Four Corners Property Trust, Inc. $FCPT Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC lowered its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 40.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,781 shares of the financial services provider’s stock after selling 36,173 shares during the period. New Age Alpha Advisors LLC owned about 0.05% of Four Corners Property Trust worth $1,240,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in FCPT. B&I Capital AG increased its position in Four Corners Property Trust by 20.5% in the 3rd quarter. B&I Capital AG now owns 268,787 shares of the financial services provider’s stock valued at $6,558,000 after acquiring an additional 45,687 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Four Corners Property Trust by 20,354.6% in the 4th 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 acquiring an additional 4,593,018 shares during the period. Public Sector Pension Investment Board increased its position in Four Corners Property Trust by 18.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 407,427 shares of the financial services provider’s stock valued at $9,941,000 after acquiring an additional 64,906 shares during the period. JPMorgan Chase & Co. increased its position in Four Corners Property Trust by 20.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 611,782 shares of the financial services provider’s stock valued at $14,927,000 after acquiring an additional 104,480 shares during the period. Finally, Clear Trail Advisors LLC acquired a new position in Four Corners Property Trust in the 4th quarter valued at about $1,328,000. Institutional investors and hedge funds own 98.66% of the company’s stock.

Insiders Place Their Bets

In other Four Corners Property Trust news, CEO William H. Lenehan acquired 3,961 shares of the stock in a transaction on Tuesday, May 5th. The shares were bought at an average price of $25.23 per share, with a total value of $99,936.03. Following the acquisition, the chief executive officer owned 775,696 shares of the company’s stock, valued at $19,570,810.08. This trade represents a 0.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Four Corners Property Trust Price Performance

Shares of FCPT opened at $24.97 on Thursday. Four Corners Property Trust, Inc. has a twelve month low of $22.78 and a twelve month high of $28.11. The stock’s 50 day moving average is $24.79 and its two-hundred day moving average is $24.47. The firm has a market capitalization of $2.74 billion, a PE ratio of 22.30 and a beta of 0.83. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.35.

Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings data 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 net margin of 38.74% and a return on equity of 7.38%. The business had revenue of $78.17 million during the quarter, compared to analysts’ expectations of $73.34 million. During the same period in the prior year, the firm posted $0.44 EPS. Four Corners Property Trust’s revenue for the quarter was up 9.4% compared to the same quarter last year. Research analysts anticipate that Four Corners Property Trust, Inc. will post 1.75 earnings per share for the current year.

Four Corners Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.3665 dividend. This represents a $1.47 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend was Tuesday, March 31st. Four Corners Property Trust’s payout ratio is currently 131.25%.

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.