Jane Street Group LLC Purchases 173,598 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

Jane Street Group LLC increased its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 212.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 255,275 shares of the financial services provider’s stock after buying an additional 173,598 shares during the period. Jane Street Group LLC owned about 0.26% of Four Corners Property Trust worth $7,482,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC raised its position in Four Corners Property Trust by 4.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 12,298 shares of the financial services provider’s stock worth $360,000 after purchasing an additional 527 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Four Corners Property Trust by 24.0% in the third quarter. GAMMA Investing LLC now owns 4,205 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 814 shares during the period. Arizona State Retirement System boosted its holdings in Four Corners Property Trust by 3.5% in the second quarter. Arizona State Retirement System now owns 25,753 shares of the financial services provider’s stock valued at $635,000 after acquiring an additional 863 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Four Corners Property Trust by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,570 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 921 shares during the period. Finally, Prospector Partners LLC raised its holdings in Four Corners Property Trust by 5.4% during the 3rd quarter. Prospector Partners LLC now owns 19,563 shares of the financial services provider’s stock worth $573,000 after purchasing an additional 1,000 shares during the last quarter. 98.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a research report on Tuesday, December 10th. Wells Fargo & Company reissued an “overweight” rating and issued a $32.00 price objective (up from $28.00) on shares of Four Corners Property Trust in a research note on Tuesday, October 1st. Evercore ISI raised their target price on Four Corners Property Trust from $26.00 to $28.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. Raymond James boosted their price target on Four Corners Property Trust from $27.00 to $29.00 and gave the company an “outperform” rating in a research note on Wednesday, August 21st. Finally, UBS Group started coverage on shares of Four Corners Property Trust in a research report on Thursday, November 14th. They set a “buy” rating and a $33.00 price objective for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Four Corners Property Trust currently has an average rating of “Moderate Buy” and an average price target of $30.50.

Four Corners Property Trust Trading Down 0.6 %

NYSE FCPT opened at $28.73 on Friday. Four Corners Property Trust, Inc. has a 52 week low of $22.38 and a 52 week high of $30.93. The business has a 50 day moving average price of $28.73 and a 200-day moving average price of $27.52. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.38. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 26.85 and a beta of 1.12.

Four Corners Property Trust (NYSE:FCPT) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.14). The business had revenue of $66.79 million for the quarter, compared to analyst estimates of $63.50 million. Four Corners Property Trust had a return on equity of 7.68% and a net margin of 37.27%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.42 EPS. As a group, equities analysts expect that Four Corners Property Trust, Inc. will post 1.66 earnings per share for the current fiscal year.

Four Corners Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.355 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.42 dividend on an annualized basis and a yield of 4.94%. This is an increase from Four Corners Property Trust’s previous quarterly dividend of $0.35. Four Corners Property Trust’s payout ratio is 128.97%.

Four Corners Property Trust Company Profile

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail 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 retail industries.