NJ State Employees Deferred Compensation Plan Makes New $213,000 Investment in Four Corners Property Trust, Inc. (NYSE:FCPT)

NJ State Employees Deferred Compensation Plan acquired a new position in Four Corners Property Trust, Inc. (NYSE:FCPT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,400 shares of the financial services provider’s stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of FCPT. FMR LLC lifted its stake in shares of Four Corners Property Trust by 12.1% during the third quarter. FMR LLC now owns 9,831,411 shares of the financial services provider’s stock valued at $218,159,000 after acquiring an additional 1,061,170 shares during the period. Richard Bernstein Advisors LLC bought a new stake in Four Corners Property Trust in the third quarter valued at about $4,878,000. Rye Brook Capital LLC increased its holdings in Four Corners Property Trust by 59.0% in the fourth quarter. Rye Brook Capital LLC now owns 421,000 shares of the financial services provider’s stock valued at $10,651,000 after purchasing an additional 156,300 shares during the last quarter. Deutsche Bank AG increased its holdings in Four Corners Property Trust by 34.9% in the third quarter. Deutsche Bank AG now owns 507,017 shares of the financial services provider’s stock valued at $11,251,000 after purchasing an additional 131,262 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Four Corners Property Trust by 1.0% in the third quarter. Vanguard Group Inc. now owns 10,224,604 shares of the financial services provider’s stock valued at $226,884,000 after purchasing an additional 102,504 shares during the last quarter. Institutional investors and hedge funds own 98.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FCPT. Wells Fargo & Company upped their price objective on Four Corners Property Trust from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. Raymond James lowered their price target on Four Corners Property Trust from $29.00 to $28.00 and set an “outperform” rating for the company in a report on Monday, January 8th.

Four Corners Property Trust Trading Down 0.2 %

Shares of Four Corners Property Trust stock traded down $0.04 during trading hours on Friday, hitting $23.44. The company’s stock had a trading volume of 291,730 shares, compared to its average volume of 511,778. Four Corners Property Trust, Inc. has a 12 month low of $20.51 and a 12 month high of $27.60. The stock has a 50 day moving average of $23.86 and a 200 day moving average of $23.58. The company has a market capitalization of $2.16 billion, a PE ratio of 21.74 and a beta of 1.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.12 and a quick ratio of 0.12.

Four Corners Property Trust (NYSE:FCPT) last posted 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). Four Corners Property Trust had a return on equity of 7.78% and a net margin of 38.04%. The firm had revenue of $65.14 million for the quarter, compared to analyst estimates of $65.23 million. During the same period in the prior year, the company earned $0.41 earnings per share. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. Analysts predict that Four Corners Property Trust, Inc. will post 1.64 earnings per share for the current year.

Four Corners Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.345 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.38 annualized dividend and a yield of 5.89%. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 127.78%.

Four Corners Property Trust 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.