Blue Trust Inc. Buys 8,290 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

Blue Trust Inc. grew its stake in Four Corners Property Trust, Inc. (NYSE:FCPT) by 58.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,480 shares of the financial services provider’s stock after purchasing an additional 8,290 shares during the quarter. Blue Trust Inc.’s holdings in Four Corners Property Trust were worth $659,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC increased its stake in Four Corners Property Trust by 14.4% in the 2nd quarter. AQR Capital Management LLC now owns 22,485 shares of the financial services provider’s stock valued at $555,000 after buying an additional 2,825 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Four Corners Property Trust by 4.3% during the second quarter. The Manufacturers Life Insurance Company now owns 50,170 shares of the financial services provider’s stock valued at $1,238,000 after acquiring an additional 2,063 shares during the last quarter. Algert Global LLC bought a new stake in Four Corners Property Trust during the second quarter worth $229,000. Sanctuary Advisors LLC purchased a new position in Four Corners Property Trust in the second quarter worth $452,000. Finally, Handelsbanken Fonder AB grew its stake in Four Corners Property Trust by 51.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 28,695 shares of the financial services provider’s stock valued at $841,000 after purchasing an additional 9,700 shares during the period. Institutional investors own 98.66% of the company’s stock.

Wall Street Analysts Forecast Growth

FCPT has been the topic of a number of recent analyst reports. Barclays initiated coverage on Four Corners Property Trust in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $31.00 target price 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 started coverage on shares of Four Corners Property Trust in a research note on Thursday, November 14th. They set a “buy” rating and a $33.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $30.60.

Four Corners Property Trust Price Performance

NYSE FCPT opened at $27.64 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.38. The company has a market cap of $2.67 billion, a PE ratio of 25.83 and a beta of 1.13. Four Corners Property Trust, Inc. has a 52 week low of $22.38 and a 52 week high of $30.93. The firm’s 50-day simple moving average is $27.96 and its two-hundred day simple moving average is $28.16.

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 net margin of 37.27% and a return on equity of 7.68%. The business had revenue of $66.79 million for the quarter, compared to analysts’ expectations of $63.50 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Research analysts predict that Four Corners Property Trust, Inc. will post 1.62 earnings per share for the current year.

Four Corners Property Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.355 dividend. This is a positive change from Four Corners Property Trust’s previous quarterly dividend of $0.35. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend was Tuesday, December 31st. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 132.71%.

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.