Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,455,295 shares of the financial services provider's stock after buying an additional 98,120 shares during the quarter. Geode Capital Management LLC owned approximately 2.54% of Four Corners Property Trust worth $66,651,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in shares of Four Corners Property Trust by 32.1% in the 4th quarter. Franklin Resources Inc. now owns 37,574 shares of the financial services provider's stock worth $1,020,000 after buying an additional 9,120 shares during the period. Cornercap Investment Counsel Inc. purchased a new stake in Four Corners Property Trust in the fourth quarter worth about $299,000. Nomura Asset Management Co. Ltd. grew its holdings in Four Corners Property Trust by 11.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 129,500 shares of the financial services provider's stock worth $3,515,000 after acquiring an additional 13,020 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Four Corners Property Trust during the 4th quarter valued at about $3,720,000. Finally, Norges Bank bought a new stake in shares of Four Corners Property Trust in the 4th quarter valued at about $7,254,000. Institutional investors own 98.66% of the company's stock.

Four Corners Property Trust Stock Up 0.9 %

FCPT stock traded up $0.26 on Tuesday, hitting $27.75. 534,830 shares of the company's stock were exchanged, compared to its average volume of 617,023. The firm has a 50 day moving average price of $28.02 and a two-hundred day moving average price of $28.14. 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 12-month low of $22.38 and a 12-month high of $30.93. The stock has a market cap of $2.77 billion, a P/E ratio of 25.93 and a beta of 0.93.

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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, 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%. As a group, equities research analysts expect 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 annualized dividend and a dividend yield of 5.12%. Four Corners Property Trust's payout ratio is currently 132.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FCPT shares. JMP Securities reiterated a "market perform" rating on shares of Four Corners Property Trust in a research note 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 research report on Tuesday, February 4th. Finally, Wells Fargo & Company lifted 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 issued a buy rating to the company. According to MarketBeat.com, Four Corners Property Trust presently has an average rating of "Moderate Buy" and an average 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.