VSM Wealth Advisory LLC Makes New $39,000 Investment in Four Corners Property Trust, Inc. (NYSE:FCPT)

VSM Wealth Advisory LLC bought a new stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,429 shares of the financial services provider’s stock, valued at approximately $39,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Natixis Advisors LLC increased its holdings in shares of Four Corners Property Trust by 4.6% during the 3rd quarter. Natixis Advisors LLC now owns 31,209 shares of the financial services provider’s stock valued at $915,000 after acquiring an additional 1,377 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in Four Corners Property Trust by 6.1% during the third quarter. Thrivent Financial for Lutherans now owns 349,221 shares of the financial services provider’s stock valued at $10,236,000 after purchasing an additional 20,028 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Four Corners Property Trust by 211.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 159,630 shares of the financial services provider’s stock valued at $4,679,000 after purchasing an additional 108,345 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Four Corners Property Trust in the third quarter worth $725,000. Finally, Integrated Investment Consultants LLC grew its stake in Four Corners Property Trust by 27.3% in the 3rd quarter. Integrated Investment Consultants LLC now owns 12,789 shares of the financial services provider’s stock valued at $375,000 after buying an additional 2,742 shares during the last quarter. Institutional investors and hedge funds own 98.66% of the company’s stock.

Four Corners Property Trust Stock Performance

FCPT opened at $28.09 on Thursday. The stock has a market cap of $2.81 billion, a PE ratio of 26.25 and a beta of 1.16. Four Corners Property Trust, Inc. has a 1 year low of $22.38 and a 1 year high of $30.93. The stock’s 50 day simple moving average is $27.92 and its 200-day simple moving average is $28.40. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36.

Four Corners Property Trust (NYSE:FCPT) last issued its earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.16. Four Corners Property Trust had a net margin of 37.48% and a return on equity of 7.54%. Sell-side analysts forecast that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Four Corners Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.355 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.06%. Four Corners Property Trust’s payout ratio is presently 132.71%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FCPT. Wells Fargo & Company boosted their target price on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. JMP Securities reissued a “market perform” rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Finally, Barclays lowered their target price on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.20.

About Four Corners Property Trust

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.