UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 579,849 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 539.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 687,318 shares of the financial services provider's stock after buying an additional 579,849 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.71% of Four Corners Property Trust worth $20,145,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of FCPT. Truvestments Capital LLC acquired a new stake in Four Corners Property Trust in the third quarter worth $51,000. Blue Trust Inc. raised its holdings 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 worth $91,000 after purchasing an additional 3,467 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Four Corners Property Trust by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,570 shares of the financial services provider's stock worth $106,000 after purchasing an additional 921 shares during the period. GAMMA Investing LLC raised its holdings in Four Corners Property Trust by 24.0% in the third 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 period. Finally, Cape ANN Savings Bank acquired a new stake in Four Corners Property Trust in the third quarter worth $200,000. 98.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. 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 report on Wednesday, August 21st. Wells Fargo & Company restated an "overweight" rating and set a $32.00 price objective (up from $28.00) on shares of Four Corners Property Trust in a report on Tuesday, October 1st. Evercore ISI raised their price objective on shares of Four Corners Property Trust from $26.00 to $28.00 and gave the stock an "in-line" rating in a report on Wednesday, August 28th. JMP Securities restated a "market perform" rating on shares of Four Corners Property Trust in a report on Wednesday, August 28th. Finally, UBS Group initiated coverage on shares of Four Corners Property Trust in a report on Thursday, November 14th. They set a "buy" rating and a $33.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.50.

Four Corners Property Trust Stock Down 0.3 %

Four Corners Property Trust stock traded down $0.10 during mid-day trading on Friday, reaching $29.17. The company's stock had a trading volume of 339,417 shares, compared to its average volume of 513,287. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 27.26 and a beta of 1.12. Four Corners Property Trust, Inc. has a 12 month low of $22.38 and a 12 month high of $30.93. The business's 50 day simple moving average is $28.73 and its 200 day simple moving average is $27.33. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 0.17.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.14). The business had revenue of $66.79 million during the quarter, compared to the consensus estimate of $63.50 million. Four Corners Property Trust had a net margin of 37.27% and a return on equity of 7.68%. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the business posted $0.42 EPS. As a group, research analysts anticipate that Four Corners Property Trust, Inc. will post 1.66 earnings per share for the current year.

Four Corners Property Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.355 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.42 dividend on an annualized basis and a yield of 4.87%. This is an increase from Four Corners Property Trust's previous quarterly dividend of $0.35. Four Corners Property Trust's dividend payout ratio (DPR) is 128.97%.

Four Corners Property Trust Company 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.