Charles Schwab Investment Management Inc. Increases Stock Holdings in Four Corners Property Trust, Inc. (NYSE:FCPT)

Charles Schwab Investment Management Inc. boosted its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 4.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,518,075 shares of the financial services provider's stock after buying an additional 63,856 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.57% of Four Corners Property Trust worth $44,495,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Integrated Investment Consultants LLC grew its position in shares of Four Corners Property Trust by 27.3% during the 3rd quarter. Integrated Investment Consultants LLC now owns 12,789 shares of the financial services provider's stock worth $375,000 after buying an additional 2,742 shares during the period. Intech Investment Management LLC bought a new position in Four Corners Property Trust during the third quarter worth $725,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Four Corners Property Trust by 211.3% in 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 period. Quest Partners LLC bought a new stake in Four Corners Property Trust in the third quarter valued at $1,720,000. Finally, Thrivent Financial for Lutherans raised its holdings in shares of 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 during the period. Institutional investors own 98.66% of the company's stock.

Four Corners Property Trust Stock Performance

Shares of NYSE:FCPT traded down $0.77 during trading on Monday, hitting $28.94. 561,958 shares of the company were exchanged, compared to its average volume of 515,228. The company has a market cap of $2.80 billion, a PE ratio of 27.05 and a beta of 1.11. Four Corners Property Trust, Inc. has a 52-week low of $22.38 and a 52-week high of $30.93. 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 50 day moving average of $28.76 and a 200 day moving average of $27.25.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last posted its quarterly earnings data 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). The business had revenue of $66.79 million for the quarter, compared to the consensus estimate of $63.50 million. Four Corners Property Trust had a net margin of 37.27% and a return on equity of 7.68%. Four Corners Property Trust's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 EPS. As a group, equities research analysts predict that Four Corners Property Trust, Inc. will post 1.66 EPS for the current year.

Four Corners Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.355 per share. The ex-dividend date of this dividend is 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 dividend yield of 4.91%. Four Corners Property Trust's dividend payout ratio is 128.97%.

Wall Street Analyst Weigh In

FCPT has been the subject of several recent research reports. Wells Fargo & Company restated an "overweight" rating and set a $32.00 price objective (up previously from $28.00) on shares of Four Corners Property Trust in a report on Tuesday, October 1st. UBS Group initiated coverage on shares of Four Corners Property Trust in a report on Thursday, November 14th. They set a "buy" rating and a $33.00 price objective on the stock. JMP Securities reiterated a "market perform" rating on shares of Four Corners Property Trust in a report on Wednesday, August 28th. Evercore ISI upped their target price on shares of Four Corners Property Trust from $26.00 to $28.00 and gave the stock an "in-line" rating in a report on Wednesday, August 28th. Finally, Raymond James increased their price objective on Four Corners Property Trust from $27.00 to $29.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 21st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Four Corners Property Trust presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.50.

Four Corners Property Trust Profile

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.