2 weeks Ago By Defense World Staff
Cerity Partners LLC lowered its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT – Free Report) by 16.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The firm owned 13,960 shares of the financial services provider’s stock after selling 2,695 shares during the quarter. Cerity Partners LLC’s holdings in Four Corners Property Trust were worth $386,000 at the end of the most recent reporting period. Other large investors have also recently bought and sold shares of the company.
SG Americas Securities LLC increased its holdings in shares of Four Corners Property Trust by 91.2% during the 4th quarter. SG Americas Securities LLC now owns 9,872 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 4,708 shares during the period.
Bank of New York Mellon Corp increased its stake in Four Corners Property Trust by 1.3% during the fourth quarter. Bank of New York Mellon Corp now owns 891,425 shares of the financial services provider’s stock valued at $24,193,000 after acquiring an additional 11,131 shares during the period.
Charles Schwab Investment Management Inc. raised its holdings in Four Corners Property Trust by 6.3% in the 4th quarter.
Charles Schwab Investment Management Inc. now owns 1,612,978 shares of the financial services provider’s stock valued at $43,776,000 after acquiring an additional 94,903 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Four Corners Property Trust in the 4th quarter worth approximately $419,000.
Finally, Yousif Capital Management LLC grew its holdings in shares of Four Corners Property Trust by 1.7% during the 4th quarter. Yousif Capital Management LLC now owns 36,611 shares of the financial services provider’s stock worth $994,000 after purchasing an additional 600 shares in the last quarter.
98.66% of the stock is currently owned by institutional investors and hedge funds. Four Corners Property Trust Stock Up 1.
2 %FCPT opened at $28.67 on Wednesday. The firm has a market cap of $2.
87 billion, a price-to-earnings ratio of 26.79 and a beta of 0.93.
The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.
11. The firm’s 50-day simple moving average is $28.05 and its 200-day simple moving average is $28.
11. Four Corners Property Trust, Inc. has a twelve month low of $23.
25 and a twelve month high of $30.93. Four Corners Property Trust (NYSE:FCPT – Get Free Report) last issued its quarterly earnings data 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%. Equities research analysts anticipate that Four Corners Property Trust, Inc. will post 1.
68 EPS for the current fiscal year. Four Corners Property Trust Dividend AnnouncementThe firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.
355 per share. The ex-dividend date was Monday, March 31st. This represents a $1.
42 dividend on an annualized basis and a yield of 4.95%. Four Corners Property Trust’s dividend payout ratio is 132.
71%. Analyst Ratings ChangesA number of equities research analysts have weighed in on FCPT shares. Wells Fargo & Company lifted their price target on shares of Four Corners Property Trust from $30.
00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. 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. Finally, JMP Securities reissued a “market perform” rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th.
Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.20.
View Our Latest Analysis on FCPTAbout Four Corners Property Trust (Free Report)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.
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