William Blair Investment Management LLC Buys 33,450 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

William Blair Investment Management LLC grew its stake in Four Corners Property Trust, Inc. (NYSE:FCPT) by 2.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,399,446 shares of the financial services provider’s stock after purchasing an additional 33,450 shares during the quarter. William Blair Investment Management LLC’s holdings in Four Corners Property Trust were worth $37,981,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FCPT. EverSource Wealth Advisors LLC grew its holdings in shares of Four Corners Property Trust by 234.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 817 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Four Corners Property Trust by 165.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 860 shares in the last quarter. Synergy Investment Management LLC bought a new position in shares of Four Corners Property Trust in the 4th quarter valued at about $48,000. Truvestments Capital LLC bought a new position in shares of Four Corners Property Trust in the 3rd quarter valued at about $51,000. Finally, Eagle Bay Advisors LLC grew its holdings in shares of Four Corners Property Trust by 25.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 425 shares in the last quarter. Institutional investors own 98.66% of the company’s stock.

Four Corners Property Trust Trading Up 0.9 %

Shares of FCPT stock opened at $28.23 on Tuesday. The firm has a 50 day moving average price of $27.87 and a two-hundred day moving average price of $28.40. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $2.82 billion, a PE ratio of 26.38 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.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings data 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%. As a group, analysts predict that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current year.

Four Corners Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.355 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.42 annualized dividend and a yield of 5.03%. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 132.71%.

Analysts Set New Price Targets

FCPT has been the subject of several recent analyst reports. 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. Barclays cut their target price on shares of Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Finally, JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a research note on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Four Corners Property Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.20.

Four Corners Property Trust Company 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.