Daiwa Securities Group Inc. increased its holdings in Four Corners Property Trust Inc (NYSE:FCPT) by 17.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 719,588 shares of the financial services provider’s stock after buying an additional 106,158 shares during the period. Daiwa Securities Group Inc. owned about 1.06% of Four Corners Property Trust worth $18,853,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of FCPT. Securian Asset Management Inc increased its holdings in shares of Four Corners Property Trust by 39.6% during the 4th quarter. Securian Asset Management Inc now owns 420,400 shares of the financial services provider’s stock worth $11,015,000 after buying an additional 119,200 shares during the last quarter. M&T Bank Corp increased its holdings in shares of Four Corners Property Trust by 2.7% during the 4th quarter. M&T Bank Corp now owns 13,804 shares of the financial services provider’s stock worth $362,000 after buying an additional 363 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Four Corners Property Trust by 11.2% during the 4th quarter. SG Americas Securities LLC now owns 10,107 shares of the financial services provider’s stock worth $265,000 after buying an additional 1,017 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Four Corners Property Trust by 23.8% during the 4th quarter. Rhumbline Advisers now owns 204,081 shares of the financial services provider’s stock worth $5,347,000 after buying an additional 39,193 shares during the last quarter. Finally, Wambolt & Associates LLC acquired a new stake in shares of Four Corners Property Trust during the 4th quarter worth approximately $607,000. 92.54% of the stock is owned by institutional investors.

NYSE:FCPT opened at $28.44 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.95 and a quick ratio of 2.95. The company has a market cap of $1.93 billion, a P/E ratio of 20.91 and a beta of 0.36. Four Corners Property Trust Inc has a fifty-two week low of $21.28 and a fifty-two week high of $28.57.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 14th. Investors of record on Friday, January 4th were given a dividend of $0.2875 per share. The ex-dividend date was Thursday, January 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.04%. This is a boost from Four Corners Property Trust’s previous quarterly dividend of $0.28. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 84.56%.

A number of brokerages have recently issued reports on FCPT. Zacks Investment Research upgraded shares of Four Corners Property Trust from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Thursday, January 31st. ValuEngine upgraded shares of Four Corners Property Trust from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Boenning Scattergood began coverage on shares of Four Corners Property Trust in a report on Thursday, December 6th. They set an “outperform” rating and a $30.00 price target for the company. Finally, TheStreet upgraded shares of Four Corners Property Trust from a “c” rating to a “b” rating in a report on Monday, October 29th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $29.00.

In related news, CFO Gerald R. Morgan sold 3,400 shares of the stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $27.03, for a total transaction of $91,902.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.34% of the company’s stock.

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Four Corners Property Trust Company 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 by acquiring additional real estate to lease, on a net basis, for use in the restaurant and related food services industry.

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

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