Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Purchased by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lifted its holdings in Four Corners Property Trust, Inc. (NYSE:FCPT) by 140.0% during the first quarter, Holdings Channel reports. The fund owned 59,750 shares of the financial services provider’s stock after buying an additional 34,850 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Four Corners Property Trust were worth $1,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Four Corners Property Trust by 1.1% during the first quarter. Vanguard Group Inc. now owns 10,635,297 shares of the financial services provider’s stock worth $260,246,000 after buying an additional 116,453 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in Four Corners Property Trust by 2.3% during the fourth quarter. Westwood Holdings Group Inc. now owns 2,525,518 shares of the financial services provider’s stock worth $63,896,000 after buying an additional 57,167 shares in the last quarter. Capital International Investors boosted its holdings in Four Corners Property Trust by 14.2% during the fourth quarter. Capital International Investors now owns 1,807,880 shares of the financial services provider’s stock worth $45,739,000 after buying an additional 225,327 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in Four Corners Property Trust by 26.7% during the first quarter. William Blair Investment Management LLC now owns 1,410,376 shares of the financial services provider’s stock worth $34,512,000 after buying an additional 297,300 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Four Corners Property Trust by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,339,614 shares of the financial services provider’s stock worth $33,892,000 after buying an additional 53,517 shares in the last quarter. Institutional investors and hedge funds own 98.66% of the company’s stock.

Four Corners Property Trust Price Performance

FCPT traded up $0.11 during midday trading on Tuesday, hitting $27.13. 456,807 shares of the company traded hands, compared to its average volume of 465,293. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 25.36 and a beta of 1.08. Four Corners Property Trust, Inc. has a 52-week low of $20.51 and a 52-week high of $27.60. The business has a 50 day simple moving average of $24.88 and a two-hundred day simple moving average of $24.25.

Four Corners Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a yield of 5.09%. The ex-dividend date was Friday, June 28th. Four Corners Property Trust’s payout ratio is 128.97%.

Analyst Upgrades and Downgrades

Separately, JMP Securities initiated coverage on shares of Four Corners Property Trust in a report on Monday, July 8th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Four Corners Property Trust presently has a consensus rating of “Moderate Buy” and an average price target of $26.33.

Insider Buying and Selling at Four Corners Property Trust

In other Four Corners Property Trust news, Director John S. Moody sold 7,230 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $24.56, for a total transaction of $177,568.80. Following the transaction, the director now directly owns 61,108 shares of the company’s stock, valued at $1,500,812.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director John S. Moody sold 7,230 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $24.56, for a total value of $177,568.80. Following the transaction, the director now directly owns 61,108 shares of the company’s stock, valued at $1,500,812.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William H. Lenehan purchased 6,230 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was acquired at an average cost of $24.05 per share, for a total transaction of $149,831.50. Following the completion of the purchase, the chief executive officer now owns 620,394 shares of the company’s stock, valued at approximately $14,920,475.70. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

Four Corners Property Trust 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.