Integrity Alliance LLC. purchased a new stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 28,781 shares of the financial services provider’s stock, valued at approximately $664,000.
Other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC boosted its position in Four Corners Property Trust by 80.1% during the third quarter. Parallel Advisors LLC now owns 1,041 shares of the financial services provider’s stock valued at $25,000 after buying an additional 463 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Four Corners Property Trust by 829.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,115 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 995 shares during the period. First Horizon Corp boosted its holdings in shares of Four Corners Property Trust by 147.4% during the fourth quarter. First Horizon Corp now owns 1,190 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 709 shares during the period. Aster Capital Management DIFC Ltd boosted its holdings in shares of Four Corners Property Trust by 1,632.6% during the third quarter. Aster Capital Management DIFC Ltd now owns 1,646 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 1,551 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Four Corners Property Trust by 136.8% during the third quarter. CIBC Private Wealth Group LLC now owns 2,718 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 1,570 shares during the period. 98.66% of the stock is currently owned by hedge funds and other institutional investors.
Four Corners Property Trust Stock Performance
Shares of FCPT opened at $24.96 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.15 and a quick ratio of 0.15. Four Corners Property Trust, Inc. has a one year low of $22.78 and a one year high of $28.11. The company has a 50-day simple moving average of $24.77 and a two-hundred day simple moving average of $24.48. The firm has a market capitalization of $2.74 billion, a PE ratio of 22.29 and a beta of 0.83.
Four Corners Property Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.3665 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $1.47 annualized dividend and a yield of 5.9%. Four Corners Property Trust’s dividend payout ratio (DPR) is 130.36%.
Insider Buying and Selling
In related news, CEO William H. Lenehan acquired 3,961 shares of the stock in a transaction on Tuesday, May 5th. The stock was acquired at an average cost of $25.23 per share, for a total transaction of $99,936.03. Following the completion of the acquisition, the chief executive officer directly owned 775,696 shares of the company’s stock, valued at approximately $19,570,810.08. This represents a 0.51% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of research firms have recently weighed in on FCPT. Barclays increased their target price on shares of Four Corners Property Trust from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 21st. Raymond James Financial dropped their target price on shares of Four Corners Property Trust from $29.00 to $28.00 and set an “outperform” rating for the company in a report on Tuesday, March 17th. BMO Capital Markets began coverage on shares of Four Corners Property Trust in a report on Friday, April 17th. They set a “market perform” rating and a $27.00 target price for the company. Citizens Jmp upgraded shares of Four Corners Property Trust from a “market perform” rating to an “outperform” rating and set a $28.00 target price for the company in a report on Wednesday, March 25th. Finally, Weiss Ratings upgraded shares of Four Corners Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $28.00.
Read Our Latest Report on Four Corners Property Trust
Four Corners Property Trust Company Profile
Four Corners Property Trust is a publicly traded real estate investment trust focused on acquiring and managing single-tenant commercial properties subject to long-term, triple-net leases. The company targets industrial, manufacturing, distribution, office and retail facilities leased to creditworthy tenants. By concentrating on net-lease structures, Four Corners seeks to generate stable, predictable income streams and mitigate operating cost variability.
The firm’s core activities include sourcing off-market and broker-sourced acquisition opportunities, conducting rigorous credit and property due diligence, and structuring lease agreements that shift property taxes, insurance and maintenance expenses to tenants.
Read More
- Five stocks we like better than Four Corners Property Trust
- Shares Fall, Targets Rise—Markets and Analysts Diverge on Synopsys
- Salesforce Stock Finds Support as AI Momentum Builds
- Dollar Tree Keeps Winning After Family Dollar Divorce
- Apple’s Agentic AI Plans Could Be Its Biggest Growth Story Yet
Want to see what other hedge funds are holding FCPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Four Corners Property Trust, Inc. (NYSE:FCPT – Free Report).
Receive News & Ratings for Four Corners Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Four Corners Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.
