Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Bought by LPL Financial LLC

LPL Financial LLC increased its stake in Four Corners Property Trust, Inc. (NYSE:FCPT) by 10.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,783 shares of the financial services provider’s stock after acquiring an additional 2,721 shares during the quarter. LPL Financial LLC’s holdings in Four Corners Property Trust were worth $781,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. KLP Kapitalforvaltning AS purchased a new stake in Four Corners Property Trust during the fourth quarter valued at about $524,000. Sei Investments Co. acquired a new position in Four Corners Property Trust in the 4th quarter worth approximately $229,000. American Century Companies Inc. grew its position in Four Corners Property Trust by 3.3% during the 4th quarter. American Century Companies Inc. now owns 26,379 shares of the financial services provider’s stock worth $716,000 after purchasing an additional 841 shares in the last quarter. Quantbot Technologies LP raised its stake in Four Corners Property Trust by 1,464.8% during the 4th quarter. Quantbot Technologies LP now owns 54,535 shares of the financial services provider’s stock valued at $1,480,000 after purchasing an additional 51,050 shares during the period. Finally, 1620 Investment Advisors Inc. lifted its holdings in shares of Four Corners Property Trust by 4.1% in the fourth quarter. 1620 Investment Advisors Inc. now owns 9,138 shares of the financial services provider’s stock valued at $248,000 after purchasing an additional 363 shares in the last quarter. 98.66% of the stock is owned by institutional investors and hedge funds.

Four Corners Property Trust Stock Performance

FCPT stock opened at $28.39 on Tuesday. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 26.53 and a beta of 0.93. The firm has a 50 day moving average of $28.04 and a two-hundred day moving average of $28.11. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.36. Four Corners Property Trust, Inc. has a 12 month low of $22.89 and a 12 month high of $30.93.

Four Corners Property Trust (NYSE:FCPT) last posted its earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share 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%. As a group, equities analysts anticipate 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 was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend was Monday, March 31st. Four Corners Property Trust’s dividend payout ratio is 132.71%.

Analyst Ratings Changes

Several brokerages recently issued reports on FCPT. Barclays reduced their price objective on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a research note on Thursday, February 13th. Finally, Wells Fargo & Company increased their target price on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the stock 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 issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.