Natixis Advisors LLC Grows Stake in Four Corners Property Trust, Inc. (NYSE:FCPT)

Natixis Advisors LLC increased its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 29.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,289 shares of the financial services provider’s stock after purchasing an additional 9,080 shares during the quarter. Natixis Advisors LLC’s holdings in Four Corners Property Trust were worth $1,093,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in 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 purchasing an additional 817 shares in the last quarter. Smartleaf Asset Management LLC raised its stake 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 Four Corners Property Trust in the fourth quarter valued at $48,000. Truvestments Capital LLC acquired a new position in Four Corners Property Trust in the third quarter valued at $51,000. Finally, Eagle Bay Advisors LLC grew its holdings in shares of Four Corners Property Trust by 25.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 425 shares during the last quarter. 98.66% of the stock is owned by institutional investors and hedge funds.

Four Corners Property Trust Trading Down 0.5 %

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. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $28.05 and its two-hundred day moving average is $28.39. Four Corners Property Trust, Inc. has a twelve month low of $22.38 and a twelve month high of $30.93.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share 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%. Equities analysts forecast that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Four Corners Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid 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 (DPR) is 132.71%.

Wall Street Analyst Weigh In

FCPT has been the subject of several research reports. Wells Fargo & Company boosted their target price 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. JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a research note on Thursday, February 13th. Finally, Barclays lowered their target price on shares of 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 investment analysts have rated the stock with a hold rating and three have given 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 target price of $30.20.

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.