Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lowered its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 41.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,680 shares of the financial services provider’s stock after selling 52,056 shares during the quarter. CIBC Private Wealth Group LLC owned about 0.08% of Four Corners Property Trust worth $1,981,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. 1620 Investment Advisors Inc. increased its stake in Four Corners Property Trust by 4.1% during the 4th quarter. 1620 Investment Advisors Inc. now owns 9,138 shares of the financial services provider’s stock valued at $248,000 after purchasing an additional 363 shares in the last quarter. Arizona State Retirement System raised its stake in Four Corners Property Trust by 1.5% in the 4th quarter. Arizona State Retirement System now owns 26,893 shares of the financial services provider’s stock worth $730,000 after acquiring an additional 406 shares during the last quarter. Eagle Bay Advisors LLC lifted its position in Four Corners Property Trust by 25.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 425 shares during the period. Oppenheimer Asset Management Inc. grew its stake in Four Corners Property Trust by 1.0% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 45,170 shares of the financial services provider’s stock valued at $1,226,000 after purchasing an additional 469 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Four Corners Property Trust by 10.4% in the fourth quarter. Signaturefd LLC now owns 6,141 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 579 shares during the period. 98.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Barclays decreased their target price on 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. Wells Fargo & Company lifted their price objective on shares of 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, JMP Securities reissued a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Four Corners Property Trust presently has a consensus rating of “Moderate Buy” and an average target price of $30.20.

Four Corners Property Trust Trading Down 0.6 %

Four Corners Property Trust stock opened at $28.52 on Thursday. 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 firm has a market cap of $2.85 billion, a PE ratio of 26.65 and a beta of 1.16. The stock’s 50 day simple moving average is $28.17 and its two-hundred day simple moving average is $28.35. Four Corners Property Trust, Inc. has a 12 month low of $22.38 and a 12 month high of $30.93.

Four Corners Property Trust (NYSE:FCPT) last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate 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%. Analysts anticipate that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current year.

Four Corners Property Trust Dividend Announcement

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

Four Corners Property Trust 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.