KLP Kapitalforvaltning AS Invests $524,000 in Four Corners Property Trust, Inc. (NYSE:FCPT)

KLP Kapitalforvaltning AS purchased a new stake in Four Corners Property Trust, Inc. (NYSE:FCPT – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 19,100 shares of the financial services provider’s stock, valued at approximately $524,000.

Several other institutional investors have also recently bought and sold shares of FCPT. Geode Capital Management LLC boosted its position in shares of Four Corners Property Trust by 1.2% during the third quarter.



Geode Capital Management LLC now owns 2,357,175 shares of the financial services provider’s stock worth $69,101,000 after purchasing an additional 27,552 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Four Corners Property Trust by 2.

7% during the fourth quarter. Principal Financial Group Inc. now owns 1,822,422 shares of the financial services provider’s stock worth $49,463,000 after buying an additional 48,319 shares during the period.

Charles Schwab Investment Management Inc. grew its holdings in shares of Four Corners Property Trust by 6.3% during the fourth quarter.

Charles Schwab Investment Management Inc. now owns 1,612,978 shares of the financial services provider’s stock worth $43,776,000 after buying an additional 94,903 shares in the last quarter. William Blair Investment Management LLC raised its position in Four Corners Property Trust by 2.

4% in the 4th quarter. William Blair Investment Management LLC now owns 1,399,446 shares of the financial services provider’s stock valued at $37,981,000 after buying an additional 33,450 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Four Corners Property Trust by 1.

3% in the 4th quarter. Bank of New York Mellon Corp now owns 891,425 shares of the financial services provider’s stock valued at $24,193,000 after acquiring an additional 11,131 shares in the last quarter. Institutional investors own 98.

66% of the company’s stock. Four Corners Property Trust Stock PerformanceFCPT opened at $28.37 on Friday.

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 business has a fifty day simple moving average of $28.19 and a 200 day simple moving average of $28.

35. Four Corners Property Trust, Inc. has a 1 year low of $22.

38 and a 1 year high of $30.93. The company has a market capitalization of $2.

84 billion, a PE ratio of 26.51 and a beta of 0.93.

Four Corners Property Trust (NYSE:FCPT – Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates 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%. Research analysts expect that Four Corners Property Trust, Inc.

will post 1.68 EPS for the current year. Four Corners Property Trust Dividend AnnouncementThe firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th.

Stockholders of record on Monday, March 31st will be paid a $0.355 dividend. The ex-dividend date is Monday, March 31st.

This represents a $1.42 annualized dividend and a dividend yield of 5.01%.

Four Corners Property Trust’s payout ratio is 132.71%. Analysts Set New Price TargetsSeveral brokerages have issued reports on FCPT.

Barclays lowered their price target on shares of Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th.

Wells Fargo & Company boosted their price target on Four Corners Property Trust from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th.

Finally, JMP Securities reaffirmed a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $30.

20.Read Our Latest Stock Report on Four Corners Property TrustAbout Four Corners Property Trust (Free Report)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.Read MoreFive stocks we like better than Four Corners Property TrustTechnology Stocks Explained: Here’s What to Know About TechShares of RH Down Nearly 40%: Where Investors Can Turn To NowTrading Stocks: RSI and Why it’s UsefulTariffs, Spin-Out, and R2 Updates Are Positive Signs for RivianLow PE Growth Stocks: Unlocking Investment OpportunitiesCathie Wood Loads Up on Baidu—Is It the Right Time to Buy?Want to see what other hedge funds are holding FCPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Four Corners Property Trust, Inc.

(NYSE:FCPT – Free Report)..