Eagle Bay Advisors LLC Has $58,000 Stock Holdings in Four Corners Property Trust, Inc. (NYSE:FCPT)

Eagle Bay Advisors LLC lifted its position in Four Corners Property Trust, Inc. (NYSE:FCPT) by 25.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,125 shares of the financial services provider’s stock after buying an additional 425 shares during the quarter. Eagle Bay Advisors LLC’s holdings in Four Corners Property Trust were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. GAMMA Investing LLC boosted its holdings in Four Corners Property Trust by 24.3% during the fourth quarter. GAMMA Investing LLC now owns 5,226 shares of the financial services provider’s stock valued at $142,000 after acquiring an additional 1,021 shares during the period. JPMorgan Chase & Co. boosted its stake in Four Corners Property Trust by 13.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 392,448 shares of the financial services provider’s stock valued at $11,503,000 after purchasing an additional 46,732 shares during the period. Principal Financial Group Inc. grew its holdings in Four Corners Property Trust by 6.1% in 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 buying an additional 102,662 shares during the last quarter. Sanctuary Advisors LLC increased its position in Four Corners Property Trust by 44.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 27,967 shares of the financial services provider’s stock worth $818,000 after buying an additional 8,666 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Four Corners Property Trust by 1.2% during the third quarter. Geode Capital Management LLC now owns 2,357,175 shares of the financial services provider’s stock worth $69,101,000 after buying an additional 27,552 shares during the last quarter. 98.66% of the stock is owned by institutional investors.

Four Corners Property Trust Price Performance

NYSE:FCPT opened at $26.78 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 0.17. The company has a 50-day moving average of $28.14 and a 200-day moving average of $27.94. Four Corners Property Trust, Inc. has a 52 week low of $22.38 and a 52 week high of $30.93. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 25.03 and a beta of 1.13.

Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.14). Four Corners Property Trust had a return on equity of 7.68% and a net margin of 37.27%. The business had revenue of $66.79 million for the quarter, compared to the consensus estimate of $63.50 million. During the same quarter in the prior year, the business earned $0.42 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, equities research analysts anticipate that Four Corners Property Trust, Inc. will post 1.66 earnings per share for the current fiscal year.

Four Corners Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.355 dividend. This is a positive change from Four Corners Property Trust’s previous quarterly dividend of $0.35. The ex-dividend date is Tuesday, December 31st. This represents a $1.42 annualized dividend and a yield of 5.30%. Four Corners Property Trust’s payout ratio is currently 132.71%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FCPT. Wells Fargo & Company restated an “overweight” rating and issued a $32.00 price objective (up previously from $28.00) on shares of Four Corners Property Trust in a research note on Tuesday, October 1st. Barclays initiated coverage on shares of Four Corners Property Trust in a report on Tuesday, December 17th. They set an “equal weight” rating and a $31.00 price objective on the stock. JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a research note on Tuesday, December 10th. Finally, UBS Group assumed coverage on Four Corners Property Trust in a research note on Thursday, November 14th. They set a “buy” rating and a $33.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.60.

About Four Corners Property Trust

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.