Hudson Bay Capital Management LP Boosts Stock Holdings in Four Corners Property Trust, Inc. $FCPT

Hudson Bay Capital Management LP lifted its position in Four Corners Property Trust, Inc. (NYSE:FCPT) by 42.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,443,164 shares of the financial services provider’s stock after acquiring an additional 433,108 shares during the quarter. Hudson Bay Capital Management LP owned approximately 1.38% of Four Corners Property Trust worth $38,836,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Trust Co. of Toledo NA OH purchased a new position in Four Corners Property Trust during the second quarter worth about $27,000. Elevation Point Wealth Partners LLC bought a new position in shares of Four Corners Property Trust during the 2nd quarter worth approximately $37,000. Brooklyn Investment Group boosted its stake in shares of Four Corners Property Trust by 1,389.5% in the 1st quarter. Brooklyn Investment Group now owns 1,698 shares of the financial services provider’s stock worth $49,000 after buying an additional 1,584 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Four Corners Property Trust in the 1st quarter worth approximately $77,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Four Corners Property Trust by 106.3% in the first quarter. Smartleaf Asset Management LLC now owns 2,845 shares of the financial services provider’s stock valued at $81,000 after acquiring an additional 1,466 shares in the last quarter. 98.66% of the stock is owned by institutional investors.

Insider Activity at Four Corners Property Trust

In related news, CAO Niccole Stewart sold 3,950 shares of Four Corners Property Trust stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $25.30, for a total value of $99,935.00. Following the completion of the transaction, the chief accounting officer directly owned 27,502 shares in the company, valued at approximately $695,800.60. The trade was a 12.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas B. Hansen bought 1,984 shares of the stock in a transaction on Friday, October 31st. The shares were acquired at an average cost of $23.64 per share, for a total transaction of $46,901.76. Following the acquisition, the director directly owned 78,247 shares in the company, valued at approximately $1,849,759.08. This trade represents a 2.60% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.20% of the stock is currently owned by company insiders.

Four Corners Property Trust Stock Up 0.1%

FCPT stock opened at $23.04 on Friday. The stock has a fifty day moving average of $23.91 and a 200-day moving average of $25.40. Four Corners Property Trust, Inc. has a fifty-two week low of $22.80 and a fifty-two week high of $29.81. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 21.14 and a beta of 0.86. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.12 and a current ratio of 0.12.

Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings data on Tuesday, October 28th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The business had revenue of $74.15 million for the quarter, compared to analysts’ expectations of $71.86 million. Four Corners Property Trust had a return on equity of 7.39% and a net margin of 38.04%.The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. As a group, equities research analysts predict that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current year.

Four Corners Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.3665 per share. This represents a $1.47 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Wednesday, December 31st. This is an increase from Four Corners Property Trust’s previous quarterly dividend of $0.36. Four Corners Property Trust’s dividend payout ratio is currently 130.28%.

Analysts Set New Price Targets

FCPT has been the topic of a number of recent analyst reports. Barclays dropped their price target on Four Corners Property Trust from $29.00 to $28.00 and set an “equal weight” rating on the stock in a report on Monday, October 20th. Wells Fargo & Company decreased their target price on Four Corners Property Trust from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 25th. Robert W. Baird set a $29.00 target price on Four Corners Property Trust in a research note on Wednesday, October 29th. Wall Street Zen upgraded shares of Four Corners Property Trust from a “sell” rating to a “hold” rating in a research report on Sunday, October 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Four Corners Property Trust in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $28.40.

Four Corners Property Trust Company Profile

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.