Barclays PLC Acquires 81,565 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

Barclays PLC raised its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 109.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 156,021 shares of the financial services provider's stock after buying an additional 81,565 shares during the period. Barclays PLC owned about 0.16% of Four Corners Property Trust worth $4,572,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FCPT. Louisiana State Employees Retirement System lifted its stake in Four Corners Property Trust by 3.1% during the second quarter. Louisiana State Employees Retirement System now owns 46,300 shares of the financial services provider's stock valued at $1,142,000 after buying an additional 1,400 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Four Corners Property Trust by 2.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 986,291 shares of the financial services provider's stock worth $24,332,000 after purchasing an additional 22,792 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Four Corners Property Trust by 5.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 74,403 shares of the financial services provider's stock valued at $1,836,000 after purchasing an additional 3,597 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Four Corners Property Trust by 12.4% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,934 shares of the financial services provider's stock valued at $812,000 after purchasing an additional 3,636 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Four Corners Property Trust by 8.2% during the second quarter. Van ECK Associates Corp now owns 14,037 shares of the financial services provider's stock valued at $346,000 after buying an additional 1,059 shares in the last quarter. Institutional investors own 98.66% of the company's stock.

Four Corners Property Trust Stock Up 1.6 %

Shares of FCPT stock traded up $0.42 on Friday, hitting $27.16. The company's stock had a trading volume of 3,228,928 shares, compared to its average volume of 529,788. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 25.38 and a beta of 1.12. Four Corners Property Trust, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $30.93. The firm's fifty day moving average price is $28.62 and its 200-day moving average price is $27.65.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.14). Four Corners Property Trust had a return on equity of 7.68% and a net margin of 37.27%. The company had revenue of $66.79 million for the quarter, compared to the consensus estimate of $63.50 million. During the same quarter last year, the company posted $0.42 EPS. The business's revenue was up 3.0% compared to the same quarter last year. Research analysts anticipate that Four Corners Property Trust, Inc. will post 1.66 EPS for the current year.

Four Corners Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 5.23%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Four Corners Property Trust's previous quarterly dividend of $0.35. Four Corners Property Trust's dividend payout ratio (DPR) is 132.71%.

Analyst Ratings Changes

FCPT has been the subject of several research analyst reports. Barclays initiated coverage on Four Corners Property Trust in a research note on Tuesday, December 17th. They issued an "equal weight" rating and a $31.00 price objective for the company. JMP Securities restated a "market perform" rating on shares of Four Corners Property Trust in a report on Tuesday, December 10th. Evercore ISI boosted their price target on shares of Four Corners Property Trust from $26.00 to $28.00 and gave the company an "in-line" rating in a report on Wednesday, August 28th. UBS Group assumed coverage on Four Corners Property Trust in a report on Thursday, November 14th. They set a "buy" rating and a $33.00 price objective for the company. Finally, Wells Fargo & Company reissued an "overweight" rating and set a $32.00 price objective (up previously from $28.00) on shares of Four Corners Property Trust in a research report on Tuesday, October 1st. Three equities research 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, Four Corners Property Trust presently has a consensus rating of "Moderate Buy" and an average target price of $30.60.

About Four Corners Property Trust

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.