7,501 Shares in Four Corners Property Trust, Inc. (NYSE:FCPT) Acquired by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV acquired a new position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 7,501 shares of the financial services provider’s stock, valued at approximately $204,000.

Other large investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of Four Corners Property Trust by 234.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 817 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Four Corners Property Trust by 165.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 860 shares in the last quarter. VSM Wealth Advisory LLC bought a new position in shares of Four Corners Property Trust during the 4th quarter worth approximately $39,000. Synergy Investment Management LLC bought a new position in shares of Four Corners Property Trust during the 4th quarter worth approximately $48,000. Finally, Quarry LP bought a new position in shares of Four Corners Property Trust during the 4th quarter worth approximately $49,000. Institutional investors own 98.66% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on FCPT shares. UBS Group reduced their price objective on shares of Four Corners Property Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, May 13th. JMP Securities reissued a “market perform” rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Wells Fargo & Company boosted their target price on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report 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 on the stock in a research report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.60.

Four Corners Property Trust Stock Up 0.9%

FCPT stock opened at $27.58 on Friday. The firm’s fifty day simple moving average is $27.78 and its 200-day simple moving average is $27.96. The company has a market capitalization of $2.77 billion, a P/E ratio of 25.78 and a beta of 0.86. 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 $23.70 and a 12 month high of $30.93.

Four Corners Property Trust (NYSE:FCPT) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. The business had revenue of $71.48 million for the quarter, compared to the consensus estimate of $67.17 million. Four Corners Property Trust had a net margin of 37.48% and a return on equity of 7.54%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. As a group, equities research analysts forecast that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current year.

Four Corners Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 5.15%. The ex-dividend date was Monday, March 31st. Four Corners Property Trust’s dividend payout ratio (DPR) is currently 132.71%.

Insider Activity

In other news, CAO Niccole Stewart sold 9,100 shares of the company’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $27.28, for a total value of $248,248.00. Following the sale, the chief accounting officer now directly owns 31,204 shares of the company’s stock, valued at $851,245.12. This represents a 22.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

About Four Corners Property Trust

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.