Quantinno Capital Management LP Purchases 2,114 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

Quantinno Capital Management LP lifted its position in Four Corners Property Trust, Inc. (NYSE:FCPT) by 25.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,511 shares of the financial services provider’s stock after purchasing an additional 2,114 shares during the quarter. Quantinno Capital Management LP’s holdings in Four Corners Property Trust were worth $285,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Four Corners Property Trust by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 10,874,938 shares of the financial services provider’s stock worth $295,146,000 after purchasing an additional 240,230 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Four Corners Property Trust by 2.9% in the 4th quarter. Invesco Ltd. now owns 3,072,755 shares of the financial services provider’s stock worth $83,395,000 after purchasing an additional 85,476 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Four Corners Property Trust by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 2,455,295 shares of the financial services provider’s stock worth $66,651,000 after purchasing an additional 98,120 shares during the last quarter. Capital International Investors grew its holdings in shares of Four Corners Property Trust by 25.4% in the 4th quarter. Capital International Investors now owns 2,267,422 shares of the financial services provider’s stock worth $61,538,000 after purchasing an additional 459,542 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Four Corners Property Trust by 2.7% in the 4th quarter. Principal Financial Group Inc. now owns 1,822,422 shares of the financial services provider’s stock worth $49,463,000 after purchasing an additional 48,319 shares during the last quarter. Institutional investors own 98.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on FCPT shares. UBS Group lowered their target price on shares of Four Corners Property Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, May 13th. Wells Fargo & Company upped 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 report on Monday, March 10th. Barclays decreased their price objective on shares of Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Finally, JMP Securities reissued a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Three equities research 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.60.

Four Corners Property Trust Stock Up 0.2%

Shares of NYSE:FCPT opened at $27.05 on Tuesday. Four Corners Property Trust, Inc. has a 12 month low of $23.70 and a 12 month high of $30.93. The company’s 50-day moving average price is $27.71 and its two-hundred day moving average price is $27.95. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.36. The firm has a market cap of $2.72 billion, a P/E ratio of 25.28 and a beta of 0.86.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Four Corners Property Trust had a net margin of 37.48% and a return on equity of 7.54%. The firm had revenue of $71.48 million for the quarter, compared to analyst estimates of $67.17 million. During the same quarter in the prior year, the firm earned $0.43 EPS. The company’s revenue was up 7.5% on a year-over-year basis. As a group, research analysts forecast that Four Corners Property Trust, Inc. will post 1.68 EPS for the current fiscal year.

Four Corners Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 5.25%. The ex-dividend date was Monday, March 31st. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 132.71%.

Insider Activity

In other news, CAO Niccole Stewart sold 9,100 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $27.28, for a total value of $248,248.00. Following the transaction, the chief accounting officer now owns 31,204 shares of the company’s stock, valued at approximately $851,245.12. This trade represents a 22.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.20% of the company’s stock.

Four Corners Property Trust Company 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.