27,100 Shares in Four Corners Property Trust, Inc. (NYSE:FCPT) Purchased by Natixis

Natixis acquired a new stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 27,100 shares of the financial services provider's stock, valued at approximately $735,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. 1620 Investment Advisors Inc. grew its position in Four Corners Property Trust by 4.1% during the fourth quarter. 1620 Investment Advisors Inc. now owns 9,138 shares of the financial services provider's stock valued at $248,000 after acquiring an additional 363 shares during the period. Arizona State Retirement System lifted its stake in shares of Four Corners Property Trust by 1.5% in the 4th quarter. Arizona State Retirement System now owns 26,893 shares of the financial services provider's stock valued at $730,000 after purchasing an additional 406 shares in the last quarter. Eagle Bay Advisors LLC grew its holdings in shares of Four Corners Property Trust by 25.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider's stock worth $58,000 after purchasing an additional 425 shares during the period. Mariner LLC increased its position in Four Corners Property Trust by 2.8% during the 4th quarter. Mariner LLC now owns 17,098 shares of the financial services provider's stock worth $464,000 after purchasing an additional 467 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in Four Corners Property Trust by 1.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 45,170 shares of the financial services provider's stock valued at $1,226,000 after buying an additional 469 shares during the period. 98.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. JMP Securities reissued a "market perform" rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Barclays lowered 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. Finally, Wells Fargo & Company upped their target price on 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Four Corners Property Trust has a consensus rating of "Moderate Buy" and a consensus target price of $30.20.

Four Corners Property Trust Stock Down 0.2 %

NYSE:FCPT traded down $0.05 on Tuesday, reaching $27.83. The stock had a trading volume of 97,571 shares, compared to its average volume of 616,424. Four Corners Property Trust, Inc. has a 12-month low of $23.25 and a 12-month high of $30.93. The stock has a market cap of $2.78 billion, a P/E ratio of 25.99 and a beta of 0.93. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $28.06 and a 200 day moving average of $28.09.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts predict that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current year.

Four Corners Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.355 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.42 annualized dividend and a yield of 5.10%. Four Corners Property Trust's dividend payout ratio is presently 132.71%.

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.