Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Sold by Fmr LLC

FMR LLC decreased its stake in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 13.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,075,413 shares of the financial services provider's stock after selling 1,855,333 shares during the period. FMR LLC owned approximately 12.48% of Four Corners Property Trust worth $327,727,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its position in shares of Four Corners Property Trust by 234.1% during the 4th 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 during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Four Corners Property Trust by 165.7% during the 4th 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 last quarter. VSM Wealth Advisory LLC purchased a new position in shares of Four Corners Property Trust in the 4th quarter worth about $39,000. Synergy Investment Management LLC purchased a new position in Four Corners Property Trust in the fourth quarter valued at approximately $48,000. Finally, Eagle Bay Advisors LLC lifted its holdings in shares of 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 acquiring an additional 425 shares in the last quarter. Institutional investors and hedge funds own 98.66% of the company's stock.

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Four Corners Property Trust Stock Performance

Shares of Four Corners Property Trust stock traded up $0.26 during trading hours on Tuesday, reaching $27.75. The company's stock had a trading volume of 241,754 shares, compared to its average volume of 617,033. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.11. Four Corners Property Trust, Inc. has a one year low of $22.38 and a one year high of $30.93. The company's 50 day simple moving average is $28.02 and its 200 day simple moving average is $28.14. The stock has a market cap of $2.77 billion, a P/E ratio of 25.93 and a beta of 0.93.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. As a group, analysts expect that Four Corners Property Trust, Inc. will post 1.68 EPS for the current fiscal year.

Four Corners Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.355 per share. The ex-dividend date is Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a yield of 5.12%. Four Corners Property Trust's payout ratio is currently 132.71%.

Analyst Ratings Changes

Several research firms recently commented on FCPT. Barclays decreased their price target 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. JMP Securities reissued a "market perform" rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Finally, Wells Fargo & Company raised 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Four Corners Property Trust presently has an average rating of "Moderate Buy" and a consensus target price 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.