Boston Trust Walden Corp Acquires 115,924 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

Boston Trust Walden Corp raised its position in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 9.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,332,684 shares of the financial services provider's stock after buying an additional 115,924 shares during the period. Boston Trust Walden Corp owned 1.45% of Four Corners Property Trust worth $39,061,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of FCPT. Larson Financial Group LLC boosted its holdings in shares of Four Corners Property Trust by 25,000.0% in the 1st quarter. Larson Financial Group LLC now owns 1,004 shares of the financial services provider's stock worth $25,000 after buying an additional 1,000 shares during the last quarter. Covestor Ltd raised its position in Four Corners Property Trust by 23.2% in the first quarter. Covestor Ltd now owns 2,493 shares of the financial services provider's stock worth $61,000 after acquiring an additional 470 shares during the period. Blue Trust Inc. boosted its stake in Four Corners Property Trust by 1,469.1% in the second quarter. Blue Trust Inc. now owns 3,703 shares of the financial services provider's stock valued at $91,000 after acquiring an additional 3,467 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Four Corners Property Trust by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,570 shares of the financial services provider's stock valued at $106,000 after acquiring an additional 921 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Four Corners Property Trust by 24.0% during the 3rd quarter. GAMMA Investing LLC now owns 4,205 shares of the financial services provider's stock worth $123,000 after purchasing an additional 814 shares during the last quarter. Institutional investors own 98.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Evercore ISI upped their price objective on Four Corners Property Trust from $26.00 to $28.00 and gave the company an "in-line" rating in a research note on Wednesday, August 28th. Wells Fargo & Company reiterated an "overweight" rating and set a $32.00 price target (up previously from $28.00) on shares of Four Corners Property Trust in a research note on Tuesday, October 1st. JMP Securities restated a "market perform" rating on shares of Four Corners Property Trust in a research note on Wednesday, August 28th. Finally, Raymond James increased their target price on shares of Four Corners Property Trust from $27.00 to $29.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 21st.

Four Corners Property Trust Stock Performance

Shares of NYSE:FCPT traded down $0.85 during trading on Friday, hitting $28.24. 385,727 shares of the company were exchanged, compared to its average volume of 391,283. Four Corners Property Trust, Inc. has a 52-week low of $20.51 and a 52-week high of $30.93. The stock has a 50 day moving average of $28.95 and a 200 day moving average of $26.39. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.13 and a quick ratio of 0.13. The company has a market cap of $2.62 billion, a PE ratio of 26.39 and a beta of 1.10.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.14). The company had revenue of $66.48 million during the quarter, compared to the consensus estimate of $63.70 million. Four Corners Property Trust had a return on equity of 7.72% and a net margin of 37.01%. During the same quarter in the prior year, the business earned $0.42 EPS. The firm's revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, equities research analysts predict that Four Corners Property Trust, Inc. will post 1.66 EPS for the current year.

Four Corners Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.345 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.38 annualized dividend and a yield of 4.89%. Four Corners Property Trust's dividend payout ratio is currently 128.97%.

Four Corners Property Trust Profile

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.