EverSource Wealth Advisors LLC Acquires 817 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

EverSource Wealth Advisors LLC increased its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 234.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,166 shares of the financial services provider’s stock after buying an additional 817 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Four Corners Property Trust were worth $32,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC lifted its holdings in shares of Four Corners Property Trust by 165.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 860 shares during the last quarter. Synergy Investment Management LLC bought a new position in Four Corners Property Trust in the 4th quarter valued at approximately $48,000. Truvestments Capital LLC acquired a new stake in Four Corners Property Trust in the third quarter valued at approximately $51,000. Eagle Bay Advisors LLC grew its stake in shares of Four Corners Property Trust by 25.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider’s stock worth $58,000 after buying an additional 425 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Four Corners Property Trust by 50.4% during the fourth quarter. KBC Group NV now owns 3,702 shares of the financial services provider’s stock worth $100,000 after buying an additional 1,240 shares in the last quarter. 98.66% of the stock is currently owned by institutional investors.

Four Corners Property Trust Trading Up 1.4 %

Shares of FCPT stock opened at $28.49 on Friday. The stock has a 50-day moving average of $27.95 and a 200-day moving average of $28.40. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 26.63 and a beta of 1.16. Four Corners Property Trust, Inc. has a 1-year low of $22.38 and a 1-year high of $30.93.

Four Corners Property Trust (NYSE:FCPT) last released its earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.16. Four Corners Property Trust had a net margin of 37.48% and a return on equity of 7.54%. On average, equities research analysts forecast that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current year.

Four Corners Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Monday, March 31st. Four Corners Property Trust’s dividend payout ratio is presently 132.71%.

Analyst Ratings Changes

A number of brokerages recently weighed in on FCPT. JMP Securities restated a “market perform” rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Wells Fargo & Company upped 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. Finally, Barclays dropped their price objective on shares of Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.20.

Four Corners Property Trust Company Profile

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.