Vanguard Group Inc. Has $323.60 Million Stock Position in Four Corners Property Trust, Inc. $FCPT

Vanguard Group Inc. boosted its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 3.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,275,334 shares of the financial services provider's stock after acquiring an additional 400,396 shares during the quarter. Vanguard Group Inc. owned 11.22% of Four Corners Property Trust worth $323,602,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of FCPT. LPL Financial LLC raised its stake in Four Corners Property Trust by 10.4% during the fourth quarter. LPL Financial LLC now owns 28,783 shares of the financial services provider's stock worth $781,000 after acquiring an additional 2,721 shares in the last quarter. Sterling Capital Management LLC raised its stake in Four Corners Property Trust by 856.0% during the fourth quarter. Sterling Capital Management LLC now owns 3,040 shares of the financial services provider's stock worth $83,000 after acquiring an additional 2,722 shares in the last quarter. Summit Investment Advisors Inc. increased its stake in shares of Four Corners Property Trust by 12.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 10,094 shares of the financial services provider's stock valued at $274,000 after buying an additional 1,117 shares in the last quarter. Barclays PLC increased its stake in shares of Four Corners Property Trust by 10.6% in the fourth quarter. Barclays PLC now owns 172,564 shares of the financial services provider's stock valued at $4,682,000 after buying an additional 16,543 shares in the last quarter. Finally, Mariner LLC increased its stake in shares of Four Corners Property Trust by 2.8% in the fourth 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. 98.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FCPT has been the subject of a number of research reports. Raymond James Financial lowered their target price on Four Corners Property Trust from $31.00 to $29.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Barclays lowered their target price on Four Corners Property Trust from $30.00 to $29.00 and set an "equal weight" rating for the company in a research note on Wednesday. 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. Finally, UBS Group lifted their price objective on Four Corners Property Trust from $30.00 to $31.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $29.40.

Insider Buying and Selling at Four Corners Property Trust

In other Four Corners Property Trust news, Director John S. Moody sold 7,667 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $27.42, for a total transaction of $210,229.14. Following the transaction, the director owned 53,821 shares of the company's stock, valued at $1,475,771.82. The trade was a 12.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by company insiders.

Four Corners Property Trust Stock Up 0.9%

NYSE FCPT traded up $0.23 during trading on Wednesday, hitting $25.89. The stock had a trading volume of 483,841 shares, compared to its average volume of 700,204. The company has a market capitalization of $2.70 billion, a PE ratio of 23.97 and a beta of 0.83. The company's 50-day moving average price is $26.51 and its two-hundred day moving average price is $27.38. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.12 and a current ratio of 0.12. Four Corners Property Trust, Inc. has a 12 month low of $25.00 and a 12 month high of $30.93.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last released its earnings results on Tuesday, July 29th. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. The firm had revenue of $72.84 million for the quarter, compared to analysts' expectations of $70.27 million. Four Corners Property Trust had a return on equity of 7.40% and a net margin of 37.87%.The business's quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 EPS. As a group, sell-side analysts forecast that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Four Corners Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.355 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.42 annualized dividend and a dividend yield of 5.5%. Four Corners Property Trust's payout ratio is 131.48%.

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.