Signaturefd LLC Has $167,000 Stock Position in Four Corners Property Trust, Inc. (NYSE:FCPT)

Signaturefd LLC lifted its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 10.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,141 shares of the financial services provider’s stock after buying an additional 579 shares during the period. Signaturefd LLC’s holdings in Four Corners Property Trust were worth $167,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Arizona State Retirement System increased its stake in shares of Four Corners Property Trust by 1.5% during the 4th quarter. Arizona State Retirement System now owns 26,893 shares of the financial services provider’s stock worth $730,000 after purchasing an additional 406 shares during the last quarter. Eagle Bay Advisors LLC increased its stake in shares of Four Corners Property Trust by 25.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 425 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Four Corners Property Trust by 1.0% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 45,170 shares of the financial services provider’s stock worth $1,226,000 after purchasing an additional 469 shares during the last quarter. Yousif Capital Management LLC increased its stake in shares of Four Corners Property Trust by 1.7% during the 4th quarter. Yousif Capital Management LLC now owns 36,611 shares of the financial services provider’s stock worth $994,000 after purchasing an additional 600 shares during the last quarter. Finally, MML Investors Services LLC increased its stake in shares of Four Corners Property Trust by 5.6% during the 3rd quarter. MML Investors Services LLC now owns 11,881 shares of the financial services provider’s stock worth $348,000 after purchasing an additional 635 shares during the last quarter. Institutional investors and hedge funds own 98.66% of the company’s stock.

Four Corners Property Trust Stock Performance

NYSE FCPT opened at $28.13 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 26.29 and a beta of 1.16. The company’s fifty day moving average is $27.99 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.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts forecast that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Four Corners Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.355 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.42 annualized dividend and a yield of 5.05%. Four Corners Property Trust’s dividend payout ratio is 132.71%.

Wall Street Analyst Weigh In

FCPT has been the topic of several analyst reports. JMP Securities restated a “market perform” rating on shares of Four Corners Property Trust in a research note on Thursday, February 13th. Barclays lowered their target price 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. Finally, Wells Fargo & Company raised their target price on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.20.

Four Corners Property Trust Profile

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.