2 weeks Ago By Defense World Staff
Bank of Montreal Can lowered its stake in Four Corners Property Trust, Inc. ( NYSE:FCPT – Free Report ) by 87.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 29,384 shares of the financial services provider’s stock after selling 199,603 shares during the quarter. Bank of Montreal Can’s holdings in Four Corners Property Trust were worth $797,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also made changes to their positions in FCPT.
Vanguard Group Inc. lifted its position in shares of Four Corners Property Trust by 2.3% in the fourth 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 in the last quarter. Geode Capital Management LLC raised its holdings in shares of Four Corners Property Trust by 4.
2% during the 4th 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 in the last quarter. Principal Financial Group Inc.
boosted its position in shares of Four Corners Property Trust by 2.7% during the 4th quarter. Principal Financial Group Inc.
now owns 1,822,422 shares of the financial services provider’s stock valued at $49,463,000 after acquiring an additional 48,319 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Four Corners Property Trust by 6.
3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,612,978 shares of the financial services provider’s stock valued at $43,776,000 after purchasing an additional 94,903 shares in the last quarter.
Finally, William Blair Investment Management LLC grew its holdings 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 in the last quarter.
Institutional investors own 98.66% of the company’s stock. Analyst Upgrades and Downgrades FCPT has been the subject of several research reports.
JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Wells Fargo & Company upped 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 report on Monday, March 10th. Finally, Barclays dropped their price target on Four Corners Property Trust from $31.00 to $30.
00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Three equities research 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.20. Four Corners Property Trust Stock Performance Shares of NYSE:FCPT opened at $28.
19 on Friday. 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 12 month low of $22.89 and a 12 month high of $30.93.
The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 26.34 and a beta of 0.
93. The firm’s 50-day moving average is $28.03 and its 200 day moving average is $28.
11. Four Corners Property Trust ( NYSE:FCPT – Get Free Report ) last released its earnings results on Wednesday, February 12th. The financial services provider reported $0.
44 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.16.
Four Corners Property Trust had a return on equity of 7.54% and a net margin of 37.48%.
Research analysts predict that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.
Four Corners Property Trust Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.355 per share.
The ex-dividend date was Monday, March 31st. This represents a $1.42 annualized dividend and a dividend yield of 5.
04%. Four Corners Property Trust’s dividend payout ratio (DPR) is 132.71%.
Four Corners Property Trust Profile ( Free Report ) 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.
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