Raymond James Trust N.A. Purchases Shares of 8,562 Four Corners Property Trust, Inc. (NYSE:FCPT)

Raymond James Trust N.A. purchased a new stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPTFree Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 8,562 shares of the financial services provider’s stock, valued at approximately $217,000.

Other large investors have also recently added to or reduced their stakes in the company. Belpointe Asset Management LLC increased its position in Four Corners Property Trust by 1,120.0% during the 1st quarter. Belpointe Asset Management LLC now owns 915 shares of the financial services provider’s stock worth $25,000 after buying an additional 840 shares during the period. Fortis Capital Advisors LLC increased its position in Four Corners Property Trust by 18,200.0% during the 1st quarter. Fortis Capital Advisors LLC now owns 915 shares of the financial services provider’s stock worth $25,000 after buying an additional 910 shares during the period. Eagle Bay Advisors LLC bought a new position in Four Corners Property Trust during the 2nd quarter worth $33,000. Covestor Ltd increased its position in shares of Four Corners Property Trust by 5,480.0% in the second quarter. Covestor Ltd now owns 1,674 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,644 shares during the period. Finally, Lazard Asset Management LLC bought a new position in shares of Four Corners Property Trust in the third quarter worth $52,000. Institutional investors own 98.66% of the company’s stock.

Wall Street Analysts Forecast Growth

FCPT has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on Four Corners Property Trust from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 20th. Raymond James decreased their price target on Four Corners Property Trust from $29.00 to $28.00 and set an “outperform” rating on the stock in a research report on Monday, January 8th.

Read Our Latest Analysis on Four Corners Property Trust

Four Corners Property Trust Stock Performance

NYSE:FCPT opened at $24.12 on Wednesday. The stock’s 50-day simple moving average is $23.85 and its 200 day simple moving average is $23.52. The firm has a market capitalization of $2.22 billion, a PE ratio of 22.33 and a beta of 1.00. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.35. Four Corners Property Trust, Inc. has a twelve month low of $20.51 and a twelve month high of $27.60.

Four Corners Property Trust (NYSE:FCPTGet Free Report) last released its quarterly earnings data on Thursday, February 15th. The financial services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.13). The business had revenue of $65.14 million during the quarter, compared to analyst estimates of $65.23 million. Four Corners Property Trust had a net margin of 38.04% and a return on equity of 7.78%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period last year, the business earned $0.41 earnings per share. On average, analysts anticipate that Four Corners Property Trust, Inc. will post 1.64 EPS for the current fiscal year.

Four Corners Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be paid a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 5.72%. The ex-dividend date is Wednesday, March 27th. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 127.78%.

Four Corners Property Trust Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Four Corners Property Trust (NYSE:FCPT)

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