B&I Capital AG Has $6.56 Million Stock Position in Four Corners Property Trust, Inc. $FCPT

B&I Capital AG grew its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 20.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 268,787 shares of the financial services provider’s stock after acquiring an additional 45,687 shares during the period. Four Corners Property Trust comprises 2.3% of B&I Capital AG’s holdings, making the stock its 21st largest holding. B&I Capital AG owned about 0.25% of Four Corners Property Trust worth $6,558,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Hudson Bay Capital Management LP raised its position in Four Corners Property Trust by 42.9% during the 2nd quarter. Hudson Bay Capital Management LP now owns 1,443,164 shares of the financial services provider’s stock worth $38,836,000 after purchasing an additional 433,108 shares during the last quarter. Balyasny Asset Management L.P. grew its position in shares of Four Corners Property Trust by 23.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 2,159,994 shares of the financial services provider’s stock valued at $58,125,000 after buying an additional 417,134 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Four Corners Property Trust in the third quarter valued at about $7,320,000. Cubist Systematic Strategies LLC raised its position in shares of Four Corners Property Trust by 45,265.7% during the second quarter. Cubist Systematic Strategies LLC now owns 220,931 shares of the financial services provider’s stock worth $5,945,000 after acquiring an additional 220,444 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in shares of Four Corners Property Trust by 957.8% in the second quarter. ProShare Advisors LLC now owns 241,034 shares of the financial services provider’s stock worth $6,486,000 after acquiring an additional 218,247 shares during the period. Institutional investors own 98.66% of the company’s stock.

Four Corners Property Trust Trading Up 1.9%

NYSE:FCPT opened at $24.65 on Friday. Four Corners Property Trust, Inc. has a 12 month low of $22.78 and a 12 month high of $29.81. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 22.61 and a beta of 0.85. The firm has a fifty day simple moving average of $23.75 and a two-hundred day simple moving average of $24.58.

Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings data on Tuesday, October 28th. The financial services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. The firm had revenue of $74.15 million for the quarter, compared to analyst estimates of $71.86 million. Four Corners Property Trust had a net margin of 38.04% and a return on equity of 7.39%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. Analysts expect that Four Corners Property Trust, Inc. will post 1.68 EPS for the current fiscal year.

Four Corners Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a $0.3665 dividend. The ex-dividend date was Wednesday, December 31st. This is an increase from Four Corners Property Trust’s previous quarterly dividend of $0.36. This represents a $1.47 annualized dividend and a yield of 5.9%. Four Corners Property Trust’s dividend payout ratio is currently 134.86%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on FCPT shares. Wells Fargo & Company decreased their target price on shares of Four Corners Property Trust from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 25th. Wall Street Zen upgraded shares of Four Corners Property Trust from a “sell” rating to a “hold” rating in a research report on Sunday, October 19th. Barclays lowered their target price on shares of Four Corners Property Trust from $29.00 to $28.00 and set an “equal weight” rating for the company in a research note on Monday, October 20th. Robert W. Baird set a $29.00 price target on shares of Four Corners Property Trust in a research report on Wednesday, October 29th. Finally, Citigroup reiterated a “market perform” rating on shares of Four Corners Property Trust in a report on Monday, January 5th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.00.

About Four Corners Property Trust

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.