KLP Kapitalforvaltning AS Takes Position in Four Corners Property Trust, Inc. (NYSE:FCPT)

KLP Kapitalforvaltning AS bought a new stake in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 19,100 shares of the financial services provider's stock, valued at approximately $524,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC lifted its position in shares of 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 last quarter. Geode Capital Management LLC lifted its holdings in shares of Four Corners Property Trust by 1.2% in the third quarter. Geode Capital Management LLC now owns 2,357,175 shares of the financial services provider's stock worth $69,101,000 after acquiring an additional 27,552 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of 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 purchasing an additional 11,131 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Four Corners Property Trust by 6.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,612,978 shares of the financial services provider's stock valued at $43,776,000 after purchasing an additional 94,903 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in Four Corners Property Trust during the 4th quarter worth approximately $419,000. Institutional investors own 98.66% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms have weighed in on FCPT. JMP Securities reaffirmed a "market perform" rating on shares of Four Corners Property Trust in a research note on Thursday, February 13th. Wells Fargo & Company boosted their price objective on Four Corners Property Trust from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. Finally, Barclays dropped their target price on 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. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $30.20.

Four Corners Property Trust Trading Down 3.0 %

Shares of Four Corners Property Trust stock traded down $0.80 during trading on Tuesday, hitting $26.00. The company's stock had a trading volume of 1,807,574 shares, compared to its average volume of 609,478. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 24.30 and a beta of 0.93. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11. Four Corners Property Trust, Inc. has a 52 week low of $22.38 and a 52 week high of $30.93. The stock has a 50-day moving average price of $28.09 and a two-hundred day moving average price of $28.23.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last issued its quarterly 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 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 EPS for the current fiscal year.

Four Corners Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 5.46%. The ex-dividend date of this dividend is Monday, March 31st. Four Corners Property Trust's dividend payout ratio is presently 132.71%.

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.