B&I Capital AG Has $6.56 Million Position in Four Corners Property Trust, Inc. $FCPT

B&I Capital AG raised its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 20.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 268,787 shares of the financial services provider’s stock after purchasing an additional 45,687 shares during the quarter. Four Corners Property Trust accounts for approximately 2.3% of B&I Capital AG’s portfolio, making the stock its 21st largest position. B&I Capital AG’s holdings in Four Corners Property Trust were worth $6,558,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Keybank National Association OH grew its holdings in shares of Four Corners Property Trust by 21.7% during the third quarter. Keybank National Association OH now owns 18,980 shares of the financial services provider’s stock valued at $463,000 after buying an additional 3,378 shares during the last quarter. AlphaQuest LLC raised its holdings in shares of Four Corners Property Trust by 50.1% in the 3rd quarter. AlphaQuest LLC now owns 35,879 shares of the financial services provider’s stock worth $875,000 after acquiring an additional 11,983 shares during the last quarter. Arizona State Retirement System lifted its position in Four Corners Property Trust by 1.9% in the 3rd quarter. Arizona State Retirement System now owns 29,730 shares of the financial services provider’s stock valued at $725,000 after acquiring an additional 554 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Four Corners Property Trust by 9.1% during the 3rd quarter. New York State Common Retirement Fund now owns 45,743 shares of the financial services provider’s stock valued at $1,116,000 after purchasing an additional 3,800 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. boosted its stake in Four Corners Property Trust by 14.7% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 46,121 shares of the financial services provider’s stock valued at $1,124,000 after purchasing an additional 5,916 shares during the last quarter. 98.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Robert W. Baird set a $29.00 price objective on Four Corners Property Trust in a research note on Wednesday, October 29th. Evercore ISI lowered their price target on Four Corners Property Trust from $29.00 to $26.00 and set an “in-line” rating for the company in a research report on Monday, December 15th. Wells Fargo & Company dropped their price objective on Four Corners Property Trust from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 25th. Barclays reduced their target price on shares of Four Corners Property Trust from $29.00 to $28.00 and set an “equal weight” rating for the company in a research note on Monday, October 20th. Finally, Wall Street Zen raised shares of Four Corners Property Trust from a “sell” rating to a “hold” rating in a research report on Sunday, October 19th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $28.00.

Four Corners Property Trust Stock Performance

Shares of Four Corners Property Trust stock opened at $24.65 on Friday. The business’s fifty day simple moving average is $23.75 and its 200 day simple moving average is $24.58. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.39. Four Corners Property Trust, Inc. has a 12 month low of $22.78 and a 12 month high of $29.81. The firm has a market capitalization of $2.61 billion, a P/E ratio of 22.61 and a beta of 0.85.

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

Four Corners Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a dividend of $0.3665 per share. This represents a $1.47 dividend on an annualized basis and a yield of 5.9%. This is a boost from Four Corners Property Trust’s previous quarterly dividend of $0.36. The ex-dividend date was Wednesday, December 31st. Four Corners Property Trust’s dividend payout ratio is 134.86%.

Four Corners Property Trust Profile

Four Corners Property Trust is a publicly traded real estate investment trust focused on acquiring and managing single-tenant commercial properties subject to long-term, triple-net leases. The company targets industrial, manufacturing, distribution, office and retail facilities leased to creditworthy tenants. By concentrating on net-lease structures, Four Corners seeks to generate stable, predictable income streams and mitigate operating cost variability.

The firm’s core activities include sourcing off-market and broker-sourced acquisition opportunities, conducting rigorous credit and property due diligence, and structuring lease agreements that shift property taxes, insurance and maintenance expenses to tenants.