10,208 Shares in Four Corners Property Trust, Inc. (NYSE:FCPT) Acquired by Ballentine Partners LLC

Ballentine Partners LLC bought a new position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,208 shares of the financial services provider's stock, valued at approximately $277,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Creative Planning lifted its holdings in shares of Four Corners Property Trust by 13.3% during the 3rd quarter. Creative Planning now owns 28,159 shares of the financial services provider's stock worth $825,000 after acquiring an additional 3,315 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Four Corners Property Trust by 6.1% during the third quarter. Thrivent Financial for Lutherans now owns 349,221 shares of the financial services provider's stock valued at $10,236,000 after purchasing an additional 20,028 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Four Corners Property Trust by 211.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 159,630 shares of the financial services provider's stock worth $4,679,000 after purchasing an additional 108,345 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Four Corners Property Trust by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,357,175 shares of the financial services provider's stock worth $69,101,000 after purchasing an additional 27,552 shares in the last quarter. Finally, Citigroup Inc. increased its position in shares of Four Corners Property Trust by 21.0% during the 3rd quarter. Citigroup Inc. now owns 201,872 shares of the financial services provider's stock valued at $5,917,000 after purchasing an additional 35,059 shares during the last quarter. 98.66% of the stock is currently owned by institutional investors.

Four Corners Property Trust Trading Up 0.8 %

Shares of NYSE:FCPT traded up $0.22 during midday trading on Friday, hitting $27.64. 261,182 shares of the stock traded hands, compared to its average volume of 524,269. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $2.67 billion, a PE ratio of 25.84 and a beta of 1.13. Four Corners Property Trust, Inc. has a one year low of $22.38 and a one year high of $30.93. The business's 50 day moving average is $28.05 and its two-hundred day moving average is $28.12.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.14). The business had revenue of $66.79 million during the quarter, compared to analysts' expectations of $63.50 million. Four Corners Property Trust had a return on equity of 7.68% and a net margin of 37.27%. The company's quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS. As a group, research analysts forecast that Four Corners Property Trust, Inc. will post 1.62 earnings per share for the current year.

Four Corners Property Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.355 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from Four Corners Property Trust's previous quarterly dividend of $0.35. This represents a $1.42 annualized dividend and a yield of 5.14%. Four Corners Property Trust's dividend payout ratio is 132.71%.

Analysts Set New Price Targets

FCPT has been the subject of a number of recent research reports. UBS Group started coverage on Four Corners Property Trust in a research report on Thursday, November 14th. They issued a "buy" rating and a $33.00 target price for the company. JMP Securities reaffirmed a "market perform" rating on shares of Four Corners Property Trust in a research note on Tuesday, December 10th. Barclays assumed coverage on shares of Four Corners Property Trust in a research report on Tuesday, December 17th. They issued an "equal weight" rating and a $31.00 target price on the stock. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and set a $32.00 price objective (up from $28.00) on shares of Four Corners Property Trust in a research note on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $30.60.

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.