Four Corners Property Trust, Inc. (NYSE:FCPT) Holdings Raised by Jane Street Group LLC

Jane Street Group LLC grew its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 212.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255,275 shares of the financial services provider's stock after acquiring an additional 173,598 shares during the period. Jane Street Group LLC owned about 0.26% of Four Corners Property Trust worth $7,482,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. FMR LLC boosted its holdings in shares of Four Corners Property Trust by 30.6% in the 3rd quarter. FMR LLC now owns 13,930,746 shares of the financial services provider's stock valued at $408,310,000 after buying an additional 3,268,064 shares during the period. Heitman Real Estate Securities LLC acquired a new position in shares of Four Corners Property Trust during the third quarter valued at $24,863,000. Earnest Partners LLC grew its position in shares of Four Corners Property Trust by 31.3% during the second quarter. Earnest Partners LLC now owns 3,188,779 shares of the financial services provider's stock worth $78,667,000 after acquiring an additional 759,749 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Four Corners Property Trust by 539.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 687,318 shares of the financial services provider's stock valued at $20,145,000 after purchasing an additional 579,849 shares during the period. Finally, Bank of Montreal Can grew its holdings in Four Corners Property Trust by 1,867.7% in the 3rd quarter. Bank of Montreal Can now owns 228,987 shares of the financial services provider's stock worth $6,771,000 after buying an additional 217,350 shares in the last quarter. Institutional investors and hedge funds own 98.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company restated an "overweight" rating and set a $32.00 price objective (up from $28.00) on shares of Four Corners Property Trust in a research note on Tuesday, October 1st. UBS Group began coverage on shares of Four Corners Property Trust in a research note on Thursday, November 14th. They issued a "buy" rating and a $33.00 price target for the company. Raymond James raised their price objective on shares of Four Corners Property Trust from $27.00 to $29.00 and gave the company an "outperform" rating in a research note on Wednesday, August 21st. Evercore ISI upped their target price on Four Corners Property Trust from $26.00 to $28.00 and gave the stock an "in-line" rating in a research report on Wednesday, August 28th. Finally, JMP Securities reissued a "market perform" rating on shares of Four Corners Property Trust in a research note on Tuesday, December 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $30.50.

Four Corners Property Trust Price Performance

Shares of NYSE:FCPT traded down $0.18 on Friday, reaching $28.73. 843,821 shares of the company traded hands, compared to its average volume of 513,345. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a market capitalization of $2.78 billion, a PE ratio of 26.85 and a beta of 1.12. The company's 50 day moving average is $28.73 and its 200-day moving average is $27.54. Four Corners Property Trust, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $30.93.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.14). The company had revenue of $66.79 million during the quarter, compared to analyst estimates of $63.50 million. Four Corners Property Trust had a net margin of 37.27% and a return on equity of 7.68%. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 EPS. As a group, analysts anticipate that Four Corners Property Trust, Inc. will post 1.66 earnings per share for the current fiscal year.

Four Corners Property Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Four Corners Property Trust's previous quarterly dividend of $0.35. Four Corners Property Trust's dividend payout ratio is 128.97%.

About Four Corners Property Trust

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.