Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 29.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,708 shares of the financial services provider's stock after buying an additional 22,678 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.10% of Four Corners Property Trust worth $2,733,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its position in shares of 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. Truvestments Capital LLC purchased a new stake in Four Corners Property Trust during the third quarter worth approximately $51,000. Synergy Investment Management LLC acquired a new position in Four Corners Property Trust in the fourth quarter valued at approximately $48,000. Eagle Bay Advisors LLC increased its stake in 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 valued at $58,000 after purchasing an additional 425 shares during the last quarter. Finally, KBC Group NV raised its holdings in Four Corners Property Trust by 50.4% during the fourth 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 in the last quarter. 98.66% of the stock is currently owned by institutional investors and hedge funds.

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Four Corners Property Trust Stock Performance

NYSE:FCPT traded up $0.02 during trading hours on Wednesday, reaching $28.09. 1,022,361 shares of the company's stock were exchanged, compared to its average volume of 701,429. Four Corners Property Trust, Inc. has a 1-year low of $22.38 and a 1-year high of $30.93. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 26.25 and a beta of 1.16. The company has a 50-day moving average of $27.89 and a 200 day moving average of $28.40.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last announced its earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate 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%. Research analysts anticipate that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Four Corners Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.355 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.42 annualized dividend and a dividend yield of 5.06%. Four Corners Property Trust's dividend payout ratio (DPR) is currently 132.71%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Wells Fargo & Company increased 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. JMP Securities reaffirmed a "market perform" rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Finally, Barclays cut their target price on 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. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Four Corners Property Trust presently has a consensus rating of "Moderate Buy" and a consensus target price 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.