Stifel Financial Corp Purchases 3,175 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

Stifel Financial Corp boosted its position in Four Corners Property Trust, Inc. (NYSE:FCPT) by 15.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 23,370 shares of the financial services provider’s stock after purchasing an additional 3,175 shares during the period. Stifel Financial Corp’s holdings in Four Corners Property Trust were worth $685,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in Four Corners Property Trust during the third quarter worth approximately $51,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Four Corners Property Trust by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,570 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 921 shares during the period. GAMMA Investing LLC lifted its holdings in Four Corners Property Trust by 24.0% during the 3rd quarter. GAMMA Investing LLC now owns 4,205 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 814 shares during the last quarter. Cape ANN Savings Bank bought a new stake in Four Corners Property Trust in the 3rd quarter valued at $200,000. Finally, ZWJ Investment Counsel Inc. acquired a new position in Four Corners Property Trust in the 3rd quarter valued at $208,000. Institutional investors own 98.66% of the company’s stock.

Four Corners Property Trust Trading Up 1.8 %

Shares of Four Corners Property Trust stock opened at $27.65 on Thursday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.38. Four Corners Property Trust, Inc. has a 12-month low of $22.38 and a 12-month high of $30.93. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 25.84 and a beta of 1.12. The firm’s 50-day moving average price is $28.55 and its two-hundred day moving average price is $27.69.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.14). Four Corners Property Trust had a return on equity of 7.68% and a net margin of 37.27%. The firm had revenue of $66.79 million for the quarter, compared to analyst estimates of $63.50 million. During the same quarter in the prior year, the business posted $0.42 EPS. The business’s revenue was up 3.0% on a year-over-year basis. On average, analysts forecast that Four Corners Property Trust, Inc. will post 1.66 earnings per share for the current fiscal year.

Four Corners Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.355 dividend. This is a positive change from Four Corners Property Trust’s previous quarterly dividend of $0.35. The ex-dividend date is Tuesday, December 31st. This represents a $1.42 annualized dividend and a dividend yield of 5.14%. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 132.71%.

Analyst Ratings Changes

FCPT has been the subject of a number of research reports. UBS Group began coverage on Four Corners Property Trust in a report on Thursday, November 14th. They set a “buy” rating and a $33.00 target price for the company. JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a research note on Tuesday, December 10th. Wells Fargo & Company restated an “overweight” rating and set a $32.00 target price (up previously from $28.00) on shares of Four Corners Property Trust in a research report on Tuesday, October 1st. Barclays began coverage on shares of Four Corners Property Trust in a research report on Tuesday, December 17th. They issued an “equal weight” rating and a $31.00 price target for the company. Finally, Evercore ISI increased their price target on Four Corners Property Trust from $26.00 to $28.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Four Corners Property Trust currently has an average rating of “Moderate Buy” and a consensus price target of $30.60.

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.