Universal Beteiligungs und Servicegesellschaft mbH Purchases 3,739 Shares of Four Corners Property Trust, Inc. $FCPT

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 4.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,266 shares of the financial services provider’s stock after purchasing an additional 3,739 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Four Corners Property Trust worth $2,295,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Nuveen LLC bought a new position in shares of Four Corners Property Trust during the 1st quarter worth $18,291,000. Cbre Investment Management Listed Real Assets LLC grew its holdings in Four Corners Property Trust by 63.1% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,342,834 shares of the financial services provider’s stock worth $38,539,000 after acquiring an additional 519,633 shares in the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in Four Corners Property Trust during the 1st quarter valued at about $14,350,000. Vanguard Group Inc. increased its position in Four Corners Property Trust by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 11,275,334 shares of the financial services provider’s stock valued at $323,602,000 after purchasing an additional 400,396 shares during the period. Finally, ProShare Advisors LLC raised its holdings in shares of Four Corners Property Trust by 957.8% in the 2nd quarter. ProShare Advisors LLC now owns 241,034 shares of the financial services provider’s stock valued at $6,486,000 after purchasing an additional 218,247 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

A number of equities analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Barclays dropped their target price on Four Corners Property Trust from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Monday, October 20th. Robert W. Baird set a $29.00 price target on Four Corners Property Trust in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Four Corners Property Trust in a research report on Tuesday, October 14th. Finally, Raymond James Financial reduced their target price on shares of Four Corners Property Trust from $31.00 to $29.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Four Corners Property Trust presently has an average rating of “Hold” and a consensus price target of $28.80.

Four Corners Property Trust Stock Down 0.2%

Shares of FCPT stock opened at $23.95 on Tuesday. The stock’s fifty day moving average price is $24.26 and its 200 day moving average price is $25.76. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.12 and a quick ratio of 0.12. Four Corners Property Trust, Inc. has a 1-year low of $23.05 and a 1-year high of $30.12. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 21.97 and a beta of 0.88.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. Four Corners Property Trust had a return on equity of 7.39% and a net margin of 38.04%.The business had revenue of $74.15 million during the quarter, compared to the consensus estimate of $71.86 million. During the same quarter last year, the company earned $0.43 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. On average, research analysts expect that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Four Corners Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.3665 per share. This represents a $1.47 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Wednesday, December 31st. This is a positive change from Four Corners Property Trust’s previous quarterly dividend of $0.36. Four Corners Property Trust’s dividend payout ratio (DPR) is currently 130.28%.

Insiders Place Their Bets

In other news, CEO William H. Lenehan bought 7,850 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were purchased at an average cost of $25.40 per share, with a total value of $199,390.00. Following the transaction, the chief executive officer directly owned 698,426 shares in the company, valued at approximately $17,740,020.40. The trade was a 1.14% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Douglas B. Hansen bought 1,984 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were purchased at an average cost of $23.64 per share, with a total value of $46,901.76. Following the acquisition, the director directly owned 78,247 shares of the company’s stock, valued at approximately $1,849,759.08. This trade represents a 2.60% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 1.20% of the company’s stock.

Four Corners Property Trust Profile

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.