Inspire Advisors LLC Boosts Stock Position in Four Corners Property Trust, Inc. (NYSE:FCPT)

Inspire Advisors LLC raised its position in Four Corners Property Trust, Inc. (NYSE:FCPT) by 56.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,093 shares of the financial services provider’s stock after buying an additional 4,375 shares during the quarter. Inspire Advisors LLC’s holdings in Four Corners Property Trust were worth $328,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its stake in shares of Four Corners Property Trust by 6.1% in the third quarter. Thrivent Financial for Lutherans now owns 349,221 shares of the financial services provider’s stock valued at $10,236,000 after buying an additional 20,028 shares during the period. SG Americas Securities LLC raised its stake in shares of Four Corners Property Trust by 91.2% in the fourth quarter. SG Americas Securities LLC now owns 9,872 shares of the financial services provider’s stock valued at $268,000 after buying an additional 4,708 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Four Corners Property Trust by 211.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 159,630 shares of the financial services provider’s stock valued at $4,679,000 after buying an additional 108,345 shares during the period. Geode Capital Management LLC raised its stake in shares of Four Corners Property Trust by 1.2% in the third quarter. Geode Capital Management LLC now owns 2,357,175 shares of the financial services provider’s stock valued at $69,101,000 after buying an additional 27,552 shares during the period. Finally, Citigroup Inc. raised its stake in shares of Four Corners Property Trust by 21.0% in the third quarter. Citigroup Inc. now owns 201,872 shares of the financial services provider’s stock valued at $5,917,000 after buying an additional 35,059 shares during the period. 98.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FCPT has been the topic of several research reports. UBS Group began coverage on Four Corners Property Trust in a research note on Thursday, November 14th. They issued a “buy” rating and a $33.00 target price on the stock. Wells Fargo & Company lifted their price target on Four Corners Property Trust from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday. Barclays reduced their price target on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Finally, JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.20.

Four Corners Property Trust Price Performance

NYSE:FCPT opened at $27.65 on Thursday. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 25.84 and a beta of 1.16. Four Corners Property Trust, Inc. has a 52-week low of $22.38 and a 52-week high of $30.93. The stock has a fifty day moving average of $27.81 and a 200 day moving average of $28.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.11.

Four Corners Property Trust (NYSE:FCPT) last posted 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 return on equity of 7.54% and a net margin of 37.48%. On average, research analysts expect that Four Corners Property Trust, Inc. will post 1.68 EPS for the current fiscal year.

Four Corners Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 5.14%. The ex-dividend date of this dividend is Monday, March 31st. Four Corners Property Trust’s dividend payout ratio is 132.71%.

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.