Four Corners Property Trust Inc (FCPT) Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. decreased its holdings in shares of Four Corners Property Trust Inc (NYSE:FCPT) by 1.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,106 shares of the financial services provider’s stock after selling 358 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Four Corners Property Trust were worth $802,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Oregon Public Employees Retirement Fund purchased a new position in shares of Four Corners Property Trust during the fourth quarter valued at $26,000. Royal London Asset Management Ltd. acquired a new stake in Four Corners Property Trust during the first quarter valued at $26,000. NumerixS Investment Technologies Inc boosted its position in Four Corners Property Trust by 50.0% during the fourth quarter. NumerixS Investment Technologies Inc now owns 1,200 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 400 shares during the last quarter. Lindbrook Capital LLC acquired a new stake in Four Corners Property Trust during the fourth quarter valued at $32,000. Finally, Osborn Williams & Donohoe LLC acquired a new stake in Four Corners Property Trust during the first quarter valued at $101,000. Institutional investors and hedge funds own 92.47% of the company’s stock.

In other Four Corners Property Trust news, General Counsel James L. Brat sold 6,000 shares of the business’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $27.41, for a total value of $164,460.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Gerald R. Morgan sold 3,000 shares of the business’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $27.41, for a total value of $82,230.00. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by company insiders.

FCPT has been the subject of a number of research reports. Berenberg Bank initiated coverage on Four Corners Property Trust in a research report on Tuesday, April 23rd. They set a “hold” rating and a $36.00 price objective for the company. Boenning Scattergood set a $30.00 price objective on Four Corners Property Trust and gave the company a “buy” rating in a research report on Friday, February 15th. Finally, Zacks Investment Research cut Four Corners Property Trust from a “hold” rating to a “strong sell” rating in a research report on Friday, January 4th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Four Corners Property Trust has an average rating of “Hold” and an average price target of $30.75.

FCPT opened at $28.56 on Friday. The firm has a market cap of $1.95 billion, a P/E ratio of 20.26 and a beta of 0.29. Four Corners Property Trust Inc has a 1 year low of $21.92 and a 1 year high of $29.85. The company has a quick ratio of 5.78, a current ratio of 5.78 and a debt-to-equity ratio of 0.89.

Four Corners Property Trust (NYSE:FCPT) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10). The firm had revenue of $39.60 million for the quarter, compared to analyst estimates of $39.84 million. Four Corners Property Trust had a net margin of 56.35% and a return on equity of 12.63%. Four Corners Property Trust’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 EPS. As a group, analysts predict that Four Corners Property Trust Inc will post 1.45 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a dividend of $0.2875 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.15 dividend on an annualized basis and a yield of 4.03%. Four Corners Property Trust’s payout ratio is 81.56%.

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Four Corners Property Trust Company Profile

FCPT is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and related food services industry.

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

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