Advisors Asset Management Inc. raised its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 9.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 44,535 shares of the financial services provider’s stock after purchasing an additional 3,869 shares during the quarter. Advisors Asset Management Inc. owned 0.07% of Four Corners Property Trust worth $1,110,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Legal & General Group Plc increased its stake in Four Corners Property Trust by 9.2% in the second quarter. Legal & General Group Plc now owns 251,246 shares of the financial services provider’s stock valued at $6,309,000 after acquiring an additional 21,226 shares during the period. Comerica Bank increased its stake in Four Corners Property Trust by 11.1% in the second quarter. Comerica Bank now owns 63,816 shares of the financial services provider’s stock valued at $1,607,000 after acquiring an additional 6,357 shares during the period. Renaissance Technologies LLC bought a new stake in Four Corners Property Trust in the first quarter valued at about $1,301,000. Goldman Sachs Group Inc. increased its stake in Four Corners Property Trust by 1.3% in the second quarter. Goldman Sachs Group Inc. now owns 322,043 shares of the financial services provider’s stock valued at $8,086,000 after acquiring an additional 4,085 shares during the period. Finally, State Street Corp increased its stake in Four Corners Property Trust by 6.7% in the second quarter. State Street Corp now owns 1,745,481 shares of the financial services provider’s stock valued at $43,831,000 after acquiring an additional 109,180 shares during the period. Institutional investors own 86.41% of the company’s stock.

A number of research firms recently weighed in on FCPT. UBS raised shares of Four Corners Property Trust from a “market perform” rating to an “outperform” rating in a research note on Tuesday, August 15th. Zacks Investment Research cut shares of Four Corners Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Raymond James Financial raised shares of Four Corners Property Trust from a “market perform” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Tuesday, August 15th. BidaskClub cut shares of Four Corners Property Trust from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Finally, Ladenburg Thalmann Financial Services reissued a “buy” rating and issued a $27.00 target price (up previously from $24.00) on shares of Four Corners Property Trust in a research note on Wednesday, August 16th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $27.25.

Four Corners Property Trust, Inc. (NYSE FCPT) traded down $0.35 during trading hours on Friday, reaching $26.10. 387,000 shares of the company’s stock were exchanged, compared to its average volume of 330,722. The firm has a market capitalization of $1,610.00 and a price-to-earnings ratio of 19.78. Four Corners Property Trust, Inc. has a 52-week low of $18.32 and a 52-week high of $26.75.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a $0.275 dividend. The ex-dividend date is Thursday, December 28th. This is a positive change from Four Corners Property Trust’s previous quarterly dividend of $0.24. This represents a $1.10 dividend on an annualized basis and a yield of 4.21%. Four Corners Property Trust’s payout ratio is 68.79%.

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Four Corners Property Trust Company Profile

Four Corners Property Trust, Inc is a self-administered company and real estate investment trust (REIT), which owns, acquires and leases properties for use in the restaurant and food service related industries. The Company operates through two segments: real estate operations and restaurant operations.

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

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