLC owned approximately 0.18% of Four Corners Property Trust worth $4,682,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its stake in 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 purchasing an additional 817 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in 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 during the last quarter. VSM Wealth Advisory LLC purchased a new stake in Four Corners Property Trust during the 4th quarter valued at about $39,000. Synergy Investment Management LLC acquired a new stake in Four Corners Property Trust in the 4th quarter valued at about $48,000. Finally, Eagle Bay Advisors LLC lifted its stake in Four Corners Property Trust by 25.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider's stock worth $58,000 after purchasing an additional 425 shares in the last quarter. Hedge funds and other institutional investors own 98.66% of the company's stock.
Four Corners Property Trust Trading Down 0.7 %
FCPT traded down $0.19 during mid-day trading on Friday, hitting $27.71. 121,825 shares of the stock were exchanged, compared to its average volume of 620,006. The firm's fifty day moving average is $28.06 and its two-hundred day moving average is $28.08. Four Corners Property Trust, Inc. has a 1-year low of $23.25 and a 1-year high of $30.93. The company has a market cap of $2.77 billion, a PE ratio of 25.90 and a beta of 0.93. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36.
Four Corners Property Trust (NYSE:FCPT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. The company had revenue of $71.48 million during 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 firm's revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS. Equities 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 business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders 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 annualized dividend and a yield of 5.13%. Four Corners Property Trust's dividend payout ratio (DPR) is 132.71%.
Analyst Ratings Changes
Several research firms recently commented on FCPT. Wells Fargo & Company increased their price target on Four Corners Property Trust from $30.00 to $31.00 and gave the company an "overweight" rating in a report on Monday, March 10th. JMP Securities restated a "market perform" rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Finally, Barclays cut 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 research report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Four Corners Property Trust currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.20.
Check Out Our Latest Stock Analysis on Four Corners Property Trust
About Four Corners Property Trust
(
Free Report)
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.
Further Reading
Before you consider Four Corners Property Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Four Corners Property Trust wasn't on the list.
While Four Corners Property Trust currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
