Legal & General Group Plc Has $17.29 Million Stock Holdings in Four Corners Property Trust, Inc. (NYSE:FCPT)

Legal & General Group Plc decreased its holdings in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 637,138 shares of the financial services provider's stock after selling 29,336 shares during the period. Legal & General Group Plc owned approximately 0.66% of Four Corners Property Trust worth $17,292,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. SG Americas Securities LLC grew its position in Four Corners Property Trust by 91.2% in the fourth quarter. SG Americas Securities LLC now owns 9,872 shares of the financial services provider's stock valued at $268,000 after acquiring an additional 4,708 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Four Corners Property Trust by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,357,175 shares of the financial services provider's stock valued at $69,101,000 after purchasing an additional 27,552 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Four Corners Property Trust by 1.3% during the 4th quarter. Bank of New York Mellon Corp now owns 891,425 shares of the financial services provider's stock valued at $24,193,000 after purchasing an additional 11,131 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Four Corners Property Trust by 6.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,612,978 shares of the financial services provider's stock worth $43,776,000 after purchasing an additional 94,903 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in Four Corners Property Trust in the 4th quarter valued at approximately $419,000. Institutional investors and hedge funds own 98.66% of the company's stock.

Wall Street Analyst Weigh In

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

Four Corners Property Trust Trading Up 1.4 %

FCPT stock traded up $0.40 during midday trading on Friday, hitting $28.19. The stock had a trading volume of 539,892 shares, compared to its average volume of 612,411. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average price of $28.02 and a two-hundred day moving average price of $28.13. Four Corners Property Trust, Inc. has a 1-year low of $22.71 and a 1-year high of $30.93. The firm has a market cap of $2.82 billion, a P/E ratio of 26.34 and a beta of 0.93.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.16. Four Corners Property Trust had a return on equity of 7.54% and a net margin of 37.48%. On average, sell-side analysts predict 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.355 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.42 annualized dividend and a dividend yield of 5.04%. Four Corners Property Trust's dividend payout ratio is currently 132.71%.

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.