Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its holdings in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 78.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,771 shares of the financial services provider's stock after selling 274,450 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of Four Corners Property Trust worth $2,029,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FCPT. EverSource Wealth Advisors LLC increased its stake in shares of Four Corners Property Trust by 234.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider's stock worth $32,000 after buying an additional 817 shares during the period. Smartleaf Asset Management LLC grew its holdings in Four Corners Property Trust by 165.7% during the 4th 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 purchased a new stake in shares of Four Corners Property Trust in the 4th quarter valued at approximately $48,000. Eagle Bay Advisors LLC raised its holdings in shares of Four Corners Property Trust by 25.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider's stock valued at $58,000 after purchasing an additional 425 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Four Corners Property Trust by 50.4% during the 4th quarter. KBC Group NV now owns 3,702 shares of the financial services provider's stock worth $100,000 after purchasing an additional 1,240 shares during 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 Performance

Shares of FCPT stock traded up $0.47 during mid-day trading on Monday, hitting $28.70. 1,260,557 shares of the stock were exchanged, compared to its average volume of 733,701. Four Corners Property Trust, Inc. has a 12-month low of $22.38 and a 12-month high of $30.93. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 26.82 and a beta of 1.16. The stock's fifty day simple moving average is $28.11 and its two-hundred day simple moving average is $28.37.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping 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, 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. Investors of record on Monday, March 31st will be given a $0.355 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.42 annualized dividend and a yield of 4.95%. Four Corners Property Trust's dividend payout ratio (DPR) is 132.71%.

Analysts Set New Price Targets

Several research firms recently commented on FCPT. JMP Securities reissued a "market perform" rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Wells Fargo & Company increased their price objective on Four Corners Property Trust from $30.00 to $31.00 and gave the company an "overweight" rating in a report on Monday, March 10th. Finally, Barclays decreased their target price on Four Corners Property Trust from $31.00 to $30.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Four Corners Property Trust has a consensus rating of "Moderate Buy" and an average 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.