Maryland State Retirement & Pension System Has $833,000 Position in Four Corners Property Trust, Inc. (NYSE:FCPT)

Maryland State Retirement & Pension System cut its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 1.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,915 shares of the financial services provider’s stock after selling 443 shares during the period. Maryland State Retirement & Pension System’s holdings in Four Corners Property Trust were worth $833,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in shares of Four Corners Property Trust by 183.5% during the 4th quarter. CWM LLC now owns 1,372 shares of the financial services provider’s stock valued at $35,000 after buying an additional 888 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Four Corners Property Trust in the fourth quarter valued at approximately $66,000. Signaturefd LLC grew its position in Four Corners Property Trust by 76.2% in the fourth quarter. Signaturefd LLC now owns 4,168 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 1,803 shares in the last quarter. Everence Capital Management Inc. acquired a new position in shares of Four Corners Property Trust during the 4th quarter worth $212,000. Finally, NJ State Employees Deferred Compensation Plan bought a new position in shares of Four Corners Property Trust during the 4th quarter valued at $213,000. Institutional investors and hedge funds own 98.66% of the company’s stock.

Analyst Ratings Changes

Separately, Wells Fargo & Company upped their price objective on shares of Four Corners Property Trust from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th.

Four Corners Property Trust Stock Up 0.7 %

Shares of Four Corners Property Trust stock opened at $24.23 on Friday. Four Corners Property Trust, Inc. has a 12-month low of $20.51 and a 12-month high of $27.60. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.40. The stock has a 50 day moving average price of $23.90 and a two-hundred day moving average price of $23.72. The stock has a market capitalization of $2.23 billion, a P/E ratio of 22.64 and a beta of 1.01.

Four Corners Property Trust (NYSE:FCPT) last posted its earnings results on Thursday, February 15th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.13). The firm 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 37.44% and a return on equity of 7.65%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 earnings per share. Equities analysts expect that Four Corners Property Trust, Inc. will post 1.64 earnings per share for the current year.

Four Corners Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.345 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 5.70%. Four Corners Property Trust’s payout ratio is presently 128.97%.

Four Corners Property Trust Company 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.