California Public Employees Retirement System Increases Stake in Four Corners Property Trust, Inc. (FCPT)

California Public Employees Retirement System grew its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 4.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,795 shares of the financial services provider’s stock after buying an additional 6,024 shares during the period. California Public Employees Retirement System owned 0.22% of Four Corners Property Trust worth $3,384,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in FCPT. Schwab Charles Investment Management Inc. raised its position in shares of Four Corners Property Trust by 4.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 264,026 shares of the financial services provider’s stock worth $6,630,000 after purchasing an additional 11,454 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Four Corners Property Trust in the 2nd quarter worth about $106,000. State Board of Administration of Florida Retirement System raised its position in shares of Four Corners Property Trust by 3.5% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 43,642 shares of the financial services provider’s stock worth $1,096,000 after purchasing an additional 1,492 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Four Corners Property Trust by 0.4% in the 2nd quarter. Principal Financial Group Inc. now owns 468,014 shares of the financial services provider’s stock worth $11,752,000 after purchasing an additional 1,744 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Four Corners Property Trust by 6.8% in the 2nd quarter. Swiss National Bank now owns 99,907 shares of the financial services provider’s stock worth $2,509,000 after purchasing an additional 6,400 shares during the last quarter. Hedge funds and other institutional investors own 86.39% of the company’s stock.

Four Corners Property Trust, Inc. (NYSE:FCPT) opened at $24.10 on Friday. The stock has a market capitalization of $1,490.74, a PE ratio of 17.09 and a beta of 0.13. Four Corners Property Trust, Inc. has a 52-week low of $20.40 and a 52-week high of $26.96.

The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 4.56%. The ex-dividend date was Thursday, December 28th. This is a positive change from Four Corners Property Trust’s previous quarterly dividend of $0.24. Four Corners Property Trust’s payout ratio is currently 78.01%.

Several equities analysts have recently issued reports on FCPT shares. BidaskClub lowered Four Corners Property Trust from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Four Corners Property Trust in a research report on Friday, November 3rd. Finally, Zacks Investment Research lowered Four Corners Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Four Corners Property Trust has a consensus rating of “Buy” and an average target price 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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