Sumitomo Mitsui DS Asset Management Company Ltd Sells 553 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

Sumitomo Mitsui DS Asset Management Company Ltd reduced its position in Four Corners Property Trust, Inc. (NYSE:FCPT) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,251 shares of the financial services provider’s stock after selling 553 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Four Corners Property Trust were worth $791,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Signaturefd LLC boosted its stake in shares of Four Corners Property Trust by 76.2% in the 4th quarter. Signaturefd LLC now owns 4,168 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 1,803 shares during the last quarter. Everence Capital Management Inc. bought a new stake in shares of Four Corners Property Trust in the 4th quarter valued at $212,000. Raymond James Trust N.A. bought a new position in Four Corners Property Trust during the fourth quarter worth $217,000. Wealthstar Advisors LLC bought a new position in Four Corners Property Trust during the third quarter worth $266,000. Finally, Integrated Investment Consultants LLC bought a new position in Four Corners Property Trust during the fourth quarter worth $270,000. 98.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on FCPT shares. Raymond James cut their target price on shares of Four Corners Property Trust from $29.00 to $28.00 and set an “outperform” rating on the stock in a research note on Monday, January 8th. Wells Fargo & Company increased their target price on shares of Four Corners Property Trust from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 20th.

Four Corners Property Trust Stock Down 0.5 %

Four Corners Property Trust stock opened at $23.49 on Friday. Four Corners Property Trust, Inc. has a 1-year low of $20.51 and a 1-year high of $27.60. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 21.75 and a beta of 1.00. The firm’s fifty day moving average price is $23.86 and its two-hundred day moving average price is $23.58. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.35.

Four Corners Property Trust (NYSE:FCPT) last released its quarterly earnings data on Thursday, February 15th. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.13). Four Corners Property Trust had a net margin of 38.04% and a return on equity of 7.78%. The business had revenue of $65.14 million during the quarter, compared to the consensus estimate of $65.23 million. During the same period last year, the business posted $0.41 earnings per share. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. On average, equities research analysts predict that Four Corners Property Trust, Inc. will post 1.64 earnings per share for the current fiscal year.

Four Corners Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date was Wednesday, March 27th. Four Corners Property Trust’s dividend payout ratio (DPR) is 127.78%.

Four Corners Property Trust Company Profile

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.