ProShare Advisors LLC Purchases 9,924 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

ProShare Advisors LLC increased its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 51.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,082 shares of the financial services provider’s stock after purchasing an additional 9,924 shares during the period. ProShare Advisors LLC’s holdings in Four Corners Property Trust were worth $789,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Four Corners Property Trust by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 10,874,938 shares of the financial services provider’s stock valued at $295,146,000 after purchasing an additional 240,230 shares during the period. Invesco Ltd. increased its holdings in Four Corners Property Trust by 2.9% in the 4th quarter. Invesco Ltd. now owns 3,072,755 shares of the financial services provider’s stock valued at $83,395,000 after acquiring an additional 85,476 shares during the last quarter. Geode Capital Management LLC increased its holdings in Four Corners Property Trust by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 2,455,295 shares of the financial services provider’s stock valued at $66,651,000 after acquiring an additional 98,120 shares during the last quarter. Capital International Investors increased its holdings in Four Corners Property Trust by 25.4% in the 4th quarter. Capital International Investors now owns 2,267,422 shares of the financial services provider’s stock valued at $61,538,000 after acquiring an additional 459,542 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Four Corners Property Trust by 2.7% in the 4th quarter. Principal Financial Group Inc. now owns 1,822,422 shares of the financial services provider’s stock valued at $49,463,000 after acquiring an additional 48,319 shares during the last quarter. 98.66% of the stock is currently owned by institutional investors.

Insider Transactions at Four Corners Property Trust

In other news, CAO Niccole Stewart sold 9,100 shares of the business’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $27.28, for a total value of $248,248.00. Following the sale, the chief accounting officer now directly owns 31,204 shares in the company, valued at $851,245.12. The trade was a 22.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.20% of the company’s stock.

Four Corners Property Trust Stock Performance

Four Corners Property Trust stock opened at $27.05 on Friday. The company’s 50-day moving average price is $27.73 and its 200-day moving average price is $27.95. Four Corners Property Trust, Inc. has a twelve month low of $23.70 and a twelve month high of $30.93. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.36. The company has a market cap of $2.72 billion, a PE ratio of 25.28 and a beta of 0.86.

Four Corners Property Trust (NYSE:FCPT) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $67.17 million. During the same period in the previous year, the firm posted $0.43 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities research analysts forecast that Four Corners Property Trust, Inc. will post 1.68 EPS for the current fiscal year.

Four Corners Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.355 dividend. 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 5.25%. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 132.71%.

Analysts Set New Price Targets

A number of analysts have issued reports on FCPT shares. UBS Group reduced 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. Barclays reduced their price target on shares of Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Finally, Wells Fargo & Company lifted their price target on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, March 10th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Four Corners Property Trust presently has an average rating of “Moderate Buy” and a consensus target price of $29.60.

Four Corners Property Trust Company 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.