Mackenzie Financial Corp Sells 3,358 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

Mackenzie Financial Corp lessened its holdings in Four Corners Property Trust, Inc. (NYSE:FCPT) by 22.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,674 shares of the financial services provider’s stock after selling 3,358 shares during the period. Mackenzie Financial Corp’s holdings in Four Corners Property Trust were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in shares of Four Corners Property Trust by 227.7% in the third quarter. SG Americas Securities LLC now owns 64,272 shares of the financial services provider’s stock valued at $1,426,000 after purchasing an additional 44,656 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Four Corners Property Trust by 8.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,431 shares of the financial services provider’s stock worth $1,030,000 after acquiring an additional 3,788 shares during the last quarter. Strs Ohio lifted its position in Four Corners Property Trust by 2.8% during the third quarter. Strs Ohio now owns 18,300 shares of the financial services provider’s stock worth $406,000 after acquiring an additional 500 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Four Corners Property Trust by 6.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,157 shares of the financial services provider’s stock valued at $935,000 after purchasing an additional 2,716 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Four Corners Property Trust by 4.1% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 100,704 shares of the financial services provider’s stock valued at $2,235,000 after purchasing an additional 3,997 shares during the last quarter. Institutional investors and hedge funds own 98.66% of the company’s stock.

Four Corners Property Trust Stock Down 0.2 %

NYSE FCPT opened at $23.44 on Friday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.35. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 21.70 and a beta of 1.00. The company has a 50 day moving average of $23.86 and a 200-day moving average of $23.59. Four Corners Property Trust, Inc. has a 1-year low of $20.51 and a 1-year 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 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.13). The company had revenue of $65.14 million for the quarter, compared to the consensus estimate of $65.23 million. Four Corners Property Trust had a return on equity of 7.78% and a net margin of 38.04%. Four Corners Property Trust’s revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the business earned $0.41 EPS. On average, equities research analysts expect that Four Corners Property Trust, Inc. will post 1.64 earnings per share for the current fiscal year.

Four Corners Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.345 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.38 annualized dividend and a yield of 5.89%. Four Corners Property Trust’s dividend payout ratio is 127.78%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FCPT. Wells Fargo & Company lifted their price target on Four Corners Property Trust from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. Raymond James dropped their target price on Four Corners Property Trust from $29.00 to $28.00 and set an “outperform” rating for the company in a report on Monday, January 8th.

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.