New Age Alpha Advisors LLC Makes New Investment in Four Corners Property Trust, Inc. (NYSE:FCPT)

New Age Alpha Advisors LLC bought a new stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 137,049 shares of the financial services provider's stock, valued at approximately $3,720,000. New Age Alpha Advisors LLC owned approximately 0.14% of Four Corners Property Trust as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in Four Corners Property Trust by 30.6% during the 3rd quarter. FMR LLC now owns 13,930,746 shares of the financial services provider's stock worth $408,310,000 after acquiring an additional 3,268,064 shares during the last quarter. Heitman Real Estate Securities LLC bought a new stake in Four Corners Property Trust during the 3rd quarter worth approximately $24,863,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Four Corners Property Trust by 539.6% during the third 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 worth $20,145,000 after acquiring an additional 579,849 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Four Corners Property Trust during the fourth quarter worth about $12,845,000. Finally, Norges Bank bought a new stake in shares of Four Corners Property Trust in the fourth quarter worth $7,254,000. 98.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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Four Corners Property Trust Price Performance

FCPT stock traded up $0.12 during mid-day trading on Monday, hitting $28.70. The stock had a trading volume of 1,260,557 shares, compared to its average volume of 586,114. The firm has a fifty day simple moving average of $28.13 and a 200 day simple moving average of $28.36. The firm has a market capitalization of $2.87 billion, a P/E ratio of 26.82 and a beta of 1.16. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36. Four Corners Property Trust, Inc. has a 52 week low of $22.38 and a 52 week high of $30.93.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.44 EPS for the quarter, beating analysts' consensus estimates 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%. As a group, research analysts forecast that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Four Corners Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 4.95%. The ex-dividend date is Monday, March 31st. Four Corners Property Trust's dividend payout ratio (DPR) is presently 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.