Jump Financial LLC Cuts Stock Position in Four Corners Property Trust, Inc. (NYSE:FCPT)

Jump Financial LLC lowered its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 51.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,658 shares of the financial services provider's stock after selling 13,511 shares during the quarter. Jump Financial LLC's holdings in Four Corners Property Trust were worth $344,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FCPT. EverSource Wealth Advisors LLC raised its holdings in Four Corners Property Trust by 234.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider's stock valued at $32,000 after buying an additional 817 shares during the period. Smartleaf Asset Management LLC raised its holdings in Four Corners Property Trust by 165.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the financial services provider's stock valued at $38,000 after buying an additional 860 shares during the period. VSM Wealth Advisory LLC purchased a new stake in Four Corners Property Trust during the 4th quarter valued at $39,000. Synergy Investment Management LLC purchased a new stake in Four Corners Property Trust during the 4th quarter valued at $48,000. Finally, Eagle Bay Advisors LLC raised its holdings in 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 valued at $58,000 after buying an additional 425 shares during the period. Hedge funds and other institutional investors own 98.66% of the company's stock.

Wall Street Analysts Forecast Growth

FCPT has been the subject of several research reports. Barclays lowered their price objective on shares of Four Corners Property Trust from $31.00 to $30.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. Wells Fargo & Company upped their price target on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report 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 research analysts have rated the stock with a hold rating and three have given a buy 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 price target of $30.20.

Four Corners Property Trust Price Performance

Shares of FCPT stock traded up $0.18 during trading hours on Monday, reaching $27.89. The company had a trading volume of 576,838 shares, compared to its average volume of 618,468. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 26.07 and a beta of 0.93. Four Corners Property Trust, Inc. has a 12-month low of $23.25 and a 12-month high of $30.93. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a fifty day moving average of $28.06 and a 200-day moving average of $28.09.

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 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%. On average, equities analysts anticipate that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current year.

Four Corners Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 5.09%. The ex-dividend date was Monday, March 31st. Four Corners Property Trust's dividend payout ratio (DPR) is presently 132.71%.

Four Corners Property Trust Company 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.