Four Corners Property Trust, Inc. (NYSE:FCPT) Stock Holdings Increased by Marshall Wace LLP

Marshall Wace LLP raised its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 14.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 606,053 shares of the financial services provider’s stock after buying an additional 75,911 shares during the quarter. Marshall Wace LLP owned about 0.66% of Four Corners Property Trust worth $14,951,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FCPT. Public Sector Pension Investment Board raised its position in shares of Four Corners Property Trust by 9.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 202,401 shares of the financial services provider’s stock valued at $4,993,000 after acquiring an additional 16,767 shares in the last quarter. Hsbc Holdings PLC increased its stake in Four Corners Property Trust by 13.4% during the second quarter. Hsbc Holdings PLC now owns 83,144 shares of the financial services provider’s stock valued at $2,047,000 after purchasing an additional 9,833 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Four Corners Property Trust by 6.1% during the second quarter. Renaissance Technologies LLC now owns 93,400 shares of the financial services provider’s stock worth $2,304,000 after purchasing an additional 5,400 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Four Corners Property Trust by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,324,966 shares of the financial services provider’s stock worth $32,687,000 after buying an additional 51,140 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Four Corners Property Trust by 8.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 471,955 shares of the financial services provider’s stock valued at $11,643,000 after buying an additional 34,980 shares during the period. Institutional investors own 98.66% of the company’s stock.

Analyst Ratings Changes

FCPT has been the topic of several research reports. Wells Fargo & Company upgraded shares of Four Corners Property Trust to a “strong-buy” rating in a research note on Monday, August 12th. Raymond James raised their price target on Four Corners Property Trust from $27.00 to $29.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. JMP Securities restated a “market perform” rating on shares of Four Corners Property Trust in a research note on Wednesday, August 28th. Finally, Evercore ISI raised their target price on Four Corners Property Trust from $26.00 to $28.00 and gave the company an “in-line” rating in a research note on Wednesday, August 28th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.00.

Four Corners Property Trust Stock Up 0.4 %

FCPT opened at $29.57 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.13 and a quick ratio of 0.13. Four Corners Property Trust, Inc. has a 12 month low of $20.51 and a 12 month high of $30.93. The stock’s 50 day moving average price is $28.19 and its 200 day moving average price is $25.68. The stock has a market cap of $2.72 billion, a P/E ratio of 27.64 and a beta of 1.10.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.14). The company had revenue of $66.48 million for the quarter, compared to the consensus estimate of $63.70 million. Four Corners Property Trust had a net margin of 37.01% and a return on equity of 7.72%. Four Corners Property Trust’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.42 earnings per share. As a group, research analysts predict that Four Corners Property Trust, Inc. will post 1.66 earnings per share for the current year.

Four Corners Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.345 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 4.67%. Four Corners Property Trust’s dividend payout ratio is presently 128.97%.

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.