Fmr LLC Boosts Stake in Four Corners Property Trust, Inc. (FCPT)

Fmr LLC boosted its stake in Four Corners Property Trust, Inc. (NYSE:FCPT) by 832.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 860,141 shares of the financial services provider’s stock after buying an additional 767,921 shares during the period. Fmr LLC owned 1.44% of Four Corners Property Trust worth $19,637,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. raised its position in Four Corners Property Trust by 162.4% in the first quarter. Ameriprise Financial Inc. now owns 804,651 shares of the financial services provider’s stock valued at $18,371,000 after buying an additional 498,037 shares during the period. Norges Bank bought a new position in Four Corners Property Trust during the fourth quarter valued at approximately $9,776,000. Russell Investments Group Ltd. raised its position in Four Corners Property Trust by 68.0% in the first quarter. Russell Investments Group Ltd. now owns 739,699 shares of the financial services provider’s stock valued at $16,885,000 after buying an additional 299,333 shares during the period. Dimensional Fund Advisors LP raised its position in Four Corners Property Trust by 47.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 415,398 shares of the financial services provider’s stock valued at $8,523,000 after buying an additional 134,521 shares during the period. Finally, Oxford Asset Management bought a new position in Four Corners Property Trust during the first quarter valued at approximately $2,106,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Four Corners Property Trust, Inc. (NYSE FCPT) opened at 25.26 on Tuesday. The firm has a 50-day moving average price of $24.71 and a 200 day moving average price of $22.43. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 19.48 and a beta of 0.18. Four Corners Property Trust, Inc. has a 52-week low of $16.71 and a 52-week high of $25.94.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were issued a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend was Wednesday, June 28th. Four Corners Property Trust’s dividend payout ratio is presently 74.62%.

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Separately, Zacks Investment Research raised Four Corners Property Trust from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 22nd.

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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