Four Corners Property Trust, Inc. (NYSE:FCPT) Short Interest Update

Four Corners Property Trust, Inc. (NYSE:FCPT) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 3,476,759 shares, a growth of 16.8% from the February 12th total of 2,976,374 shares. Based on an average daily trading volume, of 912,651 shares, the short-interest ratio is presently 3.8 days. Approximately 3.2% of the shares of the stock are short sold. Approximately 3.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 912,651 shares, the short-interest ratio is presently 3.8 days.

Four Corners Property Trust Trading Up 0.9%

Four Corners Property Trust stock opened at $25.87 on Tuesday. Four Corners Property Trust has a 12 month low of $22.78 and a 12 month high of $28.98. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 23.51 and a beta of 0.82. The business’s fifty day simple moving average is $24.90 and its two-hundred day simple moving average is $24.43. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.36.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings results on Wednesday, February 11th. The financial services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. The firm had revenue of $75.67 million during the quarter, compared to the consensus estimate of $76.04 million. Four Corners Property Trust had a return on equity of 7.39% and a net margin of 38.20%.The company’s revenue was up 10.7% on a year-over-year basis. During the same period last year, the company earned $0.44 earnings per share. As a group, equities analysts predict that Four Corners Property Trust will post 1.68 earnings per share for the current fiscal year.

Four Corners Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $0.3665 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.47 annualized dividend and a yield of 5.7%. Four Corners Property Trust’s payout ratio is 133.64%.

Analysts Set New Price Targets

Several research analysts have recently commented on FCPT shares. Wells Fargo & Company cut their price objective on 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. Citigroup reissued a “market perform” rating on shares of Four Corners Property Trust in a research note on Monday, January 5th. Evercore lowered their price target on Four Corners Property Trust from $29.00 to $26.00 and set an “in-line” rating for the company in a research report on Monday, December 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Four Corners Property Trust in a research report on Friday, January 9th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $28.00.

Insider Activity

In other Four Corners Property Trust news, CEO William H. Lenehan acquired 7,865 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average price of $25.49 per share, with a total value of $200,478.85. Following the completion of the purchase, the chief executive officer owned 765,845 shares of the company’s stock, valued at approximately $19,521,389.05. This represents a 1.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Four Corners Property Trust

A number of institutional investors have recently made changes to their positions in FCPT. Parallel Advisors LLC raised its holdings in Four Corners Property Trust by 80.1% in the 3rd quarter. Parallel Advisors LLC now owns 1,041 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 463 shares during the last quarter. Farther Finance Advisors LLC grew its position in Four Corners Property Trust by 829.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,115 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 995 shares during the period. First Horizon Corp raised its stake in Four Corners Property Trust by 147.4% during the 4th quarter. First Horizon Corp now owns 1,190 shares of the financial services provider’s stock valued at $27,000 after buying an additional 709 shares during the last quarter. Huntington National Bank lifted its holdings in shares of Four Corners Property Trust by 114.1% during the 4th quarter. Huntington National Bank now owns 1,569 shares of the financial services provider’s stock valued at $36,000 after buying an additional 836 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in shares of Four Corners Property Trust in the 4th quarter worth $36,000. Hedge funds and other institutional investors own 98.66% of the company’s stock.

About Four Corners Property Trust

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.