Invesco Ltd. Buys 85,476 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

Invesco Ltd. lifted its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,072,755 shares of the financial services provider's stock after buying an additional 85,476 shares during the period. Invesco Ltd. owned about 3.18% of Four Corners Property Trust worth $83,395,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in Four Corners Property Trust during the fourth quarter valued at approximately $12,845,000. Norges Bank acquired a new stake in shares of Four Corners Property Trust in the 4th quarter valued at approximately $7,254,000. Vanguard Group Inc. grew its stake in shares of Four Corners Property Trust by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 10,874,938 shares of the financial services provider's stock valued at $295,146,000 after buying an additional 240,230 shares in the last quarter. Jane Street Group LLC increased its holdings in Four Corners Property Trust by 212.5% during the third quarter. Jane Street Group LLC now owns 255,275 shares of the financial services provider's stock worth $7,482,000 after buying an additional 173,598 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in Four Corners Property Trust during the fourth quarter worth $3,720,000. Institutional investors own 98.66% of the company's stock.

Four Corners Property Trust Stock Performance

Shares of NYSE:FCPT traded up $0.26 during trading on Tuesday, reaching $27.75. 534,830 shares of the stock were exchanged, compared to its average volume of 617,023. 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 50-day moving average price of $28.02 and a 200-day moving average price of $28.14. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36. The firm has a market cap of $2.77 billion, a PE ratio of 25.93 and a beta of 0.93.

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Four Corners Property Trust (NYSE:FCPT - Get Free Report) last released its quarterly earnings results 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 return on equity of 7.54% and a net margin of 37.48%. 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date is Monday, March 31st. Four Corners Property Trust's dividend payout ratio is 132.71%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on FCPT shares. Barclays lowered their price objective 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. Wells Fargo & Company lifted their target price on Four Corners Property Trust from $30.00 to $31.00 and gave the stock an "overweight" rating in a research note on Monday, March 10th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Four Corners Property Trust has an average rating of "Moderate Buy" and an average price target 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.