Capital International Investors Has $61.54 Million Position in Four Corners Property Trust, Inc. (NYSE:FCPT)

Capital International Investors lifted its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 25.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,267,422 shares of the financial services provider’s stock after purchasing an additional 459,542 shares during the period. Capital International Investors’ holdings in Four Corners Property Trust were worth $61,538,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Four Corners Property Trust by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 10,874,938 shares of the financial services provider’s stock worth $295,146,000 after buying an additional 240,230 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Four Corners Property Trust by 2.9% during the fourth quarter. Invesco Ltd. now owns 3,072,755 shares of the financial services provider’s stock worth $83,395,000 after acquiring an additional 85,476 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Four Corners Property Trust by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 2,455,295 shares of the financial services provider’s stock worth $66,651,000 after acquiring an additional 98,120 shares during the period. Principal Financial Group Inc. increased its stake in shares of Four Corners Property Trust by 2.7% during the fourth quarter. Principal Financial Group Inc. now owns 1,822,422 shares of the financial services provider’s stock worth $49,463,000 after purchasing an additional 48,319 shares during the period. Finally, Marshall Wace LLP lifted its holdings in Four Corners Property Trust by 33.6% during the 4th quarter. Marshall Wace LLP now owns 1,631,150 shares of the financial services provider’s stock worth $44,269,000 after purchasing an additional 410,458 shares during the last quarter. 98.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FCPT. Wells Fargo & Company lifted their target price on Four Corners Property Trust from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Monday, March 10th. JMP Securities reissued a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Finally, 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 report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $30.20.

Four Corners Property Trust Price Performance

FCPT stock opened at $28.19 on Friday. The company’s 50-day moving average price is $28.03 and its two-hundred day moving average price is $28.11. Four Corners Property Trust, Inc. has a 12 month low of $22.89 and a 12 month high of $30.93. 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 firm has a market cap of $2.82 billion, a P/E ratio of 26.34 and a beta of 0.93.

Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.44 EPS for the quarter, beating 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%. On average, analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 5.04%. The ex-dividend date was Monday, March 31st. Four Corners Property Trust’s payout ratio is 132.71%.

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.