Capital International Investors Has $61.54 Million Holdings in Four Corners Property Trust, Inc. (NYSE:FCPT)

Capital International Investors lifted its holdings in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 25.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,267,422 shares of the financial services provider's stock after purchasing an additional 459,542 shares during the period. Capital International Investors owned about 2.34% of Four Corners Property Trust worth $61,538,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of FCPT. EverSource Wealth Advisors LLC increased its stake in shares of Four Corners Property Trust by 234.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider's stock worth $32,000 after purchasing an additional 817 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Four Corners Property Trust by 165.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the financial services provider's stock worth $38,000 after acquiring an additional 860 shares during the period. VSM Wealth Advisory LLC bought a new position in shares of Four Corners Property Trust during the fourth quarter valued at approximately $39,000. Synergy Investment Management LLC purchased a new position in shares of Four Corners Property Trust in the 4th quarter worth approximately $48,000. Finally, Eagle Bay Advisors LLC increased its stake in Four Corners Property Trust by 25.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider's stock valued at $58,000 after purchasing an additional 425 shares in the last quarter. Hedge funds and other institutional investors own 98.66% of the company's stock.

Four Corners Property Trust Trading Down 1.8 %

Shares of NYSE FCPT traded down $0.52 during trading on Thursday, hitting $27.88. 525,959 shares of the company traded hands, compared to its average volume of 615,217. The firm has a market capitalization of $2.79 billion, a P/E ratio of 26.06 and a beta of 0.93. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $28.06 and a 200-day moving average price of $28.11. Four Corners Property Trust, Inc. has a 1 year low of $23.25 and a 1 year high of $30.93.

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%. On average, equities analysts predict that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Four Corners Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 5.09%. The ex-dividend date was Monday, March 31st. Four Corners Property Trust's dividend payout ratio is presently 132.71%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FCPT. 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 shares of Four Corners Property Trust from $31.00 to $30.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company increased their price objective on Four Corners Property Trust from $30.00 to $31.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Four Corners Property Trust currently has an average rating of "Moderate Buy" and a consensus target price of $30.20.

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.