Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Sold by Fmr LLC

FMR LLC decreased its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 13.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,075,413 shares of the financial services provider's stock after selling 1,855,333 shares during the period. FMR LLC owned 12.48% of Four Corners Property Trust worth $327,727,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FCPT. Stifel Financial Corp increased its holdings in Four Corners Property Trust by 15.7% during the third quarter. Stifel Financial Corp now owns 23,370 shares of the financial services provider's stock valued at $685,000 after buying an additional 3,175 shares during the period. Jane Street Group LLC boosted its position in Four Corners Property Trust by 212.5% during the 3rd quarter. Jane Street Group LLC now owns 255,275 shares of the financial services provider's stock valued at $7,482,000 after acquiring an additional 173,598 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of Four Corners Property Trust by 5.6% in the 3rd quarter. MML Investors Services LLC now owns 11,881 shares of the financial services provider's stock valued at $348,000 after acquiring an additional 635 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in shares of Four Corners Property Trust by 2.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 116,480 shares of the financial services provider's stock valued at $3,414,000 after acquiring an additional 2,600 shares during the period. Finally, Barclays PLC raised its position in shares of Four Corners Property Trust by 109.5% in the 3rd quarter. Barclays PLC now owns 156,021 shares of the financial services provider's stock worth $4,572,000 after acquiring an additional 81,565 shares in the last quarter. Institutional investors own 98.66% of the company's stock.

Four Corners Property Trust Stock Performance

NYSE:FCPT traded up $0.26 during trading hours on Wednesday, hitting $28.00. 67,706 shares of the company were exchanged, compared to its average volume of 788,958. 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 52-week low of $22.38 and a 52-week high of $30.93. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 26.17 and a beta of 0.93. The company's 50 day moving average price is $28.02 and its 200-day moving average price is $28.14.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.16. Four Corners Property Trust had a net margin of 37.48% and a return on equity of 7.54%. As a group, research analysts forecast that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current year.

Four Corners Property Trust Announces Dividend

The company also recently disclosed 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 5.07%. The ex-dividend date of this dividend was Monday, March 31st. Four Corners Property Trust's dividend payout ratio is presently 132.71%.

Analysts Set New Price Targets

FCPT has been the subject of several analyst reports. JMP Securities reissued a "market perform" rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Barclays decreased their target price on shares of 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, Wells Fargo & Company lifted their price target on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. 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, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $30.20.

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.