Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC reduced its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,066 shares of the financial services provider’s stock after selling 483 shares during the quarter. Guggenheim Capital LLC’s holdings in Four Corners Property Trust were worth $707,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FCPT. Stifel Financial Corp boosted its position in shares of Four Corners Property Trust by 15.7% during the third quarter. Stifel Financial Corp now owns 23,370 shares of the financial services provider’s stock worth $685,000 after buying an additional 3,175 shares during the period. Barclays PLC raised its stake in Four Corners Property Trust by 109.5% during the 3rd quarter. Barclays PLC now owns 156,021 shares of the financial services provider’s stock valued at $4,572,000 after acquiring an additional 81,565 shares in the last quarter. Principal Financial Group Inc. boosted its position in Four Corners Property Trust by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,774,103 shares of the financial services provider’s stock worth $51,996,000 after acquiring an additional 102,662 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Four Corners Property Trust by 13.5% in the third quarter. JPMorgan Chase & Co. now owns 392,448 shares of the financial services provider’s stock worth $11,503,000 after purchasing an additional 46,732 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Four Corners Property Trust by 24.3% during the fourth quarter. GAMMA Investing LLC now owns 5,226 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 1,021 shares during the period. 98.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Barclays lowered their target price on shares of Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. JMP Securities reissued a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Finally, Wells Fargo & Company increased their price target on 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $30.20.

Four Corners Property Trust Trading Down 1.8 %

Shares of NYSE FCPT opened at $27.88 on Friday. The business has a fifty day simple moving average of $28.06 and a 200-day simple moving average of $28.11. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 26.06 and a beta of 0.93. Four Corners Property Trust, Inc. has a 12 month low of $23.25 and a 12 month high of $30.93. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.36.

Four Corners Property Trust (NYSE:FCPT) last released its earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share for the quarter, topping 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%. Sell-side analysts predict that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Four Corners Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.355 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.09%. Four Corners Property Trust’s dividend payout ratio is 132.71%.

About Four Corners Property Trust

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.