Versor Investments LP Makes New Investment in Four Corners Property Trust, Inc. $FCPT

Versor Investments LP bought a new position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,200 shares of the financial services provider’s stock, valued at approximately $678,000.

Several other hedge funds have also recently bought and sold shares of FCPT. Trust Co. of Toledo NA OH acquired a new position in Four Corners Property Trust during the second quarter worth $27,000. Costello Asset Management INC bought a new stake in Four Corners Property Trust during the first quarter valued at about $40,000. Brooklyn Investment Group boosted its holdings in Four Corners Property Trust by 1,389.5% during the first quarter. Brooklyn Investment Group now owns 1,698 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 1,584 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Four Corners Property Trust during the first quarter valued at about $77,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Four Corners Property Trust by 106.3% during the first quarter. Smartleaf Asset Management LLC now owns 2,845 shares of the financial services provider’s stock valued at $81,000 after acquiring an additional 1,466 shares during the period. 98.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Niccole Stewart sold 3,950 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $25.30, for a total value of $99,935.00. Following the completion of the transaction, the chief accounting officer owned 27,502 shares of the company’s stock, valued at $695,800.60. This represents a 12.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William H. Lenehan purchased 7,850 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was acquired at an average cost of $25.40 per share, with a total value of $199,390.00. Following the transaction, the chief executive officer directly owned 698,426 shares of the company’s stock, valued at approximately $17,740,020.40. This represents a 1.14% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.20% of the company’s stock.

Four Corners Property Trust Stock Up 2.0%

NYSE FCPT opened at $24.12 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a 50-day simple moving average of $24.80 and a 200 day simple moving average of $26.18. Four Corners Property Trust, Inc. has a twelve month low of $23.05 and a twelve month high of $30.12. The stock has a market cap of $2.56 billion, a PE ratio of 22.13 and a beta of 0.88.

Four Corners Property Trust (NYSE:FCPT) last released its earnings results on Tuesday, October 28th. The financial services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. Four Corners Property Trust had a net margin of 38.04% and a return on equity of 7.39%. The business had revenue of $74.15 million during the quarter, compared to analysts’ expectations of $71.86 million. During the same quarter last year, the company earned $0.43 earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. On average, research analysts forecast that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Four Corners Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Tuesday, September 30th. Four Corners Property Trust’s dividend payout ratio is 130.28%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays decreased their price target on shares of Four Corners Property Trust from $29.00 to $28.00 and set an “equal weight” rating for the company in a report on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Four Corners Property Trust in a report on Tuesday, October 14th. UBS Group upped their price target on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the company a “buy” rating in a report on Friday, August 15th. Wells Fargo & Company restated an “equal weight” rating and set a $27.00 price target (down from $29.00) on shares of Four Corners Property Trust in a report on Thursday, September 11th. Finally, Robert W. Baird set a $29.00 price target on shares of Four Corners Property Trust in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $28.80.

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.