Schroder Investment Management Group bought a new position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,066 shares of the financial services provider’s stock, valued at approximately $201,000.

A number of other hedge funds also recently made changes to their positions in the stock. Legal & General Group Plc increased its holdings in Four Corners Property Trust by 9.2% in the 2nd quarter. Legal & General Group Plc now owns 251,246 shares of the financial services provider’s stock valued at $6,309,000 after buying an additional 21,226 shares during the period. Comerica Bank increased its holdings in Four Corners Property Trust by 11.1% in the 2nd quarter. Comerica Bank now owns 63,816 shares of the financial services provider’s stock valued at $1,607,000 after buying an additional 6,357 shares during the period. State Street Corp increased its holdings in Four Corners Property Trust by 6.7% in the 2nd quarter. State Street Corp now owns 1,745,481 shares of the financial services provider’s stock valued at $43,831,000 after buying an additional 109,180 shares during the period. Renaissance Technologies LLC bought a new stake in Four Corners Property Trust in the 1st quarter valued at $1,301,000. Finally, Goldman Sachs Group Inc. increased its holdings in Four Corners Property Trust by 1.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 322,043 shares of the financial services provider’s stock valued at $8,086,000 after buying an additional 4,085 shares during the period. 86.39% of the stock is currently owned by institutional investors and hedge funds.

Shares of Four Corners Property Trust, Inc. (FCPT) opened at $26.31 on Wednesday. Four Corners Property Trust, Inc. has a 52 week low of $19.38 and a 52 week high of $26.96. The company has a market cap of $1,630.26, a price-to-earnings ratio of 19.88 and a beta of 0.12.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Thursday, December 28th. 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%.

Several brokerages have issued reports on FCPT. Zacks Investment Research lowered shares of Four Corners Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. BidaskClub raised shares of Four Corners Property Trust from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Finally, Ladenburg Thalmann Financial Services restated a “buy” rating and issued a $28.00 target price (up previously from $27.00) on shares of Four Corners Property Trust in a research note on Friday, September 22nd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Four Corners Property Trust presently has an average rating of “Buy” and an average price target of $27.25.

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Four Corners Property Trust 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.

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

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