SG Americas Securities LLC Has $3.20 Million Holdings in Four Corners Property Trust, Inc. $FCPT

SG Americas Securities LLC lifted its holdings in Four Corners Property Trust, Inc. (NYSE:FCPT) by 395.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,344 shares of the financial services provider’s stock after purchasing an additional 108,041 shares during the quarter. SG Americas Securities LLC’s holdings in Four Corners Property Trust were worth $3,201,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV increased its stake in Four Corners Property Trust by 41.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 18,409 shares of the financial services provider’s stock valued at $425,000 after buying an additional 5,374 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Four Corners Property Trust during the 4th quarter worth about $830,000. Zimmer Partners LP boosted its stake in shares of Four Corners Property Trust by 5.7% during the 4th quarter. Zimmer Partners LP now owns 185,092 shares of the financial services provider’s stock worth $4,268,000 after buying an additional 10,000 shares during the last quarter. Voloridge Investment Management LLC grew its holdings in shares of Four Corners Property Trust by 17.9% in the 4th quarter. Voloridge Investment Management LLC now owns 477,701 shares of the financial services provider’s stock valued at $11,016,000 after acquiring an additional 72,636 shares in the last quarter. Finally, Tudor Investment Corp ET AL grew its holdings in shares of Four Corners Property Trust by 398.5% in the 4th quarter. Tudor Investment Corp ET AL now owns 154,539 shares of the financial services provider’s stock valued at $3,564,000 after acquiring an additional 123,538 shares in the last quarter. Institutional investors and hedge funds own 98.66% of the company’s stock.

Insider Activity

In other Four Corners Property Trust news, CEO William H. Lenehan acquired 3,961 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was bought at an average cost of $25.23 per share, with a total value of $99,936.03. Following the completion of the transaction, the chief executive officer directly owned 775,696 shares in the company, valued at approximately $19,570,810.08. This represents a 0.51% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FCPT has been the topic of a number of recent research reports. Wells Fargo & Company lifted their target price on Four Corners Property Trust from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Raymond James Financial reduced their price target on Four Corners Property Trust from $29.00 to $28.00 and set an “outperform” rating for the company in a research report on Tuesday, March 17th. Barclays boosted their price target on Four Corners Property Trust from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. BMO Capital Markets assumed coverage on Four Corners Property Trust in a research note on Friday, April 17th. They set a “market perform” rating and a $27.00 price objective on the stock. Finally, Weiss Ratings raised Four Corners Property Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $28.12.

Four Corners Property Trust Stock Performance

Shares of FCPT opened at $24.56 on Wednesday. The firm has a 50-day moving average of $24.95 and a 200-day moving average of $24.63. Four Corners Property Trust, Inc. has a one year low of $22.78 and a one year high of $27.47. The company has a market cap of $2.70 billion, a PE ratio of 21.92 and a beta of 0.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.15 and a quick ratio of 0.15.

Four Corners Property Trust (NYSE:FCPT) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.14). The firm had revenue of $78.17 million during the quarter, compared to the consensus estimate of $73.34 million. Four Corners Property Trust had a net margin of 38.74% and a return on equity of 7.38%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 earnings per share. As a group, equities analysts forecast that Four Corners Property Trust, Inc. will post 1.76 earnings per share for the current year.

Four Corners Property Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.1222 dividend. The ex-dividend date is Wednesday, September 30th. This represents a c) annualized dividend and a yield of 6.0%. Four Corners Property Trust’s dividend payout ratio is currently 131.25%.

About Four Corners Property Trust

Four Corners Property Trust is a publicly traded real estate investment trust focused on acquiring and managing single-tenant commercial properties subject to long-term, triple-net leases. The company targets industrial, manufacturing, distribution, office and retail facilities leased to creditworthy tenants. By concentrating on net-lease structures, Four Corners seeks to generate stable, predictable income streams and mitigate operating cost variability.

The firm’s core activities include sourcing off-market and broker-sourced acquisition opportunities, conducting rigorous credit and property due diligence, and structuring lease agreements that shift property taxes, insurance and maintenance expenses to tenants.