Nomura Asset Management Co. Ltd. Has $3.52 Million Holdings in Four Corners Property Trust, Inc. (NYSE:FCPT)

Nomura Asset Management Co. Ltd. boosted its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 11.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 129,500 shares of the financial services provider's stock after purchasing an additional 13,020 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.13% of Four Corners Property Trust worth $3,515,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FCPT. Heitman Real Estate Securities LLC acquired a new position in shares of Four Corners Property Trust in the 3rd quarter worth approximately $24,863,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Four Corners Property Trust by 539.6% in 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 last quarter. Raymond James Financial Inc. bought a new position in Four Corners Property Trust in the 4th quarter valued at $12,845,000. Norges Bank bought a new stake in shares of Four Corners Property Trust during the fourth quarter worth $7,254,000. Finally, Vanguard Group Inc. increased its stake in shares of Four Corners Property Trust by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 10,874,938 shares of the financial services provider's stock valued at $295,146,000 after buying an additional 240,230 shares in the last quarter. 98.66% of the stock is currently owned by institutional investors and hedge funds.

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Four Corners Property Trust Trading Down 0.3 %

Shares of FCPT traded down $0.10 on Thursday, reaching $28.37. 1,733,585 shares of the company's stock were exchanged, compared to its average volume of 592,962. The business has a 50 day moving average price of $28.19 and a two-hundred day moving average price of $28.35. Four Corners Property Trust, Inc. has a 12 month low of $22.38 and a 12 month high of $30.93. The stock has a market capitalization of $2.84 billion, a P/E ratio of 26.51 and a beta of 0.93. 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 (NYSE:FCPT - Get Free Report) last issued its earnings results 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%. Research analysts anticipate that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current year.

Four Corners Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 5.01%. The ex-dividend date of this dividend is Monday, March 31st. Four Corners Property Trust's payout ratio is 132.71%.

Analyst Ratings Changes

Several research analysts recently issued reports 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. Barclays reduced their target price 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 report on Tuesday, February 4th. Finally, Wells Fargo & Company boosted their price objective on shares of 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $30.20.

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.