Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. decreased its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 2.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 26,544 shares of the financial services provider’s stock after selling 627 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Four Corners Property Trust were worth $720,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. grew its stake in shares of Four Corners Property Trust by 4.1% in the fourth quarter. 1620 Investment Advisors Inc. now owns 9,138 shares of the financial services provider’s stock valued at $248,000 after buying an additional 363 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Four Corners Property Trust by 1.5% in the fourth quarter. Arizona State Retirement System now owns 26,893 shares of the financial services provider’s stock valued at $730,000 after buying an additional 406 shares in the last quarter. Mariner LLC grew its stake in shares of Four Corners Property Trust by 2.8% in the fourth quarter. Mariner LLC now owns 17,098 shares of the financial services provider’s stock valued at $464,000 after buying an additional 467 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Four Corners Property Trust by 1.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 45,170 shares of the financial services provider’s stock valued at $1,226,000 after buying an additional 469 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its stake in shares of Four Corners Property Trust by 4.0% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 12,988 shares of the financial services provider’s stock valued at $357,000 after buying an additional 504 shares in the last quarter. Institutional investors and hedge funds own 98.66% of the company’s stock.

Analyst Ratings Changes

FCPT has been the subject of a number of research reports. UBS Group dropped their price objective on Four Corners Property Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, May 13th. JMP Securities reaffirmed a “market perform” rating on shares of Four Corners Property Trust in a research note on Thursday, February 13th. Barclays dropped their price objective on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company lifted their price objective on Four Corners Property Trust from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.60.

Insider Activity at Four Corners Property Trust

In related news, CAO Niccole Stewart sold 9,100 shares of Four Corners Property Trust stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $27.28, for a total value of $248,248.00. Following the completion of the transaction, the chief accounting officer now directly owns 31,204 shares in the company, valued at approximately $851,245.12. This trade represents a 22.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Four Corners Property Trust Trading Down 0.3%

NYSE:FCPT opened at $27.53 on Wednesday. The firm has a market cap of $2.77 billion, a PE ratio of 25.73 and a beta of 0.86. The stock has a fifty day moving average price of $27.78 and a 200 day moving average price of $27.96. Four Corners Property Trust, Inc. has a 12-month low of $23.70 and a 12-month high of $30.93. 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 released its earnings results on Wednesday, April 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The firm had revenue of $71.48 million during the quarter, compared to analyst estimates of $67.17 million. Four Corners Property Trust had a return on equity of 7.54% and a net margin of 37.48%. Four Corners Property Trust’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share. Sell-side analysts anticipate that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Four Corners Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.355 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a yield of 5.16%. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 132.71%.

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.