UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 649,702 Shares of Four Corners Property Trust, Inc. $FCPT

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 15,777.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 653,820 shares of the financial services provider’s stock after acquiring an additional 649,702 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.60% of Four Corners Property Trust worth $16,051,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FCPT. Parallel Advisors LLC lifted its holdings in Four Corners Property Trust by 80.1% during the third quarter. Parallel Advisors LLC now owns 1,041 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 463 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Four Corners Property Trust by 829.2% in the fourth quarter. Farther Finance Advisors LLC now owns 1,115 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 995 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Four Corners Property Trust in the fourth quarter worth about $36,000. Huntington National Bank raised its position in shares of Four Corners Property Trust by 114.1% in the fourth quarter. Huntington National Bank now owns 1,569 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 836 shares during the period. Finally, Bessemer Group Inc. raised its position in shares of Four Corners Property Trust by 326.1% in the first quarter. Bessemer Group Inc. now owns 1,649 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 1,262 shares during the period. Hedge funds and other institutional investors own 98.66% of the company’s stock.

Four Corners Property Trust Trading Up 0.2%

Shares of FCPT stock opened at $24.96 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.14 and a current ratio of 0.14. Four Corners Property Trust, Inc. has a 52-week low of $22.78 and a 52-week high of $26.86. The company has a market capitalization of $2.74 billion, a PE ratio of 22.49 and a beta of 0.79. The business’s fifty day moving average is $25.31 and its 200 day moving average is $25.06.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.16. Four Corners Property Trust had a return on equity of 7.35% and a net margin of 38.70%.The company had revenue of $78.42 million during the quarter, compared to analyst estimates of $79.02 million. During the same quarter last year, the company earned $0.44 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. On average, equities research analysts anticipate that Four Corners Property Trust, Inc. will post 1.76 EPS for the current fiscal year.

Four Corners Property Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.1222 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Wednesday, September 30th. Four Corners Property Trust’s dividend payout ratio (DPR) is 132.43%.

Wall Street Analyst Weigh In

FCPT has been the subject of several analyst reports. Barclays raised their price objective on shares of Four Corners Property Trust from $29.00 to $30.00 and gave the stock an “equal weight” rating in a report on Friday. UBS Group restated a “buy” rating and issued a $30.00 target price on shares of Four Corners Property Trust in a research note on Thursday, July 9th. Weiss Ratings lowered Four Corners Property Trust from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Citigroup reissued a “market outperform” rating on shares of Four Corners Property Trust in a report on Tuesday, August 25th. Finally, Huntington began coverage on shares of Four Corners Property Trust in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $27.00 price objective for the company. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Four Corners Property Trust presently has an average rating of “Moderate Buy” and a consensus price target of $27.90.

Four Corners Property Trust Company Profile

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.