Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Sold by Bank of Montreal Can

Bank of Montreal Can trimmed its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 87.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,384 shares of the financial services provider's stock after selling 199,603 shares during the quarter. Bank of Montreal Can's holdings in Four Corners Property Trust were worth $797,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in shares of Four Corners Property Trust by 234.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 817 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Four Corners Property Trust by 165.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 860 shares during the last quarter. VSM Wealth Advisory LLC purchased a new position in Four Corners Property Trust in the 4th quarter valued at $39,000. Synergy Investment Management LLC acquired a new stake in Four Corners Property Trust during the 4th quarter worth $48,000. Finally, Eagle Bay Advisors LLC grew its holdings in shares of Four Corners Property Trust by 25.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider's stock worth $58,000 after buying an additional 425 shares in the last quarter. Hedge funds and other institutional investors own 98.66% of the company's stock.

Analyst Upgrades and Downgrades

FCPT has been the topic of a number of recent research reports. JMP Securities restated a "market perform" rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Wells Fargo & Company upped their price target on Four Corners Property Trust from $30.00 to $31.00 and gave the company an "overweight" rating in a research report on Monday, March 10th. Finally, Barclays reduced their price objective on Four Corners Property Trust from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.20.

Four Corners Property Trust Price Performance

Shares of NYSE FCPT traded down $0.35 on Thursday, hitting $28.06. The company's stock had a trading volume of 58,070 shares, compared to its average volume of 613,388. The stock has a 50 day moving average of $28.06 and a 200-day moving average of $28.11. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 26.22 and a beta of 0.93. Four Corners Property Trust, Inc. has a 12-month low of $23.25 and a 12-month high of $30.93. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last posted its earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, research analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date of this dividend was Monday, March 31st. Four Corners Property Trust's dividend payout ratio is presently 132.71%.

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.