Quantbot Technologies LP grew its holdings in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 1,464.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,535 shares of the financial services provider's stock after acquiring an additional 51,050 shares during the period. Quantbot Technologies LP owned about 0.06% of Four Corners Property Trust worth $1,480,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also made changes to their positions in the business. SG Americas Securities LLC boosted its holdings in shares of Four Corners Property Trust by 91.2% during the 4th quarter. SG Americas Securities LLC now owns 9,872 shares of the financial services provider's stock valued at $268,000 after purchasing an additional 4,708 shares during the last quarter. Geode Capital Management LLC boosted its stake in Four Corners Property Trust by 1.2% during the third quarter. Geode Capital Management LLC now owns 2,357,175 shares of the financial services provider's stock valued at $69,101,000 after buying an additional 27,552 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Four Corners Property Trust by 1.3% during the 4th quarter. Bank of New York Mellon Corp now owns 891,425 shares of the financial services provider's stock valued at $24,193,000 after buying an additional 11,131 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Four Corners Property Trust by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,612,978 shares of the financial services provider's stock worth $43,776,000 after acquiring an additional 94,903 shares during the last quarter. Finally, Citigroup Inc. increased its stake in Four Corners Property Trust by 21.0% in the 3rd quarter. Citigroup Inc. now owns 201,872 shares of the financial services provider's stock worth $5,917,000 after acquiring an additional 35,059 shares during the last quarter. 98.66% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on FCPT. 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 report on Tuesday, February 4th. Wells Fargo & Company upped their target price on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the company an "overweight" rating in a research report on Monday, March 10th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Four Corners Property Trust has an average rating of "Moderate Buy" and a consensus target price of $30.20.
Check Out Our Latest Stock Analysis on Four Corners Property Trust
Four Corners Property Trust Trading Down 0.5 %
NYSE:FCPT traded down $0.14 during mid-day trading on Tuesday, hitting $28.34. 647,654 shares of the stock traded hands, compared to its average volume of 549,260. 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 52 week low of $22.38 and a 52 week high of $30.93. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 26.49 and a beta of 1.16. The firm's 50 day moving average is $28.05 and its two-hundred day moving average is $28.39.
Four Corners Property Trust (NYSE:FCPT - Get Free Report) last released its 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%. On average, equities research analysts predict 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend is Monday, March 31st. Four Corners Property Trust's dividend payout ratio is currently 132.71%.
About Four Corners Property Trust
(
Free Report)
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.
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