Four Corners Property Trust Inc (NYSE:FCPT) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its holdings in Four Corners Property Trust Inc (NYSE:FCPT) by 3.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 744,696 shares of the financial services provider’s stock after acquiring an additional 24,108 shares during the quarter. Daiwa Securities Group Inc. owned approximately 1.09% of Four Corners Property Trust worth $20,353,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in FCPT. Royal London Asset Management Ltd. acquired a new position in shares of Four Corners Property Trust in the 1st quarter valued at $26,000. Marshall Wace North America L.P. increased its holdings in shares of Four Corners Property Trust by 37.8% in the 1st quarter. Marshall Wace North America L.P. now owns 2,328 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 638 shares during the period. Osborn Williams & Donohoe LLC acquired a new position in shares of Four Corners Property Trust in the 1st quarter valued at $101,000. Raymond James Trust N.A. acquired a new position in shares of Four Corners Property Trust in the 1st quarter valued at $206,000. Finally, Fox Run Management L.L.C. purchased a new position in Four Corners Property Trust in the 2nd quarter valued at $208,000. 89.86% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently weighed in on FCPT. ValuEngine lowered shares of Four Corners Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday. Barclays began coverage on shares of Four Corners Property Trust in a research report on Wednesday, May 15th. They issued an “equal weight” rating and a $29.00 price objective on the stock. Boenning Scattergood reiterated a “buy” rating and issued a $30.00 price objective on shares of Four Corners Property Trust in a research report on Wednesday, April 24th. Berenberg Bank upgraded shares of Four Corners Property Trust from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Janney Montgomery Scott began coverage on shares of Four Corners Property Trust in a research report on Friday, June 21st. They issued a “buy” rating and a $32.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $31.40.

Shares of NYSE FCPT opened at $27.10 on Friday. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 19.22 and a beta of 0.18. Four Corners Property Trust Inc has a one year low of $24.58 and a one year high of $29.85. The stock’s fifty day moving average is $27.63. The company has a quick ratio of 5.78, a current ratio of 3.77 and a debt-to-equity ratio of 0.90.

Four Corners Property Trust (NYSE:FCPT) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.10). The company had revenue of $39.57 million for the quarter, compared to analysts’ expectations of $40.64 million. Four Corners Property Trust had a return on equity of 10.75% and a net margin of 48.31%. Four Corners Property Trust’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. As a group, equities research analysts forecast that Four Corners Property Trust Inc will post 1.45 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $0.287 per share. The ex-dividend date was Thursday, June 27th. This represents a $1.15 annualized dividend and a dividend yield of 4.24%. Four Corners Property Trust’s payout ratio is currently 81.56%.

Four Corners Property Trust Profile

FCPT is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio primarily by acquiring additional real estate to lease, on a net basis, for use in the restaurant and food industry.

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

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