Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Bought by Swiss National Bank

Swiss National Bank grew its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPTGet Rating) by 3.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 189,307 shares of the financial services provider’s stock after acquiring an additional 6,400 shares during the period. Swiss National Bank’s holdings in Four Corners Property Trust were worth $5,034,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC increased its stake in Four Corners Property Trust by 859.1% during the second quarter. Harbor Investment Advisory LLC now owns 1,218 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 1,091 shares during the last quarter. Pinebridge Investments L.P. boosted its position in shares of Four Corners Property Trust by 347.0% in the second quarter. Pinebridge Investments L.P. now owns 1,341 shares of the financial services provider’s stock worth $36,000 after buying an additional 1,041 shares during the period. Prospera Financial Services Inc purchased a new stake in shares of Four Corners Property Trust in the first quarter worth about $37,000. WASHINGTON TRUST Co purchased a new stake in shares of Four Corners Property Trust in the first quarter worth about $41,000. Finally, Quantbot Technologies LP boosted its position in shares of Four Corners Property Trust by 72.4% in the first quarter. Quantbot Technologies LP now owns 2,559 shares of the financial services provider’s stock worth $69,000 after buying an additional 1,075 shares during the period. 94.65% of the stock is currently owned by institutional investors and hedge funds.

Four Corners Property Trust Trading Down 0.8 %

Shares of FCPT opened at $26.77 on Friday. The company has a market capitalization of $2.25 billion, a P/E ratio of 21.76 and a beta of 0.88. Four Corners Property Trust, Inc. has a one year low of $22.67 and a one year high of $30.13. The company has a debt-to-equity ratio of 0.90, a quick ratio of 3.51 and a current ratio of 3.51. The stock has a 50-day moving average price of $25.30 and a 200 day moving average price of $26.60.

Four Corners Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 30th will be issued a $0.34 dividend. The ex-dividend date is Thursday, December 29th. This represents a $1.36 dividend on an annualized basis and a yield of 5.08%. This is an increase from Four Corners Property Trust’s previous quarterly dividend of $0.33. Four Corners Property Trust’s dividend payout ratio is currently 108.13%.

Analyst Ratings Changes

FCPT has been the subject of several analyst reports. Robert W. Baird decreased their target price on Four Corners Property Trust from $30.00 to $27.00 and set an “outperform” rating for the company in a research report on Friday, October 7th. Janney Montgomery Scott downgraded Four Corners Property Trust to a “neutral” rating in a research report on Tuesday, August 9th. Raymond James decreased their target price on Four Corners Property Trust from $30.00 to $28.00 and set an “outperform” rating for the company in a research report on Tuesday, October 4th. StockNews.com initiated coverage on Four Corners Property Trust in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Evercore ISI downgraded Four Corners Property Trust from an “outperform” rating to an “inline” rating and set a $28.00 target price for the company. in a research report on Monday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Four Corners Property Trust has a consensus rating of “Hold” and an average target price of $28.17.

Four Corners Property Trust Profile

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FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.

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

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