Strs Ohio reduced its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 11.7% during the second quarter, Holdings Channel reports. The institutional investor owned 95,354 shares of the financial services provider’s stock after selling 12,645 shares during the period. Strs Ohio’s holdings in Four Corners Property Trust were worth $2,394,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Creative Planning boosted its position in 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. Louisiana State Employees Retirement System boosted its position in 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. Arizona State Retirement System boosted its position in Four Corners Property Trust by 1.3% in the first quarter. Arizona State Retirement System now owns 31,238 shares of the financial services provider’s stock worth $713,000 after buying an additional 400 shares during the period. FMR LLC boosted its position in Four Corners Property Trust by 0.7% in the fourth quarter. FMR LLC now owns 92,220 shares of the financial services provider’s stock worth $1,892,000 after buying an additional 630 shares during the period. Finally, Mason Street Advisors LLC boosted its position in Four Corners Property Trust by 7.0% in the first quarter. Mason Street Advisors LLC now owns 14,002 shares of the financial services provider’s stock worth $320,000 after buying an additional 915 shares during the period. 87.90% of the stock is currently owned by institutional investors.

Shares of Four Corners Property Trust, Inc. (NYSE:FCPT) opened at 24.17 on Thursday. The firm has a market capitalization of $1.45 billion, a PE ratio of 18.64 and a beta of 0.15. Four Corners Property Trust, Inc. has a 52 week low of $16.71 and a 52 week high of $25.94. The company has a 50-day moving average of $25.13 and a 200-day moving average of $23.39.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.01. The company had revenue of $33.20 million during the quarter, compared to analysts’ expectations of $33.33 million. Four Corners Property Trust had a return on equity of 17.21% and a net margin of 63.74%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 EPS. On average, equities analysts forecast that Four Corners Property Trust, Inc. will post $1.03 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were paid a $0.2425 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.97 dividend on an annualized basis and a yield of 4.01%. Four Corners Property Trust’s dividend payout ratio is currently 71.85%.

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FCPT has been the topic of a number of recent analyst reports. Zacks Investment Research raised 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. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Four Corners Property Trust in a research note on Thursday, August 3rd. BidaskClub cut shares of Four Corners Property Trust from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Canaccord Genuity started coverage on shares of Four Corners Property Trust in a research note on Tuesday, July 18th. They issued a “hold” rating and a $26.00 price objective on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $27.00.

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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