Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Stock Holdings in Four Corners Property Trust, Inc. (NYSE:FCPT)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Four Corners Property Trust, Inc. (NYSE:FCPT) by 45.0% during the fourth quarter, HoldingsChannel reports. The firm owned 51,799 shares of the financial services provider’s stock after buying an additional 16,064 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Four Corners Property Trust were worth $1,406,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in shares of Four Corners Property Trust by 234.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider’s stock valued at $32,000 after buying an additional 817 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in 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 valued at $38,000 after acquiring an additional 860 shares during the last quarter. VSM Wealth Advisory LLC purchased a new stake in Four Corners Property Trust during the fourth quarter valued at about $39,000. Synergy Investment Management LLC bought a new stake in Four Corners Property Trust during the fourth quarter worth about $48,000. Finally, Truvestments Capital LLC purchased a new position in shares of Four Corners Property Trust in the 3rd quarter worth about $51,000. 98.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FCPT. Barclays decreased their price objective on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. JMP Securities restated a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Finally, 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 report on Monday, March 10th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.20.

Four Corners Property Trust Stock Performance

Shares of FCPT stock opened at $28.34 on Wednesday. The company has a market capitalization of $2.83 billion, a P/E ratio of 26.49 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 quick ratio of 0.11 and a current ratio of 0.11. The stock has a 50 day moving average price of $28.05 and a two-hundred day moving average price of $28.39.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly 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 net margin of 37.48% and a return on equity of 7.54%. Analysts expect that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current year.

Four Corners Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued 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 dividend yield of 5.01%. Four Corners Property Trust’s dividend payout ratio is currently 132.71%.

Four Corners Property Trust Company 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.