William Blair Investment Management LLC Sells 109,331 Shares of Four Corners Property Trust, Inc. $FCPT

William Blair Investment Management LLC decreased its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,055,836 shares of the financial services provider’s stock after selling 109,331 shares during the period. William Blair Investment Management LLC’s holdings in Four Corners Property Trust were worth $24,348,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FCPT. Handelsbanken Fonder AB raised its holdings in shares of Four Corners Property Trust by 3.7% during the fourth quarter. Handelsbanken Fonder AB now owns 33,495 shares of the financial services provider’s stock valued at $772,000 after purchasing an additional 1,200 shares during the period. ProShare Advisors LLC raised its holdings in shares of Four Corners Property Trust by 7.8% during the fourth quarter. ProShare Advisors LLC now owns 277,163 shares of the financial services provider’s stock valued at $6,391,000 after purchasing an additional 20,149 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Four Corners Property Trust by 20,354.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,615,583 shares of the financial services provider’s stock valued at $106,435,000 after purchasing an additional 4,593,018 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of Four Corners Property Trust by 15.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 88,690 shares of the financial services provider’s stock valued at $2,045,000 after purchasing an additional 11,844 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Four Corners Property Trust by 3.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 24,276 shares of the financial services provider’s stock valued at $560,000 after purchasing an additional 700 shares during the period. Institutional investors own 98.66% of the company’s stock.

Four Corners Property Trust Trading Up 0.0%

FCPT opened at $25.06 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.15 and a quick ratio of 0.15. Four Corners Property Trust, Inc. has a fifty-two week low of $22.78 and a fifty-two week high of $28.11. The firm has a market capitalization of $2.75 billion, a PE ratio of 22.38 and a beta of 0.83. The company’s 50-day moving average is $24.81 and its 200 day moving average is $24.45.

Four Corners Property Trust (NYSE:FCPT) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $78.17 million during the quarter, compared to analyst estimates of $73.34 million. During the same quarter in the prior year, the company earned $0.44 EPS. The company’s revenue was up 9.4% on a year-over-year basis. As a group, research analysts predict that Four Corners Property Trust, Inc. will post 1.75 earnings per share for the current fiscal year.

Four Corners Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.3665 dividend. This represents a $1.47 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date was Tuesday, March 31st. Four Corners Property Trust’s dividend payout ratio is currently 131.25%.

Insider Buying and Selling at Four Corners Property Trust

In other Four Corners Property Trust news, CEO William H. Lenehan bought 3,961 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were bought at an average price of $25.23 per share, for a total transaction of $99,936.03. Following the acquisition, the chief executive officer directly owned 775,696 shares of the company’s stock, valued at approximately $19,570,810.08. The trade was a 0.51% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. BMO Capital Markets assumed coverage on shares of Four Corners Property Trust in a report on Friday, April 17th. They set a “market perform” rating and a $27.00 price objective on the stock. Raymond James Financial dropped their price objective on shares of Four Corners Property Trust from $29.00 to $28.00 and set an “outperform” rating on the stock in a report on Tuesday, March 17th. Weiss Ratings upgraded shares of Four Corners Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Barclays upped their price objective on shares of Four Corners Property Trust from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Tuesday, April 21st. Finally, Citizens Jmp upgraded shares of 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 report on Wednesday, March 25th. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $28.00.

Four Corners Property Trust 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.