Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 39.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 278,969 shares of the financial services provider's stock after acquiring an additional 78,858 shares during the period. Asset Management One Co. Ltd. owned about 0.31% of Four Corners Property Trust worth $7,116,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of FCPT. FMR LLC increased its holdings in Four Corners Property Trust by 12.1% during the third quarter. FMR LLC now owns 9,831,411 shares of the financial services provider's stock valued at $218,159,000 after buying an additional 1,061,170 shares during the period. Norges Bank purchased a new position in Four Corners Property Trust during the fourth quarter valued at approximately $22,201,000. Millennium Management LLC increased its holdings in Four Corners Property Trust by 3,063.1% during the second quarter. Millennium Management LLC now owns 822,438 shares of the financial services provider's stock valued at $21,869,000 after buying an additional 796,437 shares during the period. BlackRock Inc. increased its holdings in Four Corners Property Trust by 3.7% during the second quarter. BlackRock Inc. now owns 15,934,776 shares of the financial services provider's stock valued at $404,743,000 after buying an additional 564,173 shares during the period. Finally, Balyasny Asset Management LLC purchased a new position in Four Corners Property Trust during the third quarter valued at approximately $10,213,000. Institutional investors own 98.66% of the company's stock.

Four Corners Property Trust Stock Down 4.0 %

NYSE FCPT traded down $0.97 on Wednesday, hitting $23.32. The stock had a trading volume of 500,590 shares, compared to its average volume of 501,238. The business's fifty day moving average price is $23.86 and its 200 day moving average price is $23.51. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.12 and a quick ratio of 0.12. Four Corners Property Trust, Inc. has a 52-week low of $20.51 and a 52-week high of $27.60. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 21.59 and a beta of 1.00.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.13). Four Corners Property Trust had a return on equity of 7.78% and a net margin of 38.04%. The firm had revenue of $65.14 million during the quarter, compared to analysts' expectations of $65.23 million. During the same period in the prior year, the firm posted $0.41 earnings per share. Four Corners Property Trust's revenue for the quarter was up 13.6% compared to the same quarter last year. Equities research analysts anticipate that Four Corners Property Trust, Inc. will post 1.64 earnings per share for the current year.

Four Corners Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.345 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.38 annualized dividend and a dividend yield of 5.92%. Four Corners Property Trust's payout ratio is currently 127.78%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Raymond James cut their price objective on shares of Four Corners Property Trust from $29.00 to $28.00 and set an "outperform" rating on the stock in a report on Monday, January 8th. Wells Fargo & Company lifted their price target on shares of Four Corners Property Trust from $24.00 to $25.00 and gave the stock an "overweight" rating in a report on Tuesday, February 20th.

Four Corners Property Trust Company Profile

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.