Invesco Ltd. Grows Stake in Four Corners Property Trust, Inc. (NYSE:FCPT)

Invesco Ltd. boosted its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,072,755 shares of the financial services provider's stock after purchasing an additional 85,476 shares during the quarter. Invesco Ltd. owned about 3.18% of Four Corners Property Trust worth $83,395,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. 1620 Investment Advisors Inc. lifted its stake in shares of Four Corners Property Trust by 4.1% during the 4th quarter. 1620 Investment Advisors Inc. now owns 9,138 shares of the financial services provider's stock worth $248,000 after purchasing an additional 363 shares during the last quarter. Arizona State Retirement System lifted its position in Four Corners Property Trust by 1.5% during the fourth quarter. Arizona State Retirement System now owns 26,893 shares of the financial services provider's stock valued at $730,000 after acquiring an additional 406 shares during the last quarter. Eagle Bay Advisors LLC boosted its stake in Four Corners Property Trust by 25.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider's stock valued at $58,000 after acquiring an additional 425 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Four Corners Property Trust by 1.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 45,170 shares of the financial services provider's stock worth $1,226,000 after purchasing an additional 469 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Four Corners Property Trust by 10.4% during the fourth quarter. Signaturefd LLC now owns 6,141 shares of the financial services provider's stock worth $167,000 after purchasing an additional 579 shares in the last quarter. 98.66% of the stock is currently owned by institutional investors.

Four Corners Property Trust Stock Performance

NYSE FCPT traded up $0.40 during trading hours on Friday, reaching $28.19. The stock had a trading volume of 539,892 shares, compared to its average volume of 613,235. Four Corners Property Trust, Inc. has a 52-week low of $22.54 and a 52-week high of $30.93. 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 stock has a market cap of $2.82 billion, a P/E ratio of 26.34 and a beta of 0.93. The stock has a fifty day moving average of $28.02 and a 200 day moving average of $28.13.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate 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%. Sell-side analysts predict 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 declared 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 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date was Monday, March 31st. Four Corners Property Trust's dividend payout ratio (DPR) is presently 132.71%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FCPT. JMP Securities reissued a "market perform" rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Barclays cut 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 report on Tuesday, February 4th. Finally, Wells Fargo & Company lifted their target price on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the stock an "overweight" rating in a research note on Monday, March 10th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.