11,010 Shares in Four Corners Property Trust, Inc. (NYSE:FCPT) Acquired by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. acquired a new stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) in the fourth quarter, Holdings Channel.com reports. The firm acquired 11,010 shares of the financial services provider’s stock, valued at approximately $299,000.

Other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in shares of Four Corners Property Trust by 234.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 817 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Four Corners Property Trust by 165.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the financial services provider’s stock worth $38,000 after buying an additional 860 shares during the last quarter. VSM Wealth Advisory LLC acquired a new position in shares of Four Corners Property Trust during the 4th quarter valued at about $39,000. Synergy Investment Management LLC purchased a new stake in shares of Four Corners Property Trust in the 4th quarter valued at approximately $48,000. Finally, Eagle Bay Advisors LLC increased its stake in Four Corners Property Trust by 25.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 425 shares during the last quarter. 98.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Barclays dropped their price target on shares of 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. JMP Securities reissued a “market perform” rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Finally, Wells Fargo & Company raised their price target on 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Four Corners Property Trust has a consensus rating of “Moderate Buy” and an average target price of $30.20.

Four Corners Property Trust Stock Performance

Shares of FCPT opened at $28.52 on Friday. The firm has a market cap of $2.85 billion, a PE ratio of 26.65 and a beta of 1.16. The company’s 50 day simple moving average is $28.11 and its 200-day simple moving average is $28.37. 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 $22.38 and a 12-month high of $30.93.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share for the quarter, topping 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%. As a group, equities analysts predict that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Four Corners Property Trust Announces Dividend

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