B&I Capital AG Purchases 39,450 Shares of Four Corners Property Trust, Inc. $FCPT

B&I Capital AG increased its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 12.3% in the first quarter, HoldingsChannel reports. The firm owned 361,237 shares of the financial services provider’s stock after purchasing an additional 39,450 shares during the period. Four Corners Property Trust makes up approximately 2.9% of B&I Capital AG’s investment portfolio, making the stock its 14th biggest holding. B&I Capital AG’s holdings in Four Corners Property Trust were worth $8,543,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FCPT. Allspring Global Investments Holdings LLC boosted its position in Four Corners Property Trust by 13.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 39,419 shares of the financial services provider’s stock valued at $927,000 after buying an additional 4,623 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Four Corners Property Trust by 23.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 74,790 shares of the financial services provider’s stock worth $1,769,000 after acquiring an additional 14,253 shares in the last quarter. Manning & Napier Advisors LLC boosted its holdings in shares of Four Corners Property Trust by 23.7% in the 1st quarter. Manning & Napier Advisors LLC now owns 399,486 shares of the financial services provider’s stock worth $9,448,000 after acquiring an additional 76,637 shares in the last quarter. Hsbc Holdings PLC grew its position in Four Corners Property Trust by 5.8% during the 1st quarter. Hsbc Holdings PLC now owns 201,455 shares of the financial services provider’s stock worth $4,767,000 after acquiring an additional 11,010 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Four Corners Property Trust by 75.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,345,427 shares of the financial services provider’s stock worth $55,469,000 after acquiring an additional 1,010,648 shares during the last quarter. 98.66% of the stock is owned by institutional investors.

Four Corners Property Trust Stock Performance

Shares of Four Corners Property Trust stock opened at $26.41 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.15 and a quick ratio of 0.15. The firm has a market cap of $2.90 billion, a P/E ratio of 23.58 and a beta of 0.80. The firm has a 50 day simple moving average of $24.89 and a 200 day simple moving average of $24.79. Four Corners Property Trust, Inc. has a fifty-two week low of $22.78 and a fifty-two week high of $26.96.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.14). Four Corners Property Trust had a return on equity of 7.38% and a net margin of 38.74%.The company had revenue of $78.17 million during the quarter, compared to the consensus estimate of $73.34 million. During the same quarter last year, the firm earned $0.44 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Sell-side analysts predict that Four Corners Property Trust, Inc. will post 1.76 earnings per share for the current fiscal year.

Four Corners Property Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.1222 per share. The ex-dividend date is Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. Four Corners Property Trust’s payout ratio is presently 131.25%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FCPT. UBS Group reaffirmed a “buy” rating and set a $30.00 price target on shares of Four Corners Property Trust in a report on Thursday, July 9th. Citizens Jmp raised Four Corners Property Trust from a “market perform” rating to an “outperform” rating and set a $28.00 price objective on the stock in a research note on Wednesday, March 25th. Barclays increased their target price on Four Corners Property Trust from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 21st. BMO Capital Markets started coverage on Four Corners Property Trust in a research note on Friday, April 17th. They issued a “market perform” rating and a $27.00 target price for the company. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Four Corners Property Trust in a report on Monday, June 1st. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $27.89.

Insider Buying and Selling at Four Corners Property Trust

In other news, CEO William H. Lenehan purchased 3,961 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were acquired at an average price of $25.23 per share, with a total value of $99,936.03. Following the completion of the purchase, the chief executive officer directly owned 775,696 shares of the company’s stock, valued at $19,570,810.08. The trade was a 0.51% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by insiders.

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.