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

Intech Investment Management LLC increased its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 193.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 72,527 shares of the financial services provider's stock after acquiring an additional 47,785 shares during the period. Intech Investment Management LLC owned approximately 0.07% of Four Corners Property Trust worth $1,968,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Thrivent Financial for Lutherans raised its stake 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. SG Americas Securities LLC increased its stake in Four Corners Property Trust by 91.2% during the 4th quarter. SG Americas Securities LLC now owns 9,872 shares of the financial services provider's stock worth $268,000 after buying an additional 4,708 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Four Corners Property Trust by 211.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 159,630 shares of the financial services provider's stock worth $4,679,000 after buying an additional 108,345 shares in the last quarter. Geode Capital Management LLC boosted its position in Four Corners Property Trust by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,357,175 shares of the financial services provider's stock valued at $69,101,000 after buying an additional 27,552 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Four Corners Property Trust by 1.3% in the 4th quarter. Bank of New York Mellon Corp now owns 891,425 shares of the financial services provider's stock valued at $24,193,000 after buying an additional 11,131 shares during the last quarter. Hedge funds and other institutional investors own 98.66% of the company's stock.

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Four Corners Property Trust Stock Performance

Shares of NYSE FCPT traded down $0.14 during trading on Tuesday, reaching $28.34. The stock had a trading volume of 647,654 shares, compared to its average volume of 549,175. The firm's 50 day moving average price is $28.02 and its two-hundred day moving average price is $28.39. Four Corners Property Trust, Inc. has a one year low of $22.38 and a one year high of $30.93. The stock has a market cap of $2.83 billion, a PE ratio of 26.49 and a beta of 1.16. 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 (NYSE:FCPT - Get Free Report) last released its earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share for the quarter, beating 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, research analysts forecast that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Four Corners Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 5.01%. Four Corners Property Trust's dividend payout ratio is currently 132.71%.

Analyst Upgrades and Downgrades

FCPT has been the subject of a number of analyst reports. JMP Securities reissued a "market perform" rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Barclays decreased their price target 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 upped their price target on shares of 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to 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 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.