State Board of Administration of Florida Retirement System boosted its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 3.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,642 shares of the financial services provider’s stock after acquiring an additional 1,492 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.07% of Four Corners Property Trust worth $1,096,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Arizona State Retirement System raised its position in shares of Four Corners Property Trust by 0.3% in the second quarter. Arizona State Retirement System now owns 31,338 shares of the financial services provider’s stock valued at $787,000 after purchasing an additional 100 shares during the period. Texas Permanent School Fund raised its position in shares of Four Corners Property Trust by 1.1% in the second quarter. Texas Permanent School Fund now owns 43,824 shares of the financial services provider’s stock valued at $1,100,000 after purchasing an additional 470 shares during the period. Municipal Employees Retirement System of Michigan raised its position in shares of Four Corners Property Trust by 3.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 14,136 shares of the financial services provider’s stock valued at $355,000 after purchasing an additional 480 shares during the period. Mason Street Advisors LLC raised its position in shares of 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 valued at $320,000 after purchasing an additional 915 shares during the period. Finally, Meadow Creek Investment Management LLC raised its position in shares of Four Corners Property Trust by 33.9% in the first quarter. Meadow Creek Investment Management LLC now owns 4,424 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 1,120 shares during the period. 87.80% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on the stock. UBS AG raised shares of Four Corners Property Trust from a “market perform” rating to an “outperform” rating in a research report on Tuesday, August 15th. Raymond James Financial, Inc. raised shares of Four Corners Property Trust from a “market perform” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Tuesday, August 15th. BidaskClub lowered shares of Four Corners Property Trust from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Ladenburg Thalmann Financial Services reissued a “buy” rating and issued a $27.00 price target (up previously from $24.00) on shares of Four Corners Property Trust in a research report on Wednesday, August 16th. Finally, Zacks Investment Research lowered shares of Four Corners Property Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $26.75.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another website, it was stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.dailypolitical.com/2017/09/21/state-board-of-administration-of-florida-retirement-system-acquires-1492-shares-of-four-corners-property-trust-inc-fcpt.html.

Four Corners Property Trust, Inc. (FCPT) opened at 25.31 on Thursday. Four Corners Property Trust, Inc. has a 52-week low of $16.71 and a 52-week high of $25.94. The stock has a 50 day moving average of $24.98 and a 200-day moving average of $24.11. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 18.68 and a beta of 0.17.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.243 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Thursday, September 28th. Four Corners Property Trust’s dividend payout ratio is currently 71.85%.

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.

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

Receive News & Ratings for Four Corners Property Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Four Corners Property Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.