Jupiter Topco LLC Purchases New Holdings in Four Corners Property Trust, Inc. $FCPT

Jupiter Topco LLC acquired a new position in Four Corners Property Trust, Inc. (NYSE:FCPT) during the 2nd quarter, HoldingsChannel reports. The fund acquired 45,301 shares of the financial services provider’s stock, valued at approximately $1,112,000.

Several other large investors also recently bought and sold shares of FCPT. Parallel Advisors LLC raised its holdings in shares of Four Corners Property Trust by 80.1% during the third quarter. Parallel Advisors LLC now owns 1,041 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 463 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Four Corners Property Trust by 829.2% in the fourth quarter. Farther Finance Advisors LLC now owns 1,115 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 995 shares in the last quarter. Huntington National Bank boosted its stake in shares of Four Corners Property Trust by 114.1% in the fourth quarter. Huntington National Bank now owns 1,569 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 836 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Four Corners Property Trust in the fourth quarter worth approximately $36,000. Finally, Bessemer Group Inc. increased its position in shares of Four Corners Property Trust by 326.1% during the first quarter. Bessemer Group Inc. now owns 1,649 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 1,262 shares in the last quarter. 98.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FCPT has been the subject of several recent research reports. Weiss Ratings downgraded Four Corners Property Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Citigroup reaffirmed a “market outperform” rating on shares of Four Corners Property Trust in a research note on Tuesday, August 25th. Citizens Jmp reiterated a “market outperform” rating and issued a $28.00 target price on shares of Four Corners Property Trust in a research report on Tuesday, August 25th. Huntington initiated coverage on shares of Four Corners Property Trust in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $27.00 target price for the company. Finally, UBS Group restated a “buy” rating and set a $30.00 price target on shares of Four Corners Property Trust in a research report on Thursday, July 9th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Four Corners Property Trust currently has an average rating of “Moderate Buy” and a consensus target price of $27.90.

Four Corners Property Trust Stock Performance

NYSE:FCPT opened at $24.96 on Friday. The company’s 50-day moving average is $25.31 and its two-hundred day moving average is $25.06. Four Corners Property Trust, Inc. has a 1-year low of $22.78 and a 1-year high of $26.86. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.14 and a quick ratio of 0.14. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 22.49 and a beta of 0.79.

Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.16. The business had revenue of $78.42 million during the quarter, compared to the consensus estimate of $79.02 million. Four Corners Property Trust had a net margin of 38.70% and a return on equity of 7.35%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 EPS. Analysts forecast that Four Corners Property Trust, Inc. will post 1.76 EPS for the current year.

Four Corners Property Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.1222 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a c) annualized dividend and a yield of 5.9%. Four Corners Property Trust’s dividend payout ratio (DPR) is 132.43%.

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.