Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Stake in Four Corners Property Trust, Inc. (NYSE:FCPT)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 45.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,799 shares of the financial services provider's stock after acquiring an additional 16,064 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.05% of Four Corners Property Trust worth $1,406,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in shares of Four Corners Property Trust by 234.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider's stock worth $32,000 after buying an additional 817 shares during the period. Smartleaf Asset Management LLC boosted its stake in 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 in the last quarter. VSM Wealth Advisory LLC bought a new stake in Four Corners Property Trust during the fourth quarter worth about $39,000. Synergy Investment Management LLC purchased a new stake in Four Corners Property Trust in the fourth quarter worth about $48,000. Finally, Truvestments Capital LLC bought a new position in shares of Four Corners Property Trust during the third quarter valued at approximately $51,000. Hedge funds and other institutional investors own 98.66% of the company's stock.

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Four Corners Property Trust Stock Up 0.2 %

NYSE FCPT traded up $0.05 during mid-day trading on Friday, reaching $28.52. The stock had a trading volume of 420,284 shares, compared to its average volume of 583,416. The stock has a market cap of $2.85 billion, a PE ratio of 26.65 and a beta of 1.16. Four Corners Property Trust, Inc. has a 1 year low of $22.38 and a 1 year 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 company has a fifty day moving average price of $28.11 and a 200 day moving average price of $28.37.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share 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, research analysts expect that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current 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 paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 4.98%. The ex-dividend date is Monday, March 31st. Four Corners Property Trust's dividend payout ratio is currently 132.71%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on FCPT shares. JMP Securities reissued a "market perform" rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Barclays dropped their target price 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 raised their price target 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 assigned a buy rating to the company. According to MarketBeat, Four Corners Property Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.20.

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.