Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,612,978 shares of the financial services provider's stock after buying an additional 94,903 shares during the period. Charles Schwab Investment Management Inc. owned about 1.67% of Four Corners Property Trust worth $43,776,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FCPT. Smartleaf Asset Management LLC increased its stake 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 buying an additional 860 shares during the period. Truvestments Capital LLC purchased a new position in Four Corners Property Trust in the third quarter valued at approximately $51,000. Eagle Bay Advisors LLC increased its stake in Four Corners Property Trust by 25.0% in the fourth 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 during the last quarter. KBC Group NV increased its stake in Four Corners Property Trust by 50.4% in the fourth quarter. KBC Group NV now owns 3,702 shares of the financial services provider's stock valued at $100,000 after purchasing an additional 1,240 shares during the last quarter. Finally, Vestcor Inc purchased a new position in Four Corners Property Trust in the third quarter valued at approximately $109,000. 98.66% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FCPT shares. Barclays decreased their price objective on Four Corners Property Trust from $31.00 to $30.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. 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 report on Monday, March 10th. Finally, JMP Securities reissued a "market perform" rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $30.20.

Four Corners Property Trust Stock Performance

Shares of NYSE FCPT traded down $0.19 during mid-day trading on Tuesday, hitting $28.03. 1,133,924 shares of the company were exchanged, compared to its average volume of 539,676. 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 stock has a 50 day simple moving average of $27.87 and a 200-day simple moving average of $28.40. Four Corners Property Trust, Inc. has a 1-year low of $22.38 and a 1-year high of $30.93. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 26.20 and a beta of 1.16.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last issued its 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 net margin of 37.48% and a return on equity of 7.54%. On average, sell-side analysts forecast that Four Corners Property Trust, Inc. will post 1.68 EPS for the current fiscal year.

Four Corners Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.355 per share. The ex-dividend date is Monday, March 31st. This represents a $1.42 annualized dividend and a dividend yield of 5.07%. Four Corners Property Trust's payout ratio is currently 132.71%.

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.