Four Corners Property Trust, Inc. (NYSE:FCPT) Stake Boosted by Boston Trust Walden Corp

Boston Trust Walden Corp boosted its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 9.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,332,684 shares of the financial services provider’s stock after purchasing an additional 115,924 shares during the quarter. Boston Trust Walden Corp owned approximately 1.45% of Four Corners Property Trust worth $39,061,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Larson Financial Group LLC boosted its holdings in shares of Four Corners Property Trust by 25,000.0% during the first quarter. Larson Financial Group LLC now owns 1,004 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,000 shares during the period. Covestor Ltd boosted its stake in Four Corners Property Trust by 23.2% during the 1st quarter. Covestor Ltd now owns 2,493 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 470 shares during the period. Blue Trust Inc. grew its position in Four Corners Property Trust by 1,469.1% in the 2nd quarter. Blue Trust Inc. now owns 3,703 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 3,467 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Four Corners Property Trust by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,570 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 921 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Four Corners Property Trust by 24.0% during the third quarter. GAMMA Investing LLC now owns 4,205 shares of the financial services provider’s stock valued at $123,000 after buying an additional 814 shares during the last quarter. 98.66% of the stock is currently owned by institutional investors.

Four Corners Property Trust Price Performance

NYSE:FCPT opened at $28.24 on Friday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.43. The business’s 50-day moving average price is $28.95 and its 200 day moving average price is $26.37. Four Corners Property Trust, Inc. has a 52-week low of $20.51 and a 52-week high of $30.93. The firm has a market cap of $2.62 billion, a P/E ratio of 26.39 and a beta of 1.10.

Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.14). Four Corners Property Trust had a return on equity of 7.72% and a net margin of 37.01%. The business had revenue of $66.48 million during the quarter, compared to analyst estimates of $63.70 million. During the same period in the prior year, the firm earned $0.42 EPS. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, sell-side analysts predict that Four Corners Property Trust, Inc. will post 1.66 earnings per share for the current fiscal year.

Four Corners Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.345 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.38 annualized dividend and a dividend yield of 4.89%. Four Corners Property Trust’s dividend payout ratio is currently 128.97%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. JMP Securities reissued a “market perform” rating on shares of Four Corners Property Trust in a report on Wednesday, August 28th. Raymond James raised their price target on Four Corners Property Trust from $27.00 to $29.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st. Evercore ISI boosted their price target on shares of Four Corners Property Trust from $26.00 to $28.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $32.00 price target (up from $28.00) on shares of Four Corners Property Trust in a research note on Tuesday, October 1st.

About Four Corners Property Trust

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.