Hsbc Holdings PLC Purchases 10,536 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

Hsbc Holdings PLC raised its position in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 18.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,989 shares of the financial services provider's stock after purchasing an additional 10,536 shares during the quarter. Hsbc Holdings PLC owned 0.07% of Four Corners Property Trust worth $1,872,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FCPT. Barclays PLC boosted its stake in 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 purchasing an additional 81,565 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Four Corners Property Trust by 6.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,774,103 shares of the financial services provider's stock valued at $51,996,000 after acquiring an additional 102,662 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Four Corners Property Trust by 13.5% in the third quarter. JPMorgan Chase & Co. now owns 392,448 shares of the financial services provider's stock worth $11,503,000 after acquiring an additional 46,732 shares during the period. GAMMA Investing LLC raised its holdings in shares of Four Corners Property Trust by 24.3% during the fourth quarter. GAMMA Investing LLC now owns 5,226 shares of the financial services provider's stock worth $142,000 after purchasing an additional 1,021 shares during the last quarter. Finally, Eagle Bay Advisors LLC lifted its position in Four Corners Property Trust by 25.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider's stock valued at $58,000 after purchasing an additional 425 shares during the period. Institutional investors own 98.66% of the company's stock.

Wall Street Analyst Weigh In

FCPT has been the subject of several analyst 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 reaffirmed a "market perform" rating on shares of Four Corners Property Trust in a research note on Thursday, February 13th. Finally, Barclays decreased their target price 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 note on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $30.20.

Four Corners Property Trust Price Performance

Four Corners Property Trust stock traded up $0.19 during midday trading on Wednesday, reaching $28.08. 44,817 shares of the company were exchanged, compared to its average volume of 620,140. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.11. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 26.23 and a beta of 0.86. The firm's 50-day simple moving average is $28.02 and its 200-day simple moving average is $28.03. Four Corners Property Trust, Inc. has a 1 year low of $23.70 and a 1 year high of $30.93.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02. Four Corners Property Trust had a return on equity of 7.54% and a net margin of 37.48%. The company had revenue of $71.48 million for the quarter, compared to analysts' expectations of $67.17 million. During the same quarter in the previous year, the business posted $0.43 EPS. The business's revenue for the quarter was up 7.5% on a year-over-year basis. On average, analysts anticipate that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Four Corners Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend was Monday, March 31st. Four Corners Property Trust's payout ratio is 132.71%.

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.