Boston Trust Walden Corp Has $45.31 Million Stock Holdings in Four Corners Property Trust, Inc. (NYSE:FCPT)

Boston Trust Walden Corp grew its holdings in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 20.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,578,610 shares of the financial services provider's stock after acquiring an additional 267,537 shares during the quarter. Boston Trust Walden Corp owned 1.58% of Four Corners Property Trust worth $45,306,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its holdings in shares of Four Corners Property Trust by 234.1% during 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 during the period. Smartleaf Asset Management LLC lifted its holdings in shares of 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 acquiring an additional 860 shares during the period. VSM Wealth Advisory LLC bought a new position in shares of Four Corners Property Trust during the fourth quarter valued at $39,000. GF Fund Management CO. LTD. bought a new position in shares of Four Corners Property Trust during the fourth quarter valued at $46,000. Finally, Synergy Investment Management LLC bought a new position in shares of Four Corners Property Trust during the fourth quarter valued at $48,000. 98.66% of the stock is owned by institutional investors.

Four Corners Property Trust Price Performance

Shares of NYSE:FCPT traded up $0.53 during midday trading on Monday, reaching $27.85. The company's stock had a trading volume of 607,031 shares, compared to its average volume of 660,005. The business's fifty day simple moving average is $27.59 and its 200-day simple moving average is $27.74. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.14 and a quick ratio of 0.14. The company has a market capitalization of $2.80 billion, a P/E ratio of 26.02 and a beta of 0.86. Four Corners Property Trust, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $30.93.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $71.48 million during the quarter, compared to analysts' expectations of $67.17 million. Four Corners Property Trust had a return on equity of 7.46% and a net margin of 37.57%. The company's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. As a group, equities research analysts expect that Four Corners Property Trust, Inc. will post 1.68 EPS for the current fiscal year.

Four Corners Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.355 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.42 annualized dividend and a yield of 5.10%. Four Corners Property Trust's dividend payout ratio is currently 132.71%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FCPT. Wells Fargo & Company lowered their target price on Four Corners Property Trust from $31.00 to $30.00 and set an "overweight" rating for the company in a research note on Monday, June 2nd. UBS Group lowered their target price on Four Corners Property Trust from $33.00 to $30.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $29.40.

Insiders Place Their Bets

In other news, CAO Niccole Stewart sold 9,100 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $27.28, for a total value of $248,248.00. Following the completion of the sale, the chief accounting officer now directly owns 31,204 shares of the company's stock, valued at $851,245.12. This represents a 22.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John S. Moody sold 7,667 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $27.42, for a total value of $210,229.14. Following the completion of the sale, the director now directly owns 53,821 shares of the company's stock, valued at approximately $1,475,771.82. This trade represents a 12.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

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.