Maryland State Retirement & Pension System Increases Position in Four Corners Property Trust, Inc. (NYSE:FCPT)

Maryland State Retirement & Pension System raised its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 4.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 32,576 shares of the financial services provider’s stock after acquiring an additional 1,284 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Four Corners Property Trust were worth $884,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Four Corners Property Trust by 234.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 817 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Four Corners Property Trust by 165.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 860 shares during the period. Synergy Investment Management LLC purchased a new stake in shares of Four Corners Property Trust in the 4th quarter valued at $48,000. Truvestments Capital LLC acquired a new stake in shares of Four Corners Property Trust during the third quarter worth about $51,000. Finally, Eagle Bay Advisors LLC boosted its position in 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 buying an additional 425 shares during the period. 98.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wells Fargo & Company increased their price target on 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. JMP Securities reaffirmed a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Finally, Barclays cut 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.20.

Four Corners Property Trust Stock Performance

Four Corners Property Trust stock opened at $28.13 on Monday. The stock has a fifty day moving average price of $27.99 and a 200 day moving average price of $28.40. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36. Four Corners Property Trust, Inc. has a 52 week low of $22.38 and a 52 week high of $30.93. The firm has a market capitalization of $2.81 billion, a P/E ratio of 26.29 and a beta of 1.16.

Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share for the quarter, beating 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%. Equities research analysts anticipate that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current year.

Four Corners Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.355 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a yield of 5.05%. 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.