Quantbot Technologies LP Has $102,000 Stock Position in Four Corners Property Trust, Inc. (NYSE:FCPT)

Quantbot Technologies LP reduced its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 70.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,485 shares of the financial services provider’s stock after selling 8,412 shares during the quarter. Quantbot Technologies LP’s holdings in Four Corners Property Trust were worth $102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of Four Corners Property Trust by 30.6% during the 3rd 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 period. Earnest Partners LLC increased its stake in Four Corners Property Trust by 31.3% during the second quarter. Earnest Partners LLC now owns 3,188,779 shares of the financial services provider’s stock valued at $78,667,000 after acquiring an additional 759,749 shares during the period. Bank of Montreal Can raised its holdings in Four Corners Property Trust by 1,867.7% in the 3rd quarter. Bank of Montreal Can now owns 228,987 shares of the financial services provider’s stock valued at $6,771,000 after acquiring an additional 217,350 shares in the last quarter. Boston Trust Walden Corp lifted its position in shares of Four Corners Property Trust by 18.7% in the 2nd quarter. Boston Trust Walden Corp now owns 1,216,760 shares of the financial services provider’s stock worth $30,017,000 after acquiring an additional 191,259 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Four Corners Property Trust by 211.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 159,630 shares of the financial services provider’s stock worth $4,679,000 after purchasing an additional 108,345 shares in the last quarter. 98.66% of the stock is owned by institutional investors.

Four Corners Property Trust Stock Down 0.3 %

Shares of NYSE:FCPT opened at $29.17 on Friday. The company’s fifty day moving average is $28.73 and its 200-day moving average is $27.33. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 0.17. Four Corners Property Trust, Inc. has a 52 week low of $22.38 and a 52 week high of $30.93. The company has a market capitalization of $2.82 billion, a PE ratio of 27.26 and a beta of 1.12.

Four Corners Property Trust (NYSE:FCPT) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.14). The firm had revenue of $66.79 million during the quarter, compared to analyst estimates of $63.50 million. Four Corners Property Trust had a net margin of 37.27% and a return on equity of 7.68%. Four Corners Property Trust’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 earnings per share. Equities research analysts predict that Four Corners Property Trust, Inc. will post 1.66 earnings per share for the current fiscal year.

Four Corners Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.355 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Four Corners Property Trust’s previous quarterly dividend of $0.35. This represents a $1.42 dividend on an annualized basis and a yield of 4.87%. Four Corners Property Trust’s dividend payout ratio is 128.97%.

Analysts Set New Price Targets

FCPT has been the subject of a number of recent research reports. UBS Group began coverage on Four Corners Property Trust in a research note on Thursday, November 14th. They issued a “buy” rating and a $33.00 target price for the company. Raymond James increased their price objective on shares of Four Corners Property Trust from $27.00 to $29.00 and gave the company an “outperform” rating in a research note on Wednesday, August 21st. Evercore ISI lifted their target price on shares of Four Corners Property Trust from $26.00 to $28.00 and gave the company an “in-line” rating in a research report on Wednesday, August 28th. JMP Securities reissued a “market perform” rating on shares of Four Corners Property Trust in a research report on Wednesday, August 28th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $32.00 price target (up previously from $28.00) on shares of Four Corners Property Trust in a research note on Tuesday, October 1st. Two 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.50.

Four Corners Property Trust Profile

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.