Avantax Advisory Services Inc. Grows Stake in Four Corners Property Trust, Inc. (NYSE:FCPT)

Avantax Advisory Services Inc. grew its position in Four Corners Property Trust, Inc. (NYSE:FCPT) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,434 shares of the financial services provider’s stock after purchasing an additional 736 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Four Corners Property Trust were worth $1,179,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FCPT. FMR LLC grew its holdings in Four Corners Property Trust by 30.6% in the third quarter. FMR LLC now owns 13,930,746 shares of the financial services provider’s stock worth $408,310,000 after purchasing an additional 3,268,064 shares during the last quarter. Heitman Real Estate Securities LLC acquired a new stake in shares of Four Corners Property Trust during the third quarter worth $24,863,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Four Corners Property Trust by 539.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 687,318 shares of the financial services provider’s stock worth $20,145,000 after buying an additional 579,849 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Four Corners Property Trust during the fourth quarter worth $12,845,000. Finally, Bank of Montreal Can lifted its stake in shares of Four Corners Property Trust by 1,867.7% during the third quarter. Bank of Montreal Can now owns 228,987 shares of the financial services provider’s stock worth $6,771,000 after buying an additional 217,350 shares during the period. 98.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FCPT has been the subject of several research reports. Wells Fargo & Company lifted their price objective on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a research note on Thursday, February 13th. Finally, Barclays lowered their price objective 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 note on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.20.

Four Corners Property Trust Trading Up 0.1 %

NYSE FCPT opened at $28.09 on Thursday. The company has a market capitalization of $2.81 billion, a PE ratio of 26.25 and a beta of 1.16. The company has a fifty day moving average of $27.92 and a 200 day moving average of $28.40. Four Corners Property Trust, Inc. has a 1 year low of $22.38 and a 1 year high of $30.93. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11.

Four Corners Property Trust (NYSE:FCPT) last posted its earnings results on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share (EPS) 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%. Research analysts forecast that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current year.

Four Corners Property Trust Dividend Announcement

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 $0.355 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.06%. Four Corners Property Trust’s dividend payout ratio (DPR) is currently 132.71%.

About Four Corners Property Trust

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.