Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lessened its stake in Four Corners Property Trust, Inc. (NYSE:FCPT) by 10.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 143,691 shares of the financial services provider’s stock after selling 15,939 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Four Corners Property Trust were worth $3,900,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Arizona State Retirement System raised its stake in Four Corners Property Trust by 1.5% during the fourth quarter. Arizona State Retirement System now owns 26,893 shares of the financial services provider’s stock worth $730,000 after acquiring an additional 406 shares during the period. Eagle Bay Advisors LLC raised its stake in Four Corners Property Trust by 25.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 425 shares during the period. Oppenheimer Asset Management Inc. raised its stake in Four Corners Property Trust by 1.0% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 45,170 shares of the financial services provider’s stock worth $1,226,000 after acquiring an additional 469 shares during the period. Yousif Capital Management LLC raised its stake in Four Corners Property Trust by 1.7% during the fourth quarter. Yousif Capital Management LLC now owns 36,611 shares of the financial services provider’s stock worth $994,000 after acquiring an additional 600 shares during the period. Finally, MML Investors Services LLC raised its stake in Four Corners Property Trust by 5.6% during the third quarter. MML Investors Services LLC now owns 11,881 shares of the financial services provider’s stock worth $348,000 after acquiring an additional 635 shares during the period. Institutional investors and hedge funds own 98.66% of the company’s stock.

Four Corners Property Trust Price Performance

Shares of NYSE:FCPT opened at $27.95 on Monday. The firm’s 50 day moving average is $27.85 and its two-hundred day moving average is $28.40. Four Corners Property Trust, Inc. has a 52 week low of $22.38 and a 52 week high of $30.93. The firm has a market capitalization of $2.79 billion, a P/E ratio of 26.12 and a beta of 1.16. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Analysts anticipate that Four Corners Property Trust, Inc. will post 1.68 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 Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 5.08%. The ex-dividend date is Monday, March 31st. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 132.71%.

Analyst Upgrades and Downgrades

FCPT has been the topic of several research reports. JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a research note on Thursday, February 13th. Wells Fargo & Company increased their price objective on shares of 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. Finally, Barclays dropped their price target on shares of 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Four Corners Property Trust has an average rating of “Moderate Buy” and an average price target of $30.20.

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.