Integrity Alliance LLC. Makes New $664,000 Investment in Four Corners Property Trust, Inc. $FCPT

Integrity Alliance LLC. bought a new stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 28,781 shares of the financial services provider’s stock, valued at approximately $664,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parallel Advisors LLC increased its stake in shares of Four Corners Property Trust by 80.1% during the third quarter. Parallel Advisors LLC now owns 1,041 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 463 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Four Corners Property Trust by 829.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,115 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 995 shares in the last quarter. First Horizon Corp increased its stake in shares of Four Corners Property Trust by 147.4% during the fourth quarter. First Horizon Corp now owns 1,190 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 709 shares in the last quarter. Aster Capital Management DIFC Ltd increased its stake in shares of Four Corners Property Trust by 1,632.6% during the third quarter. Aster Capital Management DIFC Ltd now owns 1,646 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 1,551 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in shares of Four Corners Property Trust by 136.8% during the third quarter. CIBC Private Wealth Group LLC now owns 2,718 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 1,570 shares in the last quarter. Institutional investors own 98.66% of the company’s stock.

Analyst Ratings Changes

FCPT has been the subject of a number of analyst reports. BMO Capital Markets initiated coverage on shares of Four Corners Property Trust in a research note on Friday, April 17th. They set a “market perform” rating and a $27.00 target price for the company. Citizens Jmp raised shares of Four Corners Property Trust from a “market perform” rating to an “outperform” rating and set a $28.00 target price for the company in a research note on Wednesday, March 25th. Raymond James Financial decreased their target price on shares of Four Corners Property Trust from $29.00 to $28.00 and set an “outperform” rating for the company in a research note on Tuesday, March 17th. 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, May 20th. 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 note on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Four Corners Property Trust currently has an average rating of “Hold” and a consensus target price of $28.00.

Four Corners Property Trust Stock Performance

FCPT stock opened at $24.96 on Friday. The stock’s 50 day simple moving average is $24.77 and its 200 day simple moving average is $24.48. 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, Inc. has a 12-month low of $22.78 and a 12-month high of $28.11. The stock has a market capitalization of $2.74 billion, a PE ratio of 22.29 and a beta of 0.83.

Four Corners Property Trust (NYSE:FCPT) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $0.28 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $73.34 million. During the same quarter in the prior year, the business posted $0.44 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, research analysts forecast 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 declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.3665 per share. This represents a $1.47 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Tuesday, March 31st. Four Corners Property Trust’s dividend payout ratio is presently 130.36%.

Insider Activity

In other Four Corners Property Trust news, CEO William H. Lenehan purchased 7,865 shares of the stock in a transaction dated Friday, March 6th. The shares were purchased at an average cost of $25.49 per share, with a total value of $200,478.85. Following the completion of the acquisition, the chief executive officer directly owned 765,845 shares in the company, valued at $19,521,389.05. This trade represents a 1.04% increase in their position. 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 insiders.

Four Corners Property Trust Company 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.