Dimensional Fund Advisors LP Buys 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 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,343,034 shares of the financial services provider's stock after acquiring an additional 29,449 shares during the period. Dimensional Fund Advisors LP owned 1.39% of Four Corners Property Trust worth $36,451,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

FCPT has been the subject of several recent research reports. Wells Fargo & Company boosted their price objective 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. JMP Securities restated a "market perform" rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Finally, Barclays reduced their price objective on shares of 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $30.20.

Four Corners Property Trust Stock Down 0.5 %

Shares of NYSE FCPT traded down $0.14 during trading on Wednesday, hitting $27.75. The stock had a trading volume of 879,999 shares, compared to its average volume of 624,528. The firm has a fifty day moving average of $28.00 and a two-hundred day moving average of $28.03. The company has a market capitalization of $2.77 billion, a PE ratio of 25.94 and a beta of 0.86. 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, 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 posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $71.48 million during the quarter, compared to analyst estimates of $67.17 million. During the same quarter last year, the business posted $0.43 EPS. The company's revenue for the quarter was up 7.5% on a year-over-year basis. As a group, equities research analysts forecast that Four Corners Property Trust, Inc. will post 1.68 EPS for the current fiscal year.

Four Corners Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given 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 5.12%. 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.