Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 312.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 37,220 shares of the financial services provider's stock after purchasing an additional 28,188 shares during the quarter. Teacher Retirement System of Texas' holdings in Four Corners Property Trust were worth $1,010,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Intech Investment Management LLC acquired a new stake in Four Corners Property Trust in the 3rd quarter worth about $725,000. Charles Schwab Investment Management Inc. grew its stake in shares of Four Corners Property Trust by 4.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,518,075 shares of the financial services provider's stock valued at $44,495,000 after buying an additional 63,856 shares during the period. Citigroup Inc. raised its position in shares of Four Corners Property Trust by 21.0% in the 3rd quarter. Citigroup Inc. now owns 201,872 shares of the financial services provider's stock worth $5,917,000 after buying an additional 35,059 shares during the period. Cerity Partners LLC boosted its holdings in Four Corners Property Trust by 19.3% in the third quarter. Cerity Partners LLC now owns 16,655 shares of the financial services provider's stock valued at $488,000 after acquiring an additional 2,689 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Four Corners Property Trust by 7.2% during the third quarter. Daiwa Securities Group Inc. now owns 30,973 shares of the financial services provider's stock valued at $908,000 after acquiring an additional 2,076 shares during the period. Institutional investors and hedge funds own 98.66% of the company's stock.

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Four Corners Property Trust Stock Up 0.1 %

Shares of Four Corners Property Trust stock traded up $0.03 during trading hours on Wednesday, hitting $28.73. 40,323 shares of the company's stock traded hands, compared to its average volume of 584,840. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.36. Four Corners Property Trust, Inc. has a twelve month low of $22.38 and a twelve month high of $30.93. The stock has a 50 day simple moving average of $28.15 and a 200-day simple moving average of $28.35. The company has a market cap of $2.87 billion, a PE ratio of 26.83 and a beta of 1.16.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share (EPS) 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%. Equities research analysts anticipate that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Four Corners Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 4.94%. The ex-dividend date of this dividend is Monday, March 31st. Four Corners Property Trust's dividend payout ratio is currently 132.71%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FCPT shares. Wells Fargo & Company lifted 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. JMP Securities reaffirmed a "market perform" rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Finally, Barclays cut their target price on shares of Four Corners Property Trust from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 4th. Three research 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 an average rating of "Moderate Buy" and an average target price of $30.20.

About Four Corners Property Trust

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.