Four Corners Property Trust (NYSE:FCPT) Sees Large Volume Increase

Four Corners Property Trust, Inc. (NYSE:FCPT - Get Free Report) saw strong trading volume on Monday . 478,909 shares were traded during trading, a decline of 4% from the previous session's volume of 500,729 shares.The stock last traded at $23.34 and had previously closed at $23.34.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Raymond James dropped their price target on shares of Four Corners Property Trust from $29.00 to $28.00 and set an "outperform" rating on the stock in a research note 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 research note on Tuesday, February 20th.

Four Corners Property Trust Stock Performance

The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 21.52 and a beta of 1.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.12 and a current ratio of 0.12. The company's fifty day simple moving average is $23.85 and its two-hundred day simple moving average is $23.54.

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

Four Corners Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date of this dividend is Wednesday, March 27th. Four Corners Property Trust's payout ratio is 127.78%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FCPT. Rye Brook Capital LLC raised its position in shares of Four Corners Property Trust by 0.3% during the 1st quarter. Rye Brook Capital LLC now owns 422,400 shares of the financial services provider's stock worth $10,336,000 after buying an additional 1,400 shares in the last quarter. Pensionfund Sabic raised its holdings in shares of Four Corners Property Trust by 32.0% in the 1st quarter. Pensionfund Sabic now owns 16,500 shares of the financial services provider's stock worth $404,000 after purchasing an additional 4,000 shares in the last quarter. Pensionfund DSM Netherlands raised its holdings in shares of Four Corners Property Trust by 25.0% in the 1st quarter. Pensionfund DSM Netherlands now owns 35,000 shares of the financial services provider's stock worth $856,000 after purchasing an additional 7,000 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Four Corners Property Trust by 31.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,626 shares of the financial services provider's stock worth $269,000 after purchasing an additional 2,551 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Four Corners Property Trust by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 10,518,844 shares of the financial services provider's stock worth $266,127,000 after purchasing an additional 294,240 shares in the last quarter. 98.66% of the stock is owned by institutional investors and hedge funds.

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.