Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Bought by Centersquare Investment Management LLC

Centersquare Investment Management LLC lifted its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,666 shares of the financial services provider’s stock after acquiring an additional 1,120 shares during the period. Centersquare Investment Management LLC’s holdings in Four Corners Property Trust were worth $588,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. 1620 Investment Advisors Inc. increased its position in Four Corners Property Trust by 4.1% during the fourth quarter. 1620 Investment Advisors Inc. now owns 9,138 shares of the financial services provider’s stock worth $248,000 after purchasing an additional 363 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Four Corners Property Trust by 1.5% during the 4th quarter. Arizona State Retirement System now owns 26,893 shares of the financial services provider’s stock valued at $730,000 after buying an additional 406 shares during the period. Eagle Bay Advisors LLC increased its holdings in shares of Four Corners Property Trust by 25.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider’s stock worth $58,000 after buying an additional 425 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Four Corners Property Trust by 1.0% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 45,170 shares of the financial services provider’s stock worth $1,226,000 after buying an additional 469 shares during the period. Finally, Signaturefd LLC boosted its holdings in Four Corners Property Trust by 10.4% in the fourth quarter. Signaturefd LLC now owns 6,141 shares of the financial services provider’s stock valued at $167,000 after acquiring an additional 579 shares during the last quarter. 98.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on FCPT. Wells Fargo & Company upped their price target on Four Corners Property Trust from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. Barclays dropped their target price 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, JMP Securities restated a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.20.

Four Corners Property Trust Trading Down 0.3 %

Shares of FCPT opened at $28.37 on Friday. Four Corners Property Trust, Inc. has a 12 month low of $22.38 and a 12 month high of $30.93. The stock’s 50-day moving average is $28.19 and its two-hundred day moving average is $28.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11. The stock has a market cap of $2.84 billion, a PE ratio of 26.51 and a beta of 0.93.

Four Corners Property Trust (NYSE:FCPT) last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate 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%. Equities 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.355 per share. The ex-dividend date of this dividend 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 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.