Beacon Pointe Advisors LLC Acquires Shares of 11,941 Four Corners Property Trust, Inc. (NYSE:FCPT)

Beacon Pointe Advisors LLC purchased a new stake in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,941 shares of the financial services provider's stock, valued at approximately $324,000.

Several other large investors also recently modified their holdings of FCPT. Vanguard Group Inc. increased its position in shares of Four Corners Property Trust by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 10,874,938 shares of the financial services provider's stock worth $295,146,000 after acquiring an additional 240,230 shares in the last quarter. Invesco Ltd. boosted its position in shares of Four Corners Property Trust by 2.9% during the fourth quarter. Invesco Ltd. now owns 3,072,755 shares of the financial services provider's stock valued at $83,395,000 after buying an additional 85,476 shares during the last quarter. Geode Capital Management LLC grew its holdings in Four Corners Property Trust by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 2,455,295 shares of the financial services provider's stock worth $66,651,000 after buying an additional 98,120 shares in the last quarter. Capital International Investors raised its position in 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 valued at $61,538,000 after buying an additional 459,542 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Four Corners Property Trust by 2.7% during the fourth 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 and hedge funds own 98.66% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FCPT shares. Barclays decreased their target price on Four Corners Property Trust from $31.00 to $30.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. Wells Fargo & Company raised their price target on Four Corners Property Trust from $30.00 to $31.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and three have assigned 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 an average target price of $30.20.

Four Corners Property Trust Price Performance

NYSE FCPT traded up $0.17 on Friday, reaching $27.75. 469,126 shares of the company's stock traded hands, compared to its average volume of 626,724. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11. The stock has a market cap of $2.79 billion, a PE ratio of 25.93 and a beta of 0.86. The stock has a 50-day simple moving average of $27.95 and a 200 day simple moving average of $28.00. Four Corners Property Trust, Inc. has a 12 month low of $23.70 and a 12 month high of $30.93.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.44 earnings per share (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 business had revenue of $71.48 million for the quarter, compared to analyst estimates of $67.17 million. During the same quarter last 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 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 given a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 5.12%. The ex-dividend date was Monday, March 31st. Four Corners Property Trust's dividend payout ratio is currently 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.