AlphaQuest LLC Trims Holdings in Four Corners Property Trust, Inc. (NYSE:FCPT)

AlphaQuest LLC trimmed its position in Four Corners Property Trust, Inc. (NYSE:FCPT) by 52.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,887 shares of the financial services provider’s stock after selling 30,812 shares during the period. AlphaQuest LLC’s holdings in Four Corners Property Trust were worth $757,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FCPT. Smartleaf Asset Management LLC lifted its holdings in Four Corners Property Trust by 165.7% in the 4th 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 in the last quarter. Synergy Investment Management LLC purchased a new position in shares of Four Corners Property Trust during the 4th quarter worth about $48,000. Truvestments Capital LLC purchased a new position in shares of Four Corners Property Trust during the 3rd quarter worth about $51,000. Eagle Bay Advisors LLC lifted its holdings in shares of Four Corners Property Trust by 25.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 425 shares during the period. Finally, KBC Group NV lifted its holdings in shares of Four Corners Property Trust by 50.4% during the 4th quarter. KBC Group NV now owns 3,702 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 1,240 shares during the period. 98.66% of the stock is currently owned by hedge funds and other institutional investors.

Four Corners Property Trust Stock Down 2.9 %

Shares of NYSE:FCPT opened at $28.14 on Wednesday. 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. The company has a 50 day moving average of $27.79 and a two-hundred day moving average of $28.40. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 26.30 and a beta of 1.16.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate 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 forecast that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Four Corners Property Trust Announces Dividend

The company also recently disclosed 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. This represents a $1.42 annualized dividend and a yield of 5.05%. The ex-dividend date of this dividend is Monday, March 31st. Four Corners Property Trust’s dividend payout ratio (DPR) is 132.71%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Barclays cut their price objective 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. Wells Fargo & Company raised their price target 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. JMP Securities restated a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Finally, UBS Group started coverage on shares of Four Corners Property Trust in a report on Thursday, November 14th. They issued a “buy” rating and a $33.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.20.

About Four Corners Property Trust

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.