Charles Schwab Investment Management Inc. Raises Stake in Four Corners Property Trust, Inc. (NYSE:FCPT)

Charles Schwab Investment Management Inc. lifted its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 6.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,612,978 shares of the financial services provider’s stock after purchasing an additional 94,903 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.67% of Four Corners Property Trust worth $43,776,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. FMR LLC boosted its holdings in Four Corners Property Trust by 30.6% in the 3rd quarter. FMR LLC now owns 13,930,746 shares of the financial services provider’s stock worth $408,310,000 after acquiring an additional 3,268,064 shares during the period. Heitman Real Estate Securities LLC purchased a new position in Four Corners Property Trust in the 3rd quarter worth approximately $24,863,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Four Corners Property Trust by 539.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 687,318 shares of the financial services provider’s stock worth $20,145,000 after acquiring an additional 579,849 shares during the period. Bank of Montreal Can boosted its holdings in Four Corners Property Trust by 1,867.7% in the 3rd quarter. Bank of Montreal Can now owns 228,987 shares of the financial services provider’s stock worth $6,771,000 after acquiring an additional 217,350 shares during the period. Finally, Jane Street Group LLC boosted its holdings in Four Corners Property Trust by 212.5% in the 3rd quarter. Jane Street Group LLC now owns 255,275 shares of the financial services provider’s stock worth $7,482,000 after acquiring an additional 173,598 shares during the period. Hedge funds and other institutional investors own 98.66% of the company’s stock.

Four Corners Property Trust Stock Performance

Four Corners Property Trust stock opened at $27.95 on Friday. The stock has a market cap of $2.79 billion, a P/E ratio of 26.12 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 stock has a 50 day moving average of $27.83 and a 200-day moving average of $28.40. Four Corners Property Trust, Inc. has a 52 week low of $22.38 and a 52 week high of $30.93.

Four Corners Property Trust (NYSE:FCPT) last released its earnings results on Wednesday, February 12th. The financial services provider reported $0.44 EPS for the quarter, beating 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%. On average, analysts expect that Four Corners Property Trust, Inc. will post 1.68 EPS for the current fiscal year.

Four Corners Property Trust Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend is Monday, March 31st. Four Corners Property Trust’s dividend payout ratio is currently 132.71%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. 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 report on Monday, March 10th. Barclays decreased their price target on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating for the company in a 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Four Corners Property Trust 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.