Quantbot Technologies LP Purchases 51,050 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

Quantbot Technologies LP grew its holdings in Four Corners Property Trust, Inc. (NYSE:FCPT) by 1,464.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,535 shares of the financial services provider’s stock after purchasing an additional 51,050 shares during the quarter. Quantbot Technologies LP’s holdings in Four Corners Property Trust were worth $1,480,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. FMR LLC increased its holdings in Four Corners Property Trust by 30.6% in the third quarter. FMR LLC now owns 13,930,746 shares of the financial services provider’s stock valued at $408,310,000 after purchasing an additional 3,268,064 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Four Corners Property Trust by 1.2% during the 3rd 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 period. Principal Financial Group Inc. increased its stake in shares of Four Corners Property Trust by 2.7% in the 4th quarter. Principal Financial Group Inc. now owns 1,822,422 shares of the financial services provider’s stock valued at $49,463,000 after acquiring an additional 48,319 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Four Corners Property Trust by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,612,978 shares of the financial services provider’s stock valued at $43,776,000 after acquiring an additional 94,903 shares during the period. Finally, William Blair Investment Management LLC boosted its stake in Four Corners Property Trust by 2.4% during the 4th quarter. William Blair Investment Management LLC now owns 1,399,446 shares of the financial services provider’s stock worth $37,981,000 after acquiring an additional 33,450 shares during the last quarter. Institutional investors and hedge funds own 98.66% of the company’s stock.

Analyst Upgrades and Downgrades

FCPT has been the subject of several recent analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Four Corners Property Trust in a research note on Thursday, February 13th. Wells Fargo & Company upped their price objective on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, March 10th. Finally, Barclays reduced their target price on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.20.

Four Corners Property Trust Stock Up 1.2 %

Shares of FCPT stock opened at $28.44 on Tuesday. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 26.57 and a beta of 1.16. Four Corners Property Trust, Inc. has a 12-month low of $22.38 and a 12-month high of $30.93. The firm has a fifty day moving average of $28.02 and a 200-day moving average of $28.39. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.36.

Four Corners Property Trust (NYSE:FCPT) last released its quarterly earnings results 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 return on equity of 7.54% and a net margin of 37.48%. As a group, equities research analysts predict that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Four Corners Property Trust Dividend Announcement

The firm 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. The ex-dividend date is Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.99%. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 132.71%.

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.