Zurcher Kantonalbank Zurich Cantonalbank Acquires 33,062 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 71.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,493 shares of the financial services provider's stock after purchasing an additional 33,062 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.09% of Four Corners Property Trust worth $2,011,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FCPT. Vanguard Group Inc. lifted its position in shares of Four Corners Property Trust by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 10,224,604 shares of the financial services provider's stock worth $226,884,000 after purchasing an additional 102,504 shares during the period. Northern Trust Corp boosted its stake in Four Corners Property Trust by 4.5% in the 3rd quarter. Northern Trust Corp now owns 1,163,576 shares of the financial services provider's stock worth $25,820,000 after purchasing an additional 50,303 shares in the last quarter. FMR LLC grew its holdings in shares of 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 last quarter. Deutsche Bank AG increased its holdings in shares of Four Corners Property Trust by 34.9% in the 3rd quarter. Deutsche Bank AG now owns 507,017 shares of the financial services provider's stock worth $11,251,000 after purchasing an additional 131,262 shares in the last quarter. Finally, Invesco Ltd. raised its position in Four Corners Property Trust by 3.3% in the 3rd quarter. Invesco Ltd. now owns 2,253,418 shares of the financial services provider's stock worth $50,003,000 after buying an additional 72,055 shares during the last quarter. 98.66% of the stock is owned by hedge funds and other institutional investors.

Four Corners Property Trust Stock Performance

Shares of NYSE:FCPT traded down $0.04 during midday trading on Wednesday, reaching $23.61. The company's stock had a trading volume of 297,102 shares, compared to its average volume of 519,101. The firm has a market capitalization of $2.17 billion, a PE ratio of 21.74 and a beta of 1.00. The stock has a fifty day moving average of $23.85 and a 200 day moving average of $23.58. Four Corners Property Trust, Inc. has a twelve month low of $20.51 and a twelve month high of $27.60. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.35.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last posted its 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 for the quarter, compared to analysts' expectations of $65.23 million. During the same period in the previous year, the company earned $0.41 earnings per share. The company's revenue was up 13.6% compared to the same quarter last year. On average, equities analysts expect that Four Corners Property Trust, Inc. will post 1.64 EPS for the current fiscal year.

Four Corners Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.345 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.38 annualized dividend and a yield of 5.85%. Four Corners Property Trust's dividend payout ratio is currently 127.78%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FCPT shares. Raymond James dropped 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 raised their price target on Four Corners Property Trust from $24.00 to $25.00 and gave the company an "overweight" rating in a report on Tuesday, February 20th.

Four Corners Property Trust 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.