Four Corners Property Trust, Inc. (NYSE:FCPT) Position Boosted by Cerity Partners LLC

Cerity Partners LLC increased its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 3.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 22,654 shares of the financial services provider’s stock after buying an additional 849 shares during the period. Cerity Partners LLC’s holdings in Four Corners Property Trust were worth $573,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its stake in Four Corners Property Trust by 4.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 56,476 shares of the financial services provider’s stock worth $1,429,000 after acquiring an additional 2,286 shares during the period. DekaBank Deutsche Girozentrale raised its stake in Four Corners Property Trust by 180.7% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 58,806 shares of the financial services provider’s stock worth $1,481,000 after acquiring an additional 37,855 shares during the period. Asset Management One Co. Ltd. raised its stake in Four Corners Property Trust by 39.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 278,969 shares of the financial services provider’s stock worth $7,116,000 after acquiring an additional 78,858 shares during the period. Arizona State Retirement System raised its stake in Four Corners Property Trust by 2.2% during the fourth quarter. Arizona State Retirement System now owns 25,318 shares of the financial services provider’s stock worth $641,000 after acquiring an additional 539 shares during the period. Finally, Integrated Investment Consultants LLC acquired a new stake in Four Corners Property Trust during the fourth quarter worth about $270,000. Institutional investors and hedge funds own 98.66% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on FCPT shares. Wells Fargo & Company raised their price target on shares of Four Corners Property Trust from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. Raymond James dropped their price target on shares of Four Corners Property Trust from $29.00 to $28.00 and set an “outperform” rating on the stock in a research note on Monday, January 8th.

Four Corners Property Trust Trading Down 0.2 %

Four Corners Property Trust stock opened at $23.61 on Thursday. The firm has a 50 day simple moving average of $23.85 and a 200-day simple moving average of $23.58. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a market capitalization of $2.17 billion, a PE ratio of 21.74 and a beta of 1.00. Four Corners Property Trust, Inc. has a 12-month low of $20.51 and a 12-month high of $27.60.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings data on Thursday, February 15th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.13). The company had revenue of $65.14 million during the quarter, compared to the consensus estimate of $65.23 million. Four Corners Property Trust had a net margin of 38.04% and a return on equity of 7.78%. The company’s revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the business earned $0.41 earnings per share. As a group, equities research analysts expect that Four Corners Property Trust, Inc. will post 1.64 EPS for the current fiscal year.

Four Corners Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.345 dividend. This represents a $1.38 annualized dividend and a dividend yield of 5.85%. The ex-dividend date of this dividend was Wednesday, March 27th. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 127.78%.

Four Corners Property Trust Company Profile

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.