GW&K Investment Management LLC acquired a new stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) during the second quarter, Holdings Channel reports. The firm acquired 10,415 shares of the financial services provider’s stock, valued at approximately $262,000.

A number of other hedge funds also recently modified their holdings of FCPT. Louisiana State Employees Retirement System raised its stake in shares of Four Corners Property Trust by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 24,398 shares of the financial services provider’s stock worth $557,000 after buying an additional 300 shares during the period. Creative Planning raised its stake in shares of Four Corners Property Trust by 3.9% in the first quarter. Creative Planning now owns 6,782 shares of the financial services provider’s stock worth $155,000 after buying an additional 252 shares during the period. Teachers Advisors LLC raised its stake in shares of Four Corners Property Trust by 0.4% in the fourth quarter. Teachers Advisors LLC now owns 1,055,395 shares of the financial services provider’s stock worth $21,657,000 after buying an additional 4,615 shares during the period. Norges Bank acquired a new stake in shares of Four Corners Property Trust during the fourth quarter worth about $9,776,000. Finally, Putnam Investments LLC raised its stake in shares of Four Corners Property Trust by 3.5% in the fourth quarter. Putnam Investments LLC now owns 22,268 shares of the financial services provider’s stock worth $457,000 after buying an additional 755 shares during the period. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Shares of Four Corners Property Trust, Inc. (NYSE:FCPT) opened at 25.10 on Monday. The firm’s 50-day moving average is $24.71 and its 200-day moving average is $22.43. Four Corners Property Trust, Inc. has a 52 week low of $16.71 and a 52 week high of $25.94. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 19.35 and a beta of 0.18.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be given a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 3.86%. The ex-dividend date is Wednesday, June 28th. Four Corners Property Trust’s payout ratio is 74.62%.

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Separately, Zacks Investment Research upgraded shares of Four Corners Property Trust from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Wednesday, July 12th.

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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