Vanguard Group Inc. Increases Stock Holdings in Four Corners Property Trust, Inc. (NYSE:FCPT)

Vanguard Group Inc. increased its holdings in Four Corners Property Trust, Inc. (NYSE:FCPT) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,874,938 shares of the financial services provider’s stock after buying an additional 240,230 shares during the period. Vanguard Group Inc. owned about 11.24% of Four Corners Property Trust worth $295,146,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its holdings 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 acquiring an additional 817 shares during the last quarter. Smartleaf Asset Management LLC raised its stake 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 valued at $38,000 after purchasing an additional 860 shares during the last quarter. VSM Wealth Advisory LLC purchased a new position in Four Corners Property Trust in the 4th quarter valued at about $39,000. Synergy Investment Management LLC acquired a new stake in shares of Four Corners Property Trust during the 4th quarter worth about $48,000. 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 buying an additional 425 shares in the last quarter. 98.66% of the stock is owned by institutional investors and hedge funds.

Four Corners Property Trust Stock Down 2.5 %

Shares of FCPT opened at $27.66 on Friday. The firm has a market cap of $2.77 billion, a PE ratio of 25.85 and a beta of 0.93. 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 company’s fifty day moving average is $28.19 and its two-hundred day moving average is $28.33. Four Corners Property Trust, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $30.93.

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

Four Corners Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date of this dividend is Monday, March 31st. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 132.71%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Barclays reduced their price objective 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. 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 lifted their price objective on 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.