Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Bought by Centersquare Investment Management LLC

Centersquare Investment Management LLC lifted its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 5.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,666 shares of the financial services provider’s stock after purchasing an additional 1,120 shares during the quarter. Centersquare Investment Management LLC’s holdings in Four Corners Property Trust were worth $588,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Four Corners Property Trust by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 10,874,938 shares of the financial services provider’s stock worth $295,146,000 after buying an additional 240,230 shares during the period. Geode Capital Management LLC boosted its stake in shares of Four Corners Property Trust by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 2,455,295 shares of the financial services provider’s stock worth $66,651,000 after acquiring an additional 98,120 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Four Corners Property Trust by 2.7% during the 4th quarter. Principal Financial Group Inc. now owns 1,822,422 shares of the financial services provider’s stock worth $49,463,000 after acquiring an additional 48,319 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Four Corners Property Trust by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,612,978 shares of the financial services provider’s stock worth $43,776,000 after acquiring an additional 94,903 shares during the period. Finally, William Blair Investment Management LLC increased its stake in Four Corners Property Trust by 2.4% in the 4th quarter. William Blair Investment Management LLC now owns 1,399,446 shares of the financial services provider’s stock valued at $37,981,000 after purchasing an additional 33,450 shares in the last quarter. 98.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on FCPT shares. Wells Fargo & Company boosted their target price on 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. Barclays decreased 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. Finally, JMP Securities restated a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.20.

Four Corners Property Trust Trading Down 0.3 %

Four Corners Property Trust stock opened at $28.37 on Friday. The stock has a 50-day moving average price of $28.19 and a 200 day moving average price of $28.35. Four Corners Property Trust, Inc. has a 52 week low of $22.38 and a 52 week high of $30.93. The stock has a market cap of $2.84 billion, a PE ratio of 26.51 and a beta of 0.93. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36.

Four Corners Property Trust (NYSE:FCPT) 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%. Equities research analysts predict that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Four Corners Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.355 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.42 annualized dividend and a yield of 5.01%. 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.