American International Group Inc. boosted its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 6.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,010 shares of the financial services provider’s stock after buying an additional 2,751 shares during the period. American International Group Inc. owned approximately 0.08% of Four Corners Property Trust worth $1,196,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Cortina Asset Management LLC lifted its stake in Four Corners Property Trust by 0.9% during the third quarter. Cortina Asset Management LLC now owns 276,723 shares of the financial services provider’s stock worth $6,896,000 after purchasing an additional 2,428 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Four Corners Property Trust by 6.1% during the third quarter. Ameriprise Financial Inc. now owns 758,284 shares of the financial services provider’s stock worth $18,896,000 after purchasing an additional 43,379 shares during the last quarter. SG Americas Securities LLC lifted its stake in Four Corners Property Trust by 369.4% during the third quarter. SG Americas Securities LLC now owns 19,795 shares of the financial services provider’s stock worth $493,000 after purchasing an additional 15,578 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Four Corners Property Trust by 9.5% during the third quarter. Advisors Asset Management Inc. now owns 44,535 shares of the financial services provider’s stock worth $1,110,000 after purchasing an additional 3,869 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Four Corners Property Trust during the third quarter worth about $199,000. 86.45% of the stock is owned by institutional investors.

Several equities research analysts have issued reports on the company. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and set a $28.00 price target (up previously from $27.00) on shares of Four Corners Property Trust in a research note on Friday, September 22nd. BidaskClub raised Four Corners Property Trust from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Zacks Investment Research raised Four Corners Property Trust from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Tuesday, October 17th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $27.25.

Shares of Four Corners Property Trust, Inc. (NYSE:FCPT) opened at $26.61 on Monday. The stock has a market capitalization of $1,627.81, a PE ratio of 19.85 and a beta of 0.12. Four Corners Property Trust, Inc. has a 52 week low of $19.08 and a 52 week high of $26.75.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a $0.275 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.10 annualized dividend and a dividend yield of 4.13%. This is an increase from Four Corners Property Trust’s previous quarterly dividend of $0.24. Four Corners Property Trust’s payout ratio is currently 68.79%.

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About Four Corners Property Trust

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.

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

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