6 days Ago By Defense World Staff
Alliancebernstein L.P. reduced its holdings in Four Corners Property Trust, Inc.
( NYSE:FCPT – Free Report ) by 8.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 132,975 shares of the financial services provider’s stock after selling 12,437 shares during the period.
Alliancebernstein L.P. owned about 0.
14% of Four Corners Property Trust worth $3,609,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised 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 valued at $32,000 after acquiring an additional 817 shares in the last quarter. Smartleaf Asset Management LLC grew 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 purchasing an additional 860 shares during the period. VSM Wealth Advisory LLC purchased a new position in shares of Four Corners Property Trust during the 4th quarter valued at approximately $39,000.
Synergy Investment Management LLC acquired a new position in shares of Four Corners Property Trust in the 4th quarter valued at $48,000. Finally, Eagle Bay Advisors LLC boosted its holdings in Four Corners Property Trust by 25.0% during the fourth quarter.
Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider’s stock worth $58,000 after buying an additional 425 shares in the last quarter. Institutional investors and hedge funds own 98.66% of the company’s stock.
Analyst Upgrades and Downgrades A number of research firms have weighed in on FCPT. Wells Fargo & Company lifted their price objective on shares of Four Corners Property Trust from $30.00 to $31.
00 and gave the company an “overweight” rating in a report on Monday, March 10th. JMP Securities restated a “market perform” rating on shares of Four Corners Property Trust in a research note on Thursday, February 13th. Finally, Barclays lowered their price target on 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 issued a buy rating to the company’s stock.
Based on data from MarketBeat, Four Corners Property Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.20. Four Corners Property Trust Price Performance Shares of Four Corners Property Trust stock opened at $27.
49 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.
11 and a quick ratio of 0.11. The business has a 50 day simple moving average of $28.
02 and a two-hundred day simple moving average of $28.14. The stock has a market capitalization of $2.
75 billion, a P/E ratio of 25.69 and a beta of 0.93.
Four Corners Property Trust, Inc. has a 12 month low of $22.38 and a 12 month high of $30.
93. Four Corners Property Trust ( NYSE:FCPT – Get Free Report ) last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.
44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.16.
Four Corners Property Trust had a net margin of 37.48% and a return on equity of 7.54%.
As a group, analysts predict that Four Corners Property Trust, Inc. will post 1.68 EPS for the current fiscal year.
Four Corners Property Trust Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.355 dividend.
The ex-dividend date is Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a yield of 5.
17%. Four Corners Property Trust’s dividend payout ratio is currently 132.71%.
About Four Corners Property Trust ( Free Report ) 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.
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