Four Corners Property Trust, Inc. (NYSE:FCPT) Holdings Boosted by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in Four Corners Property Trust, Inc. (NYSE:FCPT) by 193.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,527 shares of the financial services provider’s stock after acquiring an additional 47,785 shares during the period. Intech Investment Management LLC owned about 0.07% of Four Corners Property Trust worth $1,968,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Mystic Asset Management Inc. bought a new position in Four Corners Property Trust in the fourth quarter worth about $414,000. William Blair Investment Management LLC increased its stake in shares of Four Corners Property Trust by 2.4% in the fourth quarter. William Blair Investment Management LLC now owns 1,399,446 shares of the financial services provider’s stock valued at $37,981,000 after purchasing an additional 33,450 shares during the period. Signaturefd LLC increased its stake in shares of Four Corners Property Trust by 10.4% during the fourth quarter. Signaturefd LLC now owns 6,141 shares of the financial services provider’s stock valued at $167,000 after acquiring an additional 579 shares during the period. Cibc World Markets Corp acquired a new position in shares of Four Corners Property Trust during the fourth quarter valued at approximately $245,000. Finally, Natixis Advisors LLC increased its stake in shares of Four Corners Property Trust by 29.1% during the fourth quarter. Natixis Advisors LLC now owns 40,289 shares of the financial services provider’s stock valued at $1,093,000 after acquiring an additional 9,080 shares during the period. Institutional investors own 98.66% of the company’s stock.

Four Corners Property Trust Trading Up 1.4 %

Four Corners Property Trust stock opened at $28.49 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 26.63 and a beta of 1.16. Four Corners Property Trust, Inc. has a 1 year low of $22.38 and a 1 year high of $30.93. The firm’s 50 day moving average price is $27.95 and its two-hundred day moving average price is $28.40.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates 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%. On average, research analysts predict that Four Corners Property Trust, Inc. will post 1.68 EPS for the current fiscal year.

Four Corners Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Monday, March 31st. Four Corners Property Trust’s dividend payout ratio is 132.71%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on FCPT shares. 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 raised 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 note on Monday, March 10th. Finally, Barclays lowered their price objective 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Four Corners Property Trust has a consensus 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.