Natixis Acquires New Position in Four Corners Property Trust, Inc. (NYSE:FCPT)

Natixis purchased a new position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 27,100 shares of the financial services provider's stock, valued at approximately $735,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in Four Corners Property Trust by 234.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 817 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Four Corners Property Trust by 165.7% in 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 acquired a new position in shares of Four Corners Property Trust in the 4th quarter valued at about $39,000. Synergy Investment Management LLC purchased a new stake in shares of Four Corners Property Trust in the fourth quarter worth about $48,000. Finally, Eagle Bay Advisors LLC grew its holdings in Four Corners Property Trust by 25.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider's stock worth $58,000 after acquiring an additional 425 shares during the period. 98.66% of the stock is currently owned by institutional investors and hedge funds.

Four Corners Property Trust Trading Up 0.6 %

Shares of FCPT stock traded up $0.18 during trading on Monday, hitting $27.89. 452,260 shares of the stock traded hands, compared to its average volume of 618,468. Four Corners Property Trust, Inc. has a 52-week low of $23.25 and a 52-week high of $30.93. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market capitalization of $2.79 billion, a P/E ratio of 26.07 and a beta of 0.93. The firm's fifty day moving average price is $28.06 and its 200-day moving average price is $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 the consensus estimate 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%. As a group, research analysts forecast 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date of this dividend was Monday, March 31st. Four Corners Property Trust's dividend payout ratio is presently 132.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. JMP Securities reissued a "market perform" rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Barclays lowered 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, Wells Fargo & Company increased their target price on 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus 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.