UBS Group AG Boosts Position in Four Corners Property Trust, Inc. $FCPT

UBS Group AG increased its stake in Four Corners Property Trust, Inc. (NYSE:FCPT) by 37.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 179,900 shares of the financial services provider’s stock after acquiring an additional 49,060 shares during the quarter. UBS Group AG’s holdings in Four Corners Property Trust were worth $4,148,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in FCPT. Parallel Advisors LLC increased its stake in Four Corners Property Trust by 80.1% in the 3rd quarter. Parallel Advisors LLC now owns 1,041 shares of the financial services provider’s stock worth $25,000 after buying an additional 463 shares during the period. Farther Finance Advisors LLC increased its stake in Four Corners Property Trust by 829.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,115 shares of the financial services provider’s stock worth $26,000 after buying an additional 995 shares during the period. First Horizon Corp increased its stake in Four Corners Property Trust by 147.4% in the 4th quarter. First Horizon Corp now owns 1,190 shares of the financial services provider’s stock worth $27,000 after buying an additional 709 shares during the period. Aster Capital Management DIFC Ltd increased its stake in Four Corners Property Trust by 1,632.6% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 1,646 shares of the financial services provider’s stock worth $40,000 after buying an additional 1,551 shares during the period. Finally, CIBC Private Wealth Group LLC increased its stake in Four Corners Property Trust by 136.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,718 shares of the financial services provider’s stock worth $66,000 after buying an additional 1,570 shares during the period. Hedge funds and other institutional investors own 98.66% of the company’s stock.

Insider Buying and Selling

In other Four Corners Property Trust news, CEO William H. Lenehan bought 7,865 shares of the business’s stock in a transaction on Friday, March 6th. The shares were acquired at an average price of $25.49 per share, with a total value of $200,478.85. Following the transaction, the chief executive officer owned 765,845 shares of the company’s stock, valued at approximately $19,521,389.05. This trade represents a 1.04% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FCPT shares. Raymond James Financial reduced their price target on shares of Four Corners Property Trust from $29.00 to $28.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 17th. BMO Capital Markets started coverage on shares of Four Corners Property Trust in a research note on Friday, April 17th. They issued a “market perform” rating and a $27.00 price target on the stock. Weiss Ratings raised shares of Four Corners Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Citizens Jmp raised shares of 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 note on Wednesday, March 25th. Finally, Barclays raised their target price on shares of 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. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.00.

Four Corners Property Trust Trading Up 0.3%

NYSE FCPT opened at $25.06 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.15 and a current ratio of 0.15. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 22.38 and a beta of 0.83. The company’s 50-day simple moving average is $24.82 and its two-hundred day simple moving average is $24.44. Four Corners Property Trust, Inc. has a one year low of $22.78 and a one year high of $28.11.

Four Corners Property Trust (NYSE:FCPT) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.14). The business had revenue of $78.17 million for the quarter, compared to analysts’ expectations of $73.34 million. Four Corners Property Trust had a net margin of 38.74% and a return on equity of 7.38%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the business posted $0.44 EPS. Equities analysts forecast that Four Corners Property Trust, Inc. will post 1.75 EPS for the current fiscal year.

Four Corners Property Trust Dividend Announcement

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