Four Corners Property Trust, Inc. $FCPT Holdings Cut by Quantbot Technologies LP

Quantbot Technologies LP cut its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 61.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,505 shares of the financial services provider’s stock after selling 77,813 shares during the quarter. Quantbot Technologies LP’s holdings in Four Corners Property Trust were worth $1,184,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FCPT. Aster Capital Management DIFC Ltd lifted its holdings in shares of Four Corners Property Trust by 1,632.6% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 1,646 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 1,551 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Four Corners Property Trust by 12.0% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 80,546 shares of the financial services provider’s stock worth $1,965,000 after buying an additional 8,625 shares during the last quarter. Centersquare Investment Management LLC grew its stake in Four Corners Property Trust by 4.7% during the 3rd quarter. Centersquare Investment Management LLC now owns 22,695 shares of the financial services provider’s stock worth $554,000 after buying an additional 1,029 shares during the last quarter. Lion Street Advisors LLC increased its position in Four Corners Property Trust by 186.4% in the third quarter. Lion Street Advisors LLC now owns 28,705 shares of the financial services provider’s stock worth $700,000 after buying an additional 18,682 shares during the period. Finally, GSA Capital Partners LLP increased its position in Four Corners Property Trust by 242.4% in the third quarter. GSA Capital Partners LLP now owns 56,548 shares of the financial services provider’s stock worth $1,380,000 after buying an additional 40,031 shares during the period. 98.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Four Corners Property Trust

In other news, CEO William H. Lenehan bought 7,865 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average price of $25.49 per share, with a total value of $200,478.85. Following the completion of the acquisition, the chief executive officer directly owned 765,845 shares in the company, valued at approximately $19,521,389.05. This trade represents a 1.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Four Corners Property Trust from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Four Corners Property Trust in a report on Friday, January 9th. Evercore reduced their target price on shares of Four Corners Property Trust from $29.00 to $26.00 and set an “in-line” rating for the company in a research note on Monday, December 15th. Finally, Citigroup restated a “market perform” rating on shares of Four Corners Property Trust in a research report on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $28.00.

Four Corners Property Trust Price Performance

Shares of FCPT opened at $25.66 on Friday. Four Corners Property Trust, Inc. has a one year low of $22.78 and a one year high of $29.81. The stock’s fifty day moving average is $24.62 and its 200-day moving average is $24.45. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.13 and a current ratio of 0.13. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 23.33 and a beta of 0.82.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings data on Wednesday, February 11th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. The business had revenue of $75.67 million during the quarter, compared to the consensus estimate of $76.04 million. Four Corners Property Trust had a net margin of 38.20% and a return on equity of 7.39%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 earnings per share. Equities 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.3665 per share. This represents a $1.47 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Tuesday, March 31st. Four Corners Property Trust’s dividend payout ratio (DPR) is currently 133.64%.

Four Corners Property Trust Company Profile

Four Corners Property Trust is a publicly traded real estate investment trust focused on acquiring and managing single-tenant commercial properties subject to long-term, triple-net leases. The company targets industrial, manufacturing, distribution, office and retail facilities leased to creditworthy tenants. By concentrating on net-lease structures, Four Corners seeks to generate stable, predictable income streams and mitigate operating cost variability.

The firm’s core activities include sourcing off-market and broker-sourced acquisition opportunities, conducting rigorous credit and property due diligence, and structuring lease agreements that shift property taxes, insurance and maintenance expenses to tenants.