1,429 Shares in Four Corners Property Trust, Inc. (NYSE:FCPT) Purchased by VSM Wealth Advisory LLC

VSM Wealth Advisory LLC purchased a new stake in Four Corners Property Trust, Inc. (NYSE:FCPT) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,429 shares of the financial services provider’s stock, valued at approximately $39,000.

Several other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in Four Corners Property Trust by 234.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 817 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Four Corners Property Trust by 165.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 860 shares during the last quarter. Synergy Investment Management LLC acquired a new stake in shares of Four Corners Property Trust in the fourth quarter valued at $48,000. Truvestments Capital LLC bought a new position in shares of Four Corners Property Trust in the third quarter valued at about $51,000. Finally, 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 buying an additional 425 shares in the last quarter. 98.66% of the stock is owned by institutional investors.

Four Corners Property Trust Trading Up 0.1 %

Shares of NYSE FCPT opened at $28.09 on Thursday. Four Corners Property Trust, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $30.93. The firm has a market capitalization of $2.81 billion, a P/E ratio of 26.25 and a beta of 1.16. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11. The company’s 50 day simple moving average is $27.92 and its 200 day simple moving average is $28.40.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly 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 return on equity of 7.54% and a net margin of 37.48%. On average, analysts predict that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Four Corners Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date of this dividend is Monday, March 31st. Four Corners Property Trust’s dividend payout ratio (DPR) is currently 132.71%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Barclays dropped their target price on shares of Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Wells Fargo & Company boosted their price objective on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. Finally, JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Four Corners Property Trust currently 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.