Mystic Asset Management Inc. Buys Shares of 15,250 Four Corners Property Trust, Inc. (NYSE:FCPT)

Mystic Asset Management Inc. purchased a new position in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,250 shares of the financial services provider's stock, valued at approximately $414,000.

Other hedge funds also recently modified their holdings of the company. William Blair Investment Management LLC raised its holdings in Four Corners Property Trust by 2.4% during the 4th quarter. William Blair Investment Management LLC now owns 1,399,446 shares of the financial services provider's stock valued at $37,981,000 after acquiring an additional 33,450 shares during the period. Signaturefd LLC raised its holdings in Four Corners Property Trust by 10.4% during the 4th quarter. Signaturefd LLC now owns 6,141 shares of the financial services provider's stock valued at $167,000 after acquiring an additional 579 shares during the period. Cibc World Markets Corp bought a new position in shares of Four Corners Property Trust in the fourth quarter worth $245,000. Natixis Advisors LLC increased its holdings in shares of Four Corners Property Trust by 29.1% in the fourth quarter. Natixis Advisors LLC now owns 40,289 shares of the financial services provider's stock worth $1,093,000 after purchasing an additional 9,080 shares during the period. Finally, Swiss National Bank increased its holdings in shares of Four Corners Property Trust by 1.4% in the fourth quarter. Swiss National Bank now owns 182,207 shares of the financial services provider's stock worth $4,945,000 after purchasing an additional 2,600 shares during the period. Institutional investors own 98.66% of the company's stock.

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Analyst Ratings Changes

Several research analysts have recently weighed in on FCPT shares. Wells Fargo & Company upped their price target on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. JMP Securities restated a "market perform" rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Finally, Barclays cut their price target on shares of 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Four Corners Property Trust currently has a consensus rating of "Moderate Buy" and an average target price of $30.20.

Four Corners Property Trust Trading Down 1.4 %

Shares of NYSE:FCPT traded down $0.39 during midday trading on Friday, hitting $28.13. 1,906,506 shares of the stock traded hands, compared to its average volume of 548,854. The stock has a market capitalization of $2.81 billion, a PE ratio of 26.29 and a beta of 1.16. The business's 50 day moving average is $27.99 and its two-hundred day moving average is $28.40. 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 one year low of $22.38 and a one year high of $30.93.

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

Four Corners Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date is Monday, March 31st. Four Corners Property Trust's payout ratio is currently 132.71%.

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.