Jump Financial LLC Lowers Stock Holdings in Four Corners Property Trust, Inc. (NYSE:FCPT)

Jump Financial LLC cut its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 51.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,658 shares of the financial services provider’s stock after selling 13,511 shares during the quarter. Jump Financial LLC’s holdings in Four Corners Property Trust were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. 1620 Investment Advisors Inc. lifted its holdings in shares of 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 worth $248,000 after acquiring an additional 363 shares during the period. Arizona State Retirement System raised its stake in Four Corners Property Trust by 1.5% during the fourth quarter. Arizona State Retirement System now owns 26,893 shares of the financial services provider’s stock worth $730,000 after purchasing an additional 406 shares during the period. Eagle Bay Advisors LLC raised its stake in Four Corners Property Trust by 25.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 425 shares during the period. Mariner LLC boosted its holdings in shares of Four Corners Property Trust by 2.8% in the 4th quarter. Mariner LLC now owns 17,098 shares of the financial services provider’s stock valued at $464,000 after purchasing an additional 467 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of 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 buying an additional 469 shares during the period. 98.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FCPT. JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Wells Fargo & Company lifted their price objective 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. Finally, 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 report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Four Corners Property Trust presently has an average rating of “Moderate Buy” and an average price target of $30.20.

Four Corners Property Trust Trading Down 0.5 %

Shares of FCPT opened at $27.72 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11. Four Corners Property Trust, Inc. has a 12 month low of $23.25 and a 12 month high of $30.93. The stock has a market cap of $2.77 billion, a PE ratio of 25.91 and a beta of 0.93. The stock’s 50-day moving average is $28.06 and its two-hundred day moving average is $28.10.

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

Four Corners Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.355 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.42 annualized dividend and a dividend yield of 5.12%. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 132.71%.

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.