Natixis Advisors LLC Raises Stock Position in Four Corners Property Trust, Inc. (NYSE:FCPT)

Natixis Advisors LLC lifted its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 29.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,289 shares of the financial services provider’s stock after acquiring an additional 9,080 shares during the quarter. Natixis Advisors LLC’s holdings in Four Corners Property Trust were worth $1,093,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in Four Corners Property Trust by 234.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 817 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Four Corners Property Trust by 165.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the financial services provider’s stock valued at $38,000 after buying an additional 860 shares in the last quarter. Synergy Investment Management LLC acquired a new position in shares of Four Corners Property Trust during the 4th quarter worth $48,000. Truvestments Capital LLC purchased a new stake in shares of Four Corners Property Trust in the 3rd quarter worth about $51,000. Finally, Eagle Bay Advisors LLC grew its stake in Four Corners Property Trust by 25.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 425 shares during the last quarter. Institutional investors and hedge funds own 98.66% of the company’s stock.

Four Corners Property Trust Stock Down 0.5 %

FCPT stock opened at $28.34 on Wednesday. The company has a 50 day moving average price of $28.05 and a two-hundred day moving average price of $28.39. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a market capitalization of $2.83 billion, a P/E ratio of 26.49 and a beta of 1.16. Four Corners Property Trust, Inc. has a one year low of $22.38 and a one year high of $30.93.

Four Corners Property Trust (NYSE:FCPT) last released its earnings results on Wednesday, February 12th. The financial services provider reported $0.44 EPS 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, sell-side analysts expect that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Four Corners Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.355 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.42 annualized dividend and a dividend yield of 5.01%. Four Corners Property Trust’s dividend payout ratio is presently 132.71%.

Wall Street Analysts Forecast Growth

FCPT has been the topic of several recent research reports. JMP Securities reaffirmed a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Wells Fargo & Company increased their target price on Four Corners Property Trust from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, March 10th. Finally, Barclays cut their price target on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.20.

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.