RMR Advisors LLC Invests $498,000 in Four Corners Property Trust, Inc. (FCPT)

RMR Advisors LLC bought a new position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 20,000 shares of the financial services provider’s stock, valued at approximately $498,000.

Other hedge funds have also recently bought and sold shares of the company. Parametric Portfolio Associates LLC boosted its stake in shares of Four Corners Property Trust by 2.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 88,925 shares of the financial services provider’s stock worth $2,030,000 after acquiring an additional 1,741 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Four Corners Property Trust by 9.2% during the 2nd quarter. Legal & General Group Plc now owns 251,246 shares of the financial services provider’s stock worth $6,309,000 after acquiring an additional 21,226 shares in the last quarter. Comerica Bank boosted its stake in shares of Four Corners Property Trust by 11.1% during the 2nd quarter. Comerica Bank now owns 63,816 shares of the financial services provider’s stock worth $1,607,000 after acquiring an additional 6,357 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Four Corners Property Trust during the 1st quarter worth about $1,301,000. Finally, Vanguard Group Inc. boosted its stake in shares of Four Corners Property Trust by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 7,454,371 shares of the financial services provider’s stock worth $170,184,000 after acquiring an additional 117,057 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

FCPT has been the topic of several recent analyst reports. BidaskClub lowered shares of Four Corners Property Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Canaccord Genuity initiated coverage on shares of Four Corners Property Trust in a research note on Tuesday, July 18th. They set a “hold” rating and a $26.00 target price on the stock. Zacks Investment Research raised shares of Four Corners Property Trust from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Wednesday, July 12th. Finally, Ladenburg Thalmann Financial Services reissued a “buy” rating and set a $28.00 target price (up from $27.00) on shares of Four Corners Property Trust in a research note on Friday, September 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.25.

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Four Corners Property Trust, Inc. (NYSE FCPT) opened at 24.80 on Wednesday. The company has a 50-day moving average of $25.10 and a 200-day moving average of $24.73. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 18.30 and a beta of 0.13. Four Corners Property Trust, Inc. has a 52 week low of $16.71 and a 52 week high of $25.94.

Four Corners Property Trust (NYSE:FCPT) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Four Corners Property Trust had a return on equity of 17.21% and a net margin of 63.74%. The company had revenue of $33.20 million for the quarter, compared to analysts’ expectations of $33.33 million. During the same period in the prior year, the firm posted $0.33 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. Analysts anticipate that Four Corners Property Trust, Inc. will post $1.03 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were issued a $0.243 dividend. This represents a $0.97 annualized dividend and a dividend yield of 3.94%. The ex-dividend date was Thursday, September 28th. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 71.85%.

Four Corners Property Trust Company Profile

Four Corners Property Trust, Inc is a self-administered company and real estate investment trust (REIT), which owns, acquires and leases properties for use in the restaurant and food service related industries. The Company operates through two segments: real estate operations and restaurant operations.

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

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