Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Bought by Marshall Wace LLP

Marshall Wace LLP grew its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 33.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,631,150 shares of the financial services provider's stock after acquiring an additional 410,458 shares during the quarter. Marshall Wace LLP owned about 1.69% of Four Corners Property Trust worth $44,269,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in shares of Four Corners Property Trust during the fourth quarter valued at approximately $12,845,000. Norges Bank purchased a new stake in Four Corners Property Trust during the fourth quarter valued at approximately $7,254,000. Vanguard Group Inc. raised its position in Four Corners Property Trust by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 10,874,938 shares of the financial services provider's stock worth $295,146,000 after acquiring an additional 240,230 shares during the period. New Age Alpha Advisors LLC purchased a new position in shares of Four Corners Property Trust during the 4th quarter worth $3,720,000. Finally, Principal Financial Group Inc. grew its position in shares of Four Corners Property Trust by 6.1% during 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 period. Hedge funds and other institutional investors own 98.66% of the company's stock.

Wall Street Analyst Weigh In

FCPT has been the topic of several recent research reports. Barclays decreased their price objective on 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. JMP Securities reiterated a "market perform" rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Finally, Wells Fargo & Company upped their price target on 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $30.20.

Four Corners Property Trust Trading Down 1.3 %

NYSE:FCPT traded down $0.37 during midday trading on Wednesday, hitting $28.30. 83,492 shares of the company traded hands, compared to its average volume of 612,085. 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 firm's fifty day moving average is $28.05 and its 200-day moving average is $28.11. The firm has a market capitalization of $2.83 billion, a P/E ratio of 26.45 and a beta of 0.93. Four Corners Property Trust, Inc. has a 12-month low of $23.25 and a 12-month high of $30.93.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.44 EPS for the quarter, topping 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%. On average, sell-side analysts predict that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Four Corners Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given 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 5.02%. Four Corners Property Trust's dividend payout ratio (DPR) is 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.