Four Corners Property Trust, Inc. (FCPT) Stake Decreased by Osterweis Capital Management Inc.

Osterweis Capital Management Inc. lessened its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 2.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 597,575 shares of the financial services provider’s stock after selling 13,915 shares during the quarter. Osterweis Capital Management Inc. owned about 0.98% of Four Corners Property Trust worth $15,005,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Pinebridge Investments L.P. lifted its position in shares of Four Corners Property Trust by 1.2% during the 2nd quarter. Pinebridge Investments L.P. now owns 7,908 shares of the financial services provider’s stock worth $198,000 after buying an additional 97 shares during the last quarter. Arizona State Retirement System raised its position in Four Corners Property Trust by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 31,338 shares of the financial services provider’s stock valued at $787,000 after purchasing an additional 100 shares during the last quarter. Suntrust Banks Inc. raised its position in Four Corners Property Trust by 1.1% in the 2nd quarter. Suntrust Banks Inc. now owns 26,945 shares of the financial services provider’s stock valued at $675,000 after purchasing an additional 295 shares during the last quarter. Texas Permanent School Fund raised its position in Four Corners Property Trust by 1.1% in the 2nd quarter. Texas Permanent School Fund now owns 43,824 shares of the financial services provider’s stock valued at $1,100,000 after purchasing an additional 470 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in Four Corners Property Trust by 3.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 14,136 shares of the financial services provider’s stock valued at $355,000 after purchasing an additional 480 shares during the last quarter. Institutional investors and hedge funds own 87.80% of the company’s stock.

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Several research firms recently commented on FCPT. BidaskClub downgraded shares of Four Corners Property Trust from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. Ladenburg Thalmann Financial Services reiterated a “buy” rating and issued a $28.00 price target (up previously from $27.00) on shares of Four Corners Property Trust in a research report on Friday, September 22nd. Zacks Investment Research downgraded shares of Four Corners Property Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. Raymond James Financial, Inc. upgraded shares of Four Corners Property Trust from a “market perform” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Tuesday, August 15th. Finally, UBS AG upgraded shares of Four Corners Property Trust from a “market perform” rating to an “outperform” rating in a research report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Four Corners Property Trust presently has an average rating of “Hold” and a consensus price target of $27.00.

Four Corners Property Trust, Inc. (NYSE FCPT) traded down 0.55% during mid-day trading on Friday, reaching $25.39. 286,852 shares of the company traded hands. Four Corners Property Trust, Inc. has a 52-week low of $16.71 and a 52-week high of $25.94. The stock has a market capitalization of $1.55 billion, a PE ratio of 18.74 and a beta of 0.13. The firm’s 50-day moving average is $25.23 and its 200 day moving average is $24.42.

Four Corners Property Trust (NYSE:FCPT) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The business had revenue of $33.20 million during the quarter, compared to analyst estimates of $33.33 million. Four Corners Property Trust had a return on equity of 17.21% and a net margin of 63.74%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 EPS. On average, equities research analysts expect that Four Corners Property Trust, Inc. will post $1.03 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a $0.243 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend is Thursday, September 28th. Four Corners Property Trust’s dividend payout ratio is presently 71.85%.

Four Corners Property Trust Profile

Four Corners Property Trust, Inc is a self-administered company and real estate investment trust (REIT), which owns, acquires and leases properties for use in the restaurant and food service related industries. The Company operates through two segments: real estate operations and restaurant operations.

Institutional Ownership by Quarter for Four Corners Property Trust (NYSE:FCPT)

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