Quantinno Capital Management LP Boosts Stake in Four Corners Property Trust, Inc. $FCPT

Quantinno Capital Management LP lifted its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 148.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 183,279 shares of the financial services provider’s stock after acquiring an additional 109,507 shares during the period. Quantinno Capital Management LP’s holdings in Four Corners Property Trust were worth $4,335,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in Four Corners Property Trust by 80.1% in the third quarter. Parallel Advisors LLC now owns 1,041 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 463 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Four Corners Property Trust by 829.2% during 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 during the last quarter. First Horizon Corp boosted its holdings 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 worth $27,000 after purchasing an additional 709 shares in the last quarter. Huntington National Bank boosted its holdings in shares of Four Corners Property Trust by 114.1% in the 4th quarter. Huntington National Bank now owns 1,569 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 836 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Four Corners Property Trust during the 4th quarter valued at about $36,000. 98.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on FCPT shares. BMO Capital Markets began coverage on Four Corners Property Trust in a report on Friday, April 17th. They set a “market perform” rating and a $27.00 price objective on the stock. Wells Fargo & Company upped their target price on Four Corners Property Trust from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Barclays reduced their price target on shares of Four Corners Property Trust from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 22nd. Citigroup reissued a “market outperform” rating on shares of Four Corners Property Trust in a research note on Monday, June 1st. Finally, UBS Group reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Four Corners Property Trust in a research note on Thursday, July 9th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.78.

Four Corners Property Trust Stock Performance

Four Corners Property Trust stock opened at $25.07 on Friday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.39. The firm has a market cap of $2.75 billion, a P/E ratio of 22.58 and a beta of 0.79. Four Corners Property Trust, Inc. has a 1-year low of $22.78 and a 1-year high of $26.86. The firm has a 50-day moving average of $25.17 and a 200-day moving average of $25.00.

Four Corners Property Trust Announces Dividend

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 issued a $0.1222 dividend. The ex-dividend date is Wednesday, September 30th. This represents a c) annualized dividend and a yield of 5.9%. Four Corners Property Trust’s dividend payout ratio (DPR) is 132.43%.

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.