Four Corners Property Trust, Inc. (NYSE:FCPT) Holdings Cut by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in Four Corners Property Trust, Inc. (NYSE:FCPT) by 19.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,164 shares of the financial services provider’s stock after selling 1,274 shares during the quarter. SG Americas Securities LLC’s holdings in Four Corners Property Trust were worth $151,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in FCPT. Vanguard Group Inc. increased its stake in shares of Four Corners Property Trust by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 10,518,844 shares of the financial services provider’s stock valued at $266,127,000 after purchasing an additional 294,240 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Four Corners Property Trust by 31.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,626 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 2,551 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Four Corners Property Trust by 11.9% in the first quarter. BNP Paribas Financial Markets now owns 45,236 shares of the financial services provider’s stock valued at $1,107,000 after purchasing an additional 4,826 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Four Corners Property Trust by 6.9% during the first quarter. Daiwa Securities Group Inc. now owns 29,422 shares of the financial services provider’s stock valued at $720,000 after acquiring an additional 1,898 shares during the period. Finally, Jennison Associates LLC increased its stake in shares of Four Corners Property Trust by 4.9% during the first quarter. Jennison Associates LLC now owns 29,982 shares of the financial services provider’s stock valued at $734,000 after acquiring an additional 1,408 shares during the period. Institutional investors and hedge funds own 98.66% of the company’s stock.

Four Corners Property Trust Trading Down 0.8 %

Shares of NYSE:FCPT opened at $29.08 on Friday. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 27.18 and a beta of 1.10. Four Corners Property Trust, Inc. has a 1-year low of $20.51 and a 1-year high of $30.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.13 and a current ratio of 0.13. The company has a 50 day moving average price of $28.92 and a 200 day moving average price of $26.32.

Four Corners Property Trust (NYSE:FCPT) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.14). The business had revenue of $66.48 million for the quarter, compared to the consensus estimate of $63.70 million. Four Corners Property Trust had a return on equity of 7.72% and a net margin of 37.01%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.42 earnings per share. On average, research analysts anticipate that Four Corners Property Trust, Inc. will post 1.66 EPS for the current fiscal year.

Four Corners Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend was Monday, September 30th. Four Corners Property Trust’s dividend payout ratio is 128.97%.

Analyst Ratings Changes

A number of research analysts recently commented on FCPT shares. JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a research note on Wednesday, August 28th. Evercore ISI raised their price objective on shares of Four Corners Property Trust from $26.00 to $28.00 and gave the company an “in-line” rating in a research note on Wednesday, August 28th. Wells Fargo & Company reiterated an “overweight” rating and set a $32.00 price objective (up previously from $28.00) on shares of Four Corners Property Trust in a research note on Tuesday, October 1st. Finally, Raymond James raised their price objective on shares of Four Corners Property Trust from $27.00 to $29.00 and gave the company an “outperform” rating in a research note on Wednesday, August 21st.

About Four Corners Property Trust

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.