Raymond James Trust N.A. Purchases Shares of 6,940 Four Corners Property Trust Inc (FCPT)

Raymond James Trust N.A. purchased a new position in shares of Four Corners Property Trust Inc (NYSE:FCPT) during the 1st quarter, Holdings Channel reports. The firm purchased 6,940 shares of the financial services provider’s stock, valued at approximately $206,000.

Several other large investors have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund acquired a new position in shares of Four Corners Property Trust in the fourth quarter worth approximately $26,000. NumerixS Investment Technologies Inc lifted its stake in shares of Four Corners Property Trust by 50.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 1,200 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 400 shares during the period. Lindbrook Capital LLC acquired a new position in shares of Four Corners Property Trust in the fourth quarter worth approximately $32,000. Magnus Financial Group LLC acquired a new position in shares of Four Corners Property Trust in the fourth quarter worth approximately $247,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Four Corners Property Trust in the fourth quarter worth approximately $262,000. Institutional investors own 92.85% of the company’s stock.

Shares of FCPT opened at $28.31 on Wednesday. Four Corners Property Trust Inc has a 52-week low of $21.92 and a 52-week high of $29.85. The company has a current ratio of 6.24, a quick ratio of 6.24 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 20.08 and a beta of 0.34.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). Four Corners Property Trust had a net margin of 57.37% and a return on equity of 13.25%. The business had revenue of $39.60 million during the quarter, compared to analyst estimates of $39.84 million. During the same period last year, the firm posted $0.34 earnings per share. Four Corners Property Trust’s quarterly revenue was up 13.8% compared to the same quarter last year. Equities analysts predict that Four Corners Property Trust Inc will post 1.48 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend was Thursday, March 28th. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 81.56%.

In other Four Corners Property Trust news, General Counsel James L. Brat sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $27.41, for a total value of $164,460.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Gerald R. Morgan sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $27.41, for a total value of $82,230.00. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by insiders.

A number of equities analysts recently commented on FCPT shares. ValuEngine raised Four Corners Property Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. Zacks Investment Research lowered Four Corners Property Trust from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. Berenberg Bank started coverage on Four Corners Property Trust in a research note on Tuesday. They issued a “hold” rating and a $36.00 price objective on the stock. Finally, Boenning Scattergood set a $30.00 price objective on Four Corners Property Trust and gave the stock a “buy” rating in a research note on Friday, February 15th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Four Corners Property Trust currently has an average rating of “Hold” and a consensus target price of $30.75.

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Four Corners Property Trust Company Profile

FCPT is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant 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 related food services industry.

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Institutional Ownership by Quarter for Four Corners Property Trust (NYSE:FCPT)

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