Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 16,064 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Four Corners Property Trust, Inc. (NYSE:FCPT) by 45.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,799 shares of the financial services provider’s stock after purchasing an additional 16,064 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.05% of Four Corners Property Trust worth $1,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Natixis Advisors LLC increased its holdings in Four Corners Property Trust by 4.6% during the third quarter. Natixis Advisors LLC now owns 31,209 shares of the financial services provider’s stock worth $915,000 after buying an additional 1,377 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Four Corners Property Trust during the 3rd quarter valued at approximately $725,000. Charles Schwab Investment Management Inc. increased its stake in shares of Four Corners Property Trust by 4.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,518,075 shares of the financial services provider’s stock worth $44,495,000 after purchasing an additional 63,856 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Four Corners Property Trust by 21.0% in the 3rd quarter. Citigroup Inc. now owns 201,872 shares of the financial services provider’s stock worth $5,917,000 after purchasing an additional 35,059 shares during the period. Finally, Cerity Partners LLC lifted its stake in Four Corners Property Trust by 19.3% in the third quarter. Cerity Partners LLC now owns 16,655 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 2,689 shares during the last quarter. 98.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FCPT has been the subject of a number of recent research reports. JMP Securities reissued a “market perform” rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Barclays decreased their price objective on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Finally, Wells Fargo & Company upped their price objective on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, March 10th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.20.

Four Corners Property Trust Stock Performance

Shares of FCPT opened at $28.34 on Wednesday. Four Corners Property Trust, Inc. has a 52-week low of $22.38 and a 52-week high of $30.93. The stock’s 50-day simple moving average is $28.05 and its 200 day simple moving average is $28.39. 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 market capitalization of $2.83 billion, a price-to-earnings ratio of 26.49 and a beta of 1.16.

Four Corners Property Trust (NYSE:FCPT) last released its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates 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%. Research analysts forecast that Four Corners Property Trust, Inc. will post 1.68 EPS for the current fiscal year.

Four Corners Property Trust Dividend Announcement

The company 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. The ex-dividend date is Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.01%. Four Corners Property Trust’s dividend payout ratio (DPR) is currently 132.71%.

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.