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

SG Americas Securities LLC decreased its holdings in Four Corners Property Trust, Inc. (NYSE:FCPTGet Rating) by 15.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,719 shares of the financial services provider’s stock after selling 3,498 shares during the quarter. SG Americas Securities LLC’s holdings in Four Corners Property Trust were worth $506,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pinebridge Investments L.P. purchased a new position in Four Corners Property Trust during the fourth quarter valued at approximately $41,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Four Corners Property Trust by 211.7% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,780 shares of the financial services provider’s stock worth $52,000 after buying an additional 1,209 shares in the last quarter. UMB Bank N A MO purchased a new position in shares of Four Corners Property Trust in the fourth quarter worth $75,000. Point72 Hong Kong Ltd purchased a new position in shares of Four Corners Property Trust in the fourth quarter worth $113,000. Finally, Schroder Investment Management Group lifted its holdings in shares of Four Corners Property Trust by 30.7% in the fourth quarter. Schroder Investment Management Group now owns 5,992 shares of the financial services provider’s stock worth $176,000 after buying an additional 1,409 shares in the last quarter. Hedge funds and other institutional investors own 92.46% of the company’s stock.

Four Corners Property Trust Trading Up 1.0 %

FCPT stock opened at $28.45 on Friday. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt-to-equity ratio of 0.97. Four Corners Property Trust, Inc. has a twelve month low of $24.24 and a twelve month high of $30.13. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 23.51 and a beta of 0.86. The firm’s fifty day simple moving average is $27.29 and its two-hundred day simple moving average is $27.10.

Four Corners Property Trust (NYSE:FCPTGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.12). Four Corners Property Trust had a net margin of 44.68% and a return on equity of 10.01%. During the same quarter in the prior year, the firm posted $0.38 EPS. As a group, analysts anticipate that Four Corners Property Trust, Inc. will post 1.59 earnings per share for the current year.

Four Corners Property Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were given a dividend of $0.3325 per share. This represents a $1.33 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date of this dividend was Wednesday, June 29th. Four Corners Property Trust’s dividend payout ratio (DPR) is 109.92%.

Wall Street Analysts Forecast Growth

FCPT has been the topic of several research reports. Credit Suisse Group initiated coverage on shares of Four Corners Property Trust in a research report on Wednesday, June 22nd. They issued a “neutral” rating and a $26.00 price target on the stock. Janney Montgomery Scott cut shares of Four Corners Property Trust from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research report on Monday. Raymond James boosted their price target on shares of Four Corners Property Trust from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Friday, July 8th. Finally, Berenberg Bank cut shares of Four Corners Property Trust from a “buy” rating to a “hold” rating and reduced their price target for the stock from $31.00 to $30.00 in a research report on Tuesday. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $29.75.

About Four Corners Property Trust

(Get Rating)

FCPT, headquartered in Mill Valley, CA, 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 retail industries.

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

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