Four Corners Property Trust, Inc. (NYSE:FCPT) Short Interest Update

Four Corners Property Trust, Inc. (NYSE:FCPT - Get Free Report) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 5,350,000 shares, an increase of 31.8% from the February 28th total of 4,060,000 shares. Approximately 5.4% of the company's shares are sold short. Based on an average daily volume of 768,500 shares, the short-interest ratio is currently 7.0 days.

Institutional Trading of Four Corners Property Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC lifted its position in shares of Four Corners Property Trust by 5.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,755 shares of the financial services provider's stock worth $238,000 after purchasing an additional 450 shares during the last quarter. GF Fund Management CO. LTD. bought a new stake in shares of Four Corners Property Trust in the 4th quarter valued at approximately $46,000. Public Employees Retirement System of Ohio raised its position in shares of Four Corners Property Trust by 1.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 260,842 shares of the financial services provider's stock valued at $7,079,000 after acquiring an additional 4,697 shares in the last quarter. Palisades Investment Partners LLC boosted its holdings in Four Corners Property Trust by 8.3% in the fourth quarter. Palisades Investment Partners LLC now owns 31,303 shares of the financial services provider's stock worth $850,000 after purchasing an additional 2,407 shares during the period. Finally, PharVision Advisers LLC bought a new position in shares of Four Corners Property Trust during the fourth quarter valued at approximately $201,000. Institutional investors own 98.66% of the company's stock.

Remove Ads

Four Corners Property Trust Stock Down 1.4 %

Shares of NYSE:FCPT traded down $0.39 during mid-day trading on Friday, hitting $27.99. 812,282 shares of the company traded hands, compared to its average volume of 593,925. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.11. Four Corners Property Trust has a 52-week low of $22.38 and a 52-week high of $30.93. The firm's 50 day simple moving average is $28.19 and its 200 day simple moving average is $28.35. The firm has a market cap of $2.80 billion, a P/E ratio of 26.16 and a beta of 0.93.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.16. Four Corners Property Trust had a net margin of 37.48% and a return on equity of 7.54%. On average, equities analysts anticipate that Four Corners Property Trust will post 1.68 EPS for the current year.

Four Corners Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date is Monday, March 31st. Four Corners Property Trust's payout ratio is currently 132.71%.

Analysts Set New Price Targets

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

About Four Corners Property Trust

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.