Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Bought by First Trust Advisors LP

First Trust Advisors LP grew its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 23.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 212,941 shares of the financial services provider's stock after purchasing an additional 40,831 shares during the period. First Trust Advisors LP owned approximately 0.22% of Four Corners Property Trust worth $5,779,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FCPT. Vanguard Group Inc. lifted its holdings in Four Corners Property Trust by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 10,874,938 shares of the financial services provider's stock worth $295,146,000 after buying an additional 240,230 shares in the last quarter. Invesco Ltd. raised its stake in shares of Four Corners Property Trust by 2.9% in the fourth quarter. Invesco Ltd. now owns 3,072,755 shares of the financial services provider's stock valued at $83,395,000 after acquiring an additional 85,476 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Four Corners Property Trust by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 2,455,295 shares of the financial services provider's stock valued at $66,651,000 after acquiring an additional 98,120 shares in the last quarter. Capital International Investors boosted its holdings in Four Corners Property Trust by 25.4% in the fourth quarter. Capital International Investors now owns 2,267,422 shares of the financial services provider's stock valued at $61,538,000 after purchasing an additional 459,542 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Four Corners Property Trust by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 1,822,422 shares of the financial services provider's stock valued at $49,463,000 after purchasing an additional 48,319 shares during the period. 98.66% of the stock is currently owned by hedge funds and other institutional investors.

Four Corners Property Trust Stock Up 0.1 %

Four Corners Property Trust stock traded up $0.02 during mid-day trading on Friday, hitting $27.91. The company had a trading volume of 496,218 shares, compared to its average volume of 621,771. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 26.08 and a beta of 0.86. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.36. Four Corners Property Trust, Inc. has a 1 year low of $23.70 and a 1 year high of $30.93. The business has a fifty day moving average of $28.05 and a 200 day moving average of $28.06.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.44 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $67.17 million. During the same period last year, the business earned $0.43 EPS. Four Corners Property Trust's revenue for the quarter was up 7.5% compared to the same quarter last year. On average, sell-side analysts expect that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Four Corners Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.355 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.09%. Four Corners Property Trust's dividend payout ratio (DPR) is presently 132.71%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lifted their price objective on 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. JMP Securities reiterated a "market perform" rating on shares of Four Corners Property Trust in a research note on Thursday, February 13th. Finally, Barclays dropped their price objective on shares of Four Corners Property Trust from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.20.

About Four Corners Property Trust

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.