New Age Alpha Advisors LLC Invests $3.72 Million in Four Corners Property Trust, Inc. (NYSE:FCPT)

New Age Alpha Advisors LLC bought a new position in Four Corners Property Trust, Inc. (NYSE:FCPT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 137,049 shares of the financial services provider’s stock, valued at approximately $3,720,000. New Age Alpha Advisors LLC owned 0.14% of Four Corners Property Trust at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Four Corners Property Trust by 234.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 817 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Four Corners Property Trust by 165.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 860 shares in the last quarter. VSM Wealth Advisory LLC bought a new stake in Four Corners Property Trust in the 4th quarter valued at approximately $39,000. Synergy Investment Management LLC acquired a new position in Four Corners Property Trust during the 4th quarter worth approximately $48,000. Finally, Eagle Bay Advisors LLC grew its stake in shares of Four Corners Property Trust by 25.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 425 shares in the last quarter. Institutional investors own 98.66% of the company’s stock.

Four Corners Property Trust Stock Performance

Shares of FCPT stock opened at $28.52 on Friday. The company has a fifty day moving average price of $28.11 and a two-hundred day moving average price of $28.38. Four Corners Property Trust, Inc. has a one year low of $22.38 and a one year high of $30.93. The stock has a market cap of $2.85 billion, a P/E ratio of 26.65 and a beta of 1.16. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.16. Four Corners Property Trust had a return on equity of 7.54% and a net margin of 37.48%. As a group, equities analysts predict that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Four Corners Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Monday, March 31st. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 132.71%.

Analyst Ratings Changes

A number of analysts have recently commented on FCPT shares. Barclays cut their price objective on shares of Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Wells Fargo & Company increased their price objective on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Four Corners Property Trust has a consensus rating of “Moderate Buy” and an average target price of $30.20.

Four Corners Property Trust Profile

Four Corners Property Trust, Inc engages in the owning, acquisition, and leasing of properties for use in the restaurant and food-service related industries. It operates through the Real Estate Operations and Restaurant Operations segments. The Real Estate Operations segment consists of rental revenues generated by leasing restaurant properties.