Deutsche Bank AG Has $17.22 Million Position in Four Corners Property Trust, Inc. (NYSE:FCPT)

Deutsche Bank AG lifted its holdings in Four Corners Property Trust, Inc. (NYSE:FCPT) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 634,564 shares of the financial services provider’s stock after acquiring an additional 27,283 shares during the period. Deutsche Bank AG owned approximately 0.66% of Four Corners Property Trust worth $17,222,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Crestline Management LP bought a new stake in Four Corners Property Trust in the fourth quarter worth approximately $1,588,000. Balyasny Asset Management L.P. acquired a new stake in shares of Four Corners Property Trust during the 4th quarter worth approximately $18,084,000. Aptus Capital Advisors LLC increased its stake in shares of Four Corners Property Trust by 22.6% in the 4th quarter. Aptus Capital Advisors LLC now owns 122,394 shares of the financial services provider’s stock valued at $3,322,000 after acquiring an additional 22,553 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Four Corners Property Trust during the 4th quarter valued at $204,000. Finally, Northern Trust Corp boosted its stake in Four Corners Property Trust by 40.7% during the fourth quarter. Northern Trust Corp now owns 1,330,086 shares of the financial services provider’s stock worth $36,099,000 after acquiring an additional 385,013 shares in the last quarter. 98.66% of the stock is owned by institutional investors and hedge funds.

Four Corners Property Trust Stock Performance

Shares of FCPT stock opened at $26.75 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a 50-day moving average of $27.83 and a 200-day moving average of $27.97. Four Corners Property Trust, Inc. has a one year low of $23.70 and a one year high of $30.93. The company has a market cap of $2.69 billion, a P/E ratio of 25.00 and a beta of 0.86.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Four Corners Property Trust had a net margin of 37.48% and a return on equity of 7.54%. The business had revenue of $71.48 million during the quarter, compared to the consensus estimate of $67.17 million. During the same period in the prior year, the firm posted $0.43 EPS. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities research analysts forecast that Four Corners Property Trust, Inc. will post 1.68 EPS for the current fiscal year.

Four Corners Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date of this dividend was Monday, March 31st. Four Corners Property Trust’s payout ratio is 132.71%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on FCPT shares. Wells Fargo & Company lifted their price target on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. UBS Group decreased their price objective on Four Corners Property Trust from $33.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday. JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Finally, Barclays lowered their price objective on shares of Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.60.

Four Corners Property Trust 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.