Swiss National Bank Acquires 6,100 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

Posted by on May 19th, 2023

Swiss National Bank raised its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT – Get Rating) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 196,707 shares of the financial services provider’s stock after purchasing an additional 6,100 shares during the quarter. Swiss National Bank owned 0.23% of Four Corners Property Trust worth $5,101,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Macquarie Group Ltd. increased its stake in Four Corners Property Trust by 2.7% in the 3rd quarter. Macquarie Group Ltd. now owns 1,564,240 shares of the financial services provider’s stock worth $37,866,000 after buying an additional 40,647 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Four Corners Property Trust by 2.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 39,800 shares of the financial services provider’s stock valued at $1,032,000 after acquiring an additional 900 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Four Corners Property Trust by 10.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 79,930 shares of the financial services provider’s stock worth $1,934,000 after purchasing an additional 7,290 shares during the period. Centersquare Investment Management LLC raised its position in Four Corners Property Trust by 71.3% during the 3rd quarter. Centersquare Investment Management LLC now owns 1,645,217 shares of the financial services provider’s stock valued at $39,798,000 after purchasing an additional 684,835 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. purchased a new stake in shares of Four Corners Property Trust in the 3rd quarter worth $5,813,000. 94.71% of the stock is currently owned by institutional investors.

Four Corners Property Trust Price Performance

Shares of FCPT stock opened at $25.80 on Friday. The company has a market cap of $2.25 billion, a P/E ratio of 21.68 and a beta of 0.93. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.19 and a quick ratio of 3.19. The stock’s 50-day moving average is $26.04 and its 200 day moving average is $26.87. Four Corners Property Trust, Inc. has a 1-year low of $22.67 and a 1-year high of $29.44.

Four Corners Property Trust (NYSE:FCPT – Get Rating) last issued its quarterly earnings data on Monday, May 1st. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). Four Corners Property Trust had a return on equity of 9.11% and a net margin of 43.12%. The firm had revenue of $59.95 million during the quarter, compared to analysts’ expectations of $59.03 million. During the same period in the previous year, the firm earned $0.41 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. Research analysts predict that Four Corners Property Trust, Inc. will post 1.61 earnings per share for the current fiscal year.

Four Corners Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Friday, March 31st were issued a dividend of $0.34 per share. The ex-dividend date was Thursday, March 30th. This represents a $1.36 annualized dividend and a dividend yield of 5.27%. Four Corners Property Trust’s dividend payout ratio is presently 114.29%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Four Corners Property Trust in a report on Thursday. They set a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $28.33.

Four Corners Property Trust Profile

(Get Rating)

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.

Read More

Institutional Ownership by Quarter for Four Corners Property Trust (NYSE:FCPT)

Receive News & Ratings for Four Corners Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Four Corners Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.