Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Sold by AlphaQuest LLC

AlphaQuest LLC lowered its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 52.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 27,887 shares of the financial services provider’s stock after selling 30,812 shares during the quarter. AlphaQuest LLC’s holdings in Four Corners Property Trust were worth $757,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Amundi grew its position in shares of Four Corners Property Trust by 5.3% during the fourth quarter. Amundi now owns 53,592 shares of the financial services provider’s stock worth $1,441,000 after buying an additional 2,679 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Four Corners Property Trust during the fourth quarter worth approximately $12,845,000. Arizona State Retirement System grew its position in shares of Four Corners Property Trust by 1.5% during the fourth quarter. Arizona State Retirement System now owns 26,893 shares of the financial services provider’s stock worth $730,000 after buying an additional 406 shares in the last quarter. Synergy Investment Management LLC acquired a new stake in shares of Four Corners Property Trust during the fourth quarter worth approximately $48,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Four Corners Property Trust by 6.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,612,978 shares of the financial services provider’s stock worth $43,776,000 after buying an additional 94,903 shares in the last quarter. Institutional investors and hedge funds own 98.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wells Fargo & Company lifted their price objective on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Monday. UBS Group assumed coverage on shares of Four Corners Property Trust in a report on Thursday, November 14th. They issued a “buy” rating and a $33.00 price objective for the company. Barclays decreased their price objective on shares of 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. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Three investment 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, the company presently has an average rating of “Moderate Buy” and an average target price of $30.20.

Four Corners Property Trust Stock Performance

FCPT stock opened at $28.14 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 26.30 and a beta of 1.16. Four Corners Property Trust, Inc. has a 1 year low of $22.38 and a 1 year high of $30.93. The stock’s fifty day moving average is $27.79 and its two-hundred day moving average is $28.40.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.16. Four Corners Property Trust had a net margin of 37.48% and a return on equity of 7.54%. On average, research analysts predict that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Four Corners Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.355 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a yield of 5.05%. Four Corners Property Trust’s dividend payout ratio is currently 132.71%.

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.