Invesco Ltd. Has $83.40 Million Stock Holdings in Four Corners Property Trust, Inc. (NYSE:FCPT)

Invesco Ltd. boosted its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,072,755 shares of the financial services provider’s stock after purchasing an additional 85,476 shares during the period. Invesco Ltd. owned about 3.18% of Four Corners Property Trust worth $83,395,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its position in shares of Four Corners Property Trust by 234.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider’s stock worth $32,000 after buying an additional 817 shares during the last quarter. Smartleaf Asset Management LLC raised 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 acquiring an additional 860 shares in the last quarter. VSM Wealth Advisory LLC bought a new position in shares of Four Corners Property Trust in the fourth quarter worth about $39,000. Synergy Investment Management LLC acquired a new stake in shares of Four Corners Property Trust in the 4th quarter valued at approximately $48,000. Finally, Eagle Bay Advisors LLC boosted its position in Four Corners Property Trust by 25.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 2,125 shares of the financial services provider’s stock valued at $58,000 after buying an additional 425 shares in the last quarter. Institutional investors and hedge funds own 98.66% of the company’s stock.

Analysts Set New Price Targets

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

Four Corners Property Trust Stock Performance

Shares of FCPT opened at $27.05 on Monday. 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 debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.11. The stock has a 50 day moving average price of $28.03 and a two-hundred day moving average price of $28.15. The firm has a market capitalization of $2.70 billion, a P/E ratio of 25.28 and a beta of 0.93.

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 (EPS) for the quarter, topping 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%. Equities analysts forecast that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current fiscal 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. This represents a $1.42 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date is Monday, March 31st. Four Corners Property Trust’s payout ratio is 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.