Raymond James Financial Inc. Invests $12.85 Million in Four Corners Property Trust, Inc. (NYSE:FCPT)

Raymond James Financial Inc. purchased a new position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 473,301 shares of the financial services provider's stock, valued at approximately $12,845,000. Raymond James Financial Inc. owned about 0.49% of Four Corners Property Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in shares of Four Corners Property Trust by 165.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the financial services provider's stock worth $38,000 after acquiring an additional 860 shares in the last quarter. Synergy Investment Management LLC acquired a new stake in shares of Four Corners Property Trust in the fourth quarter worth $48,000. Truvestments Capital LLC acquired a new stake in shares of Four Corners Property Trust in the third quarter worth $51,000. Eagle Bay Advisors LLC increased its position in shares of Four Corners Property Trust by 25.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider's stock worth $58,000 after acquiring an additional 425 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Four Corners Property Trust by 50.4% in the fourth quarter. KBC Group NV now owns 3,702 shares of the financial services provider's stock worth $100,000 after acquiring an additional 1,240 shares in the last quarter. Institutional investors and hedge funds own 98.66% of the company's stock.

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Four Corners Property Trust Stock Down 1.4 %

FCPT traded down $0.39 during trading hours on Friday, reaching $28.13. 1,906,506 shares of the stock traded hands, compared to its average volume of 548,687. The firm's fifty day simple moving average is $27.99 and its two-hundred day simple moving average is $28.40. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 26.29 and a beta of 1.16. Four Corners Property Trust, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $30.93. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last posted its quarterly earnings data 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 net margin of 37.48% and a return on equity of 7.54%. As a group, analysts forecast that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Four Corners Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.355 per share. The ex-dividend date is Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a yield of 5.05%. Four Corners Property Trust's dividend payout ratio (DPR) is 132.71%.

Analysts Set New Price Targets

Several research firms have recently issued reports on FCPT. JMP Securities reissued a "market perform" rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Barclays dropped 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. Finally, Wells Fargo & Company raised their price target on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the company an "overweight" rating in a report on Monday, March 10th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Four Corners Property Trust presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.20.

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.