Westwood Holdings Group Inc. Lowers Stock Holdings in Four Corners Property Trust, Inc. (NYSE:FCPT)

Westwood Holdings Group Inc. lowered its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,544 shares of the financial services provider’s stock after selling 627 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Four Corners Property Trust were worth $720,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FCPT. EverSource Wealth Advisors LLC boosted its position in Four Corners Property Trust by 234.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 817 shares in the last quarter. Smartleaf Asset Management LLC raised 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 valued at $38,000 after acquiring an additional 860 shares during the last quarter. VSM Wealth Advisory LLC acquired a new position in shares of Four Corners Property Trust during the fourth quarter valued at approximately $39,000. Synergy Investment Management LLC acquired a new position in shares of Four Corners Property Trust during the fourth quarter valued at approximately $48,000. Finally, Quarry LP acquired a new position in shares of Four Corners Property Trust during the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 98.66% of the company’s stock.

Four Corners Property Trust Stock Performance

Shares of Four Corners Property Trust stock opened at $27.53 on Wednesday. Four Corners Property Trust, Inc. has a one year low of $23.70 and a one year high of $30.93. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 25.73 and a beta of 0.86. 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 business’s 50 day moving average price is $27.78 and its 200 day moving average price is $27.96.

Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Four Corners Property Trust had a return on equity of 7.54% and a net margin of 37.48%. The firm had revenue of $71.48 million for the quarter, compared to the consensus estimate of $67.17 million. During the same quarter last year, the business posted $0.43 earnings per share. The firm’s revenue was up 7.5% compared to the same quarter last year. On average, research 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 disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given 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 5.16%. Four Corners Property Trust’s payout ratio is 132.71%.

Wall Street Analyst Weigh In

A number of brokerages have commented on FCPT. Barclays reduced their target price on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Wells Fargo & Company increased their target price on Four Corners Property Trust from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, March 10th. UBS Group reduced their target price on Four Corners Property Trust from $33.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, May 13th. Finally, JMP Securities reissued a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Three research 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.60.

Insider Buying and Selling

In other Four Corners Property Trust news, CAO Niccole Stewart sold 9,100 shares of the firm’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $27.28, for a total transaction of $248,248.00. Following the completion of the sale, the chief accounting officer now owns 31,204 shares of the company’s stock, valued at $851,245.12. This trade represents a 22.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is currently owned by company insiders.

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.