1 week Ago By Defense World Staff
Sei Investments Co. acquired a new position in Four Corners Property Trust, Inc. (NYSE:FCPT – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The fund acquired 8,424 shares of the financial services provider’s stock, valued at approximately $229,000. A number of other hedge funds also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its position in shares of Four Corners Property Trust by 234.
1% in 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 grew its stake in Four Corners Property Trust by 165.
7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 860 shares during the last quarter. VSM Wealth Advisory LLC bought a new position in Four Corners Property Trust in the fourth quarter worth about $39,000.
Synergy Investment Management LLC purchased a new stake in shares of Four Corners Property Trust during the fourth quarter valued at about $48,000. Finally, Eagle Bay Advisors LLC lifted its position in shares of 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 valued at $58,000 after buying an additional 425 shares during the last quarter. Hedge funds and other institutional investors own 98.66% of the company’s stock.
Four Corners Property Trust Stock PerformanceFCPT opened at $27.05 on Friday. The firm’s 50-day moving average price is $28.
03 and its 200-day moving average price is $28.16. The company has a market cap of $2.
70 billion, a P/E ratio of 25.28 and a beta of 0.93.
The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.
36. Four Corners Property Trust, Inc. has a 52-week low of $22.
38 and a 52-week high of $30.93. Four Corners Property Trust (NYSE:FCPT – Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th.
The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating 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, equities analysts anticipate that Four Corners Property Trust, Inc. will post 1.
68 EPS for the current fiscal year. Four Corners Property Trust Dividend AnnouncementThe company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid 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 5.25%. Four Corners Property Trust’s dividend payout ratio (DPR) is 132.
71%. Wall Street Analyst Weigh InSeveral research analysts recently commented on FCPT shares. Wells Fargo & Company boosted their price objective on shares of Four Corners Property Trust from $30.
00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. Barclays cut their price target on shares of Four Corners Property Trust from $31.
00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Finally, JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th.
Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.20.
Check Out Our Latest Stock Analysis on FCPTFour Corners Property Trust Company Profile (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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