Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 312.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 37,220 shares of the financial services provider’s stock after purchasing an additional 28,188 shares during the quarter. Teacher Retirement System of Texas’ holdings in Four Corners Property Trust were worth $1,010,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in shares of Four Corners Property Trust by 234.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider’s stock worth $32,000 after buying an additional 817 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Four Corners Property Trust by 165.7% in 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 during the period. VSM Wealth Advisory LLC acquired a new stake in Four Corners Property Trust in the fourth quarter valued at approximately $39,000. Synergy Investment Management LLC purchased a new stake in shares of Four Corners Property Trust during the fourth quarter valued at approximately $48,000. Finally, Eagle Bay Advisors LLC boosted its stake in shares of 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 period. Hedge funds and other institutional investors own 98.66% of the company’s stock.

Four Corners Property Trust Stock Up 0.2 %

NYSE:FCPT opened at $28.52 on Friday. 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 company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 26.65 and a beta of 1.16. Four Corners Property Trust, Inc. has a one year low of $22.38 and a one year high of $30.93. The stock has a 50-day simple moving average of $28.11 and a 200 day simple moving average of $28.37.

Four Corners Property Trust (NYSE:FCPT) last issued its 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%. Sell-side analysts predict that Four Corners Property Trust, Inc. will post 1.68 EPS for the current fiscal year.

Four Corners Property Trust Dividend Announcement

The firm 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 dividend of $0.355 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.42 annualized dividend and a yield of 4.98%. Four Corners Property Trust’s payout ratio is 132.71%.

Analyst Ratings Changes

Several research firms recently issued reports on FCPT. Barclays dropped their price target 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 note on Tuesday, February 4th. Wells Fargo & Company lifted their target price on Four Corners Property Trust from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. Finally, JMP Securities reissued a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.