Dimensional Fund Advisors LP Purchases 29,449 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

Dimensional Fund Advisors LP boosted its stake in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,343,034 shares of the financial services provider's stock after purchasing an additional 29,449 shares during the period. Dimensional Fund Advisors LP owned about 1.39% of Four Corners Property Trust worth $36,451,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in Four Corners Property Trust by 234.1% in the 4th 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 in the last quarter. Smartleaf Asset Management LLC raised its stake in Four Corners Property Trust by 165.7% during 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 during the last quarter. VSM Wealth Advisory LLC purchased a new stake in shares of Four Corners Property Trust in the fourth quarter worth $39,000. Synergy Investment Management LLC purchased a new position in shares of Four Corners Property Trust in the 4th quarter worth about $48,000. Finally, Eagle Bay Advisors LLC grew its position in 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 valued at $58,000 after purchasing an additional 425 shares during the last quarter. Hedge funds and other institutional investors own 98.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wells Fargo & Company upped their target price on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. Barclays reduced 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 research report on Tuesday, February 4th. Finally, JMP Securities restated a "market perform" rating on shares of Four Corners Property Trust in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.20.

Four Corners Property Trust Trading Up 0.6 %

Shares of FCPT stock traded up $0.17 during trading hours on Friday, reaching $27.75. 469,126 shares of the stock were exchanged, compared to its average volume of 626,724. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36. Four Corners Property Trust, Inc. has a 12-month low of $23.70 and a 12-month high of $30.93. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 25.93 and a beta of 0.86. The company's 50-day moving average price is $27.95 and its 200-day moving average price is $28.00.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. Four Corners Property Trust had a return on equity of 7.54% and a net margin of 37.48%. The firm had revenue of $71.48 million for the quarter, compared to the consensus estimate of $67.17 million. During the same period in the prior year, the business posted $0.43 earnings per share. The company's revenue for the quarter was up 7.5% on a year-over-year basis. As a group, equities analysts anticipate 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. Stockholders of record on Monday, March 31st were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date of this dividend was Monday, March 31st. Four Corners Property Trust's 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.