GSA Capital Partners LLP Invests $2.06 Million in Four Corners Property Trust, Inc. $FCPT

GSA Capital Partners LLP acquired a new position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 83,943 shares of the financial services provider’s stock, valued at approximately $2,061,000. GSA Capital Partners LLP owned 0.08% of Four Corners Property Trust as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FCPT. Parallel Advisors LLC boosted 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 worth $25,000 after buying 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 4th quarter. Farther Finance Advisors LLC now owns 1,115 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 995 shares during the last quarter. First Horizon Corp raised its position in shares of Four Corners Property Trust by 147.4% in the 4th quarter. First Horizon Corp now owns 1,190 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 709 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Four Corners Property Trust in the 4th quarter valued at approximately $36,000. Finally, Huntington National Bank boosted its stake in Four Corners Property Trust by 114.1% during the 4th quarter. Huntington National Bank now owns 1,569 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 836 shares during the last quarter. Institutional investors own 98.66% of the company’s stock.

Four Corners Property Trust Stock Up 0.3%

FCPT stock opened at $25.23 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.14 and a quick ratio of 0.14. The stock has a market capitalization of $2.77 billion, a P/E ratio of 22.73 and a beta of 0.79. Four Corners Property Trust, Inc. has a fifty-two week low of $22.78 and a fifty-two week high of $26.86. The business has a 50-day moving average of $25.23 and a 200-day moving average of $25.01.

Four Corners Property Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.1222 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 5.8%. Four Corners Property Trust’s dividend payout ratio is 132.43%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FCPT. Weiss Ratings cut shares of Four Corners Property Trust from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. UBS Group reiterated a “buy” rating and issued a $30.00 target price on shares of Four Corners Property Trust in a report on Thursday, July 9th. Huntington started coverage on shares of Four Corners Property Trust in a research report on Wednesday, July 15th. They set an “outperform” rating and a $27.00 price target on the stock. Barclays decreased their price target on shares of Four Corners Property Trust from $30.00 to $29.00 and set an “equal weight” rating for the company in a report on Wednesday, July 22nd. Finally, Citigroup restated a “market outperform” rating on shares of Four Corners Property Trust in a research report on Monday, June 1st. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $27.78.

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.