Mitsubishi UFJ Asset Management Co. Ltd. Buys 4,437 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 7.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,406 shares of the financial services provider’s stock after purchasing an additional 4,437 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.07% of Four Corners Property Trust worth $1,722,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC boosted its position in shares of Four Corners Property Trust by 91.2% during the fourth quarter. SG Americas Securities LLC now owns 9,872 shares of the financial services provider’s stock worth $268,000 after buying an additional 4,708 shares during the period. Geode Capital Management LLC boosted its position in Four Corners Property Trust by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,357,175 shares of the financial services provider’s stock worth $69,101,000 after acquiring an additional 27,552 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Four Corners Property Trust by 1.3% during the 4th quarter. Bank of New York Mellon Corp now owns 891,425 shares of the financial services provider’s stock worth $24,193,000 after acquiring an additional 11,131 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Four Corners Property Trust by 6.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,612,978 shares of the financial services provider’s stock valued at $43,776,000 after purchasing an additional 94,903 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in shares of Four Corners Property Trust in the fourth quarter worth $419,000. Institutional investors and hedge funds own 98.66% of the company’s stock.

Four Corners Property Trust Stock Down 0.1 %

Four Corners Property Trust stock opened at $28.69 on Wednesday. Four Corners Property Trust, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $30.93. The firm has a market capitalization of $2.87 billion, a PE ratio of 26.81 and a beta of 1.16. The company’s 50-day moving average is $28.15 and its 200-day moving average is $28.35. 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 released its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.16. Four Corners Property Trust had a return on equity of 7.54% and a net margin of 37.48%. Sell-side analysts anticipate that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current year.

Four Corners Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.355 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.42 annualized dividend and a dividend yield of 4.95%. Four Corners Property Trust’s dividend payout ratio is currently 132.71%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FCPT shares. Barclays decreased 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 report on Tuesday, February 4th. JMP Securities reaffirmed a “market perform” rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Finally, Wells Fargo & Company increased their price target on Four Corners Property Trust from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, March 10th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Four Corners Property Trust has an average rating of “Moderate Buy” and a consensus target price of $30.20.

Four Corners Property Trust Company Profile

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.