Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC raised its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 29.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 40,289 shares of the financial services provider's stock after buying an additional 9,080 shares during the quarter. Natixis Advisors LLC's holdings in Four Corners Property Trust were worth $1,093,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Swiss National Bank lifted its position in Four Corners Property Trust by 1.4% during the fourth quarter. Swiss National Bank now owns 182,207 shares of the financial services provider's stock valued at $4,945,000 after purchasing an additional 2,600 shares during the period. Avantax Advisory Services Inc. increased its stake in Four Corners Property Trust by 1.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 43,434 shares of the financial services provider's stock worth $1,179,000 after buying an additional 736 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Four Corners Property Trust by 234.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider's stock worth $32,000 after buying an additional 817 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Four Corners Property Trust by 4.8% during the 4th quarter. HighTower Advisors LLC now owns 16,288 shares of the financial services provider's stock worth $442,000 after purchasing an additional 750 shares during the last quarter. Finally, Inspire Advisors LLC grew its holdings in Four Corners Property Trust by 56.7% in the 4th quarter. Inspire Advisors LLC now owns 12,093 shares of the financial services provider's stock valued at $328,000 after buying an additional 4,375 shares in the last quarter. Hedge funds and other institutional investors own 98.66% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

Several research analysts recently weighed in on FCPT shares. JMP Securities reiterated a "market perform" rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Wells Fargo & Company raised 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 reduced their price target 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Four Corners Property Trust presently has an average rating of "Moderate Buy" and a consensus target price of $30.20.

Four Corners Property Trust Stock Up 0.2 %

NYSE FCPT traded up $0.05 during trading on Friday, reaching $28.52. 420,284 shares of the company's stock were exchanged, compared to its average volume of 583,416. The company has a 50 day moving average price of $28.11 and a two-hundred day moving average price of $28.37. The stock has a market cap of $2.85 billion, a P/E ratio of 26.65 and a beta of 1.16. Four Corners Property Trust, Inc. has a 1 year low of $22.38 and a 1 year high of $30.93. 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 (NYSE:FCPT - Get Free Report) last posted its earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share for the quarter, topping 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%. On average, 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date of this dividend is Monday, March 31st. Four Corners Property Trust's dividend payout ratio (DPR) is 132.71%.

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.