Daiwa Securities Group Inc. reduced its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 582,284 shares of the financial services provider’s stock after selling 2,756 shares during the period. Daiwa Securities Group Inc.’s holdings in Four Corners Property Trust were worth $14,965,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Four Corners Property Trust by 6.7% during the 2nd quarter. State Street Corp now owns 1,745,481 shares of the financial services provider’s stock worth $43,831,000 after purchasing an additional 109,180 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Four Corners Property Trust by 1.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 322,043 shares of the financial services provider’s stock worth $8,086,000 after purchasing an additional 4,085 shares during the last quarter. New York State Teachers Retirement System boosted its stake in shares of Four Corners Property Trust by 4.3% during the 3rd quarter. New York State Teachers Retirement System now owns 218,105 shares of the financial services provider’s stock worth $5,435,000 after purchasing an additional 9,000 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Four Corners Property Trust by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 474,151 shares of the financial services provider’s stock worth $11,816,000 after purchasing an additional 6,137 shares during the last quarter. Finally, Beacon Investment Advisory Services Inc. acquired a new stake in shares of Four Corners Property Trust during the 3rd quarter worth about $560,000. 86.36% of the stock is currently owned by institutional investors.

Shares of Four Corners Property Trust, Inc. (FCPT) opened at $22.23 on Friday. Four Corners Property Trust, Inc. has a 12-month low of $20.82 and a 12-month high of $26.96. The stock has a market cap of $1,332.24, a P/E ratio of 16.25 and a beta of -0.24.

The business also recently announced a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were given a $0.275 dividend. The ex-dividend date was Thursday, December 28th. This is a boost from Four Corners Property Trust’s previous quarterly dividend of $0.24. This represents a $1.10 annualized dividend and a dividend yield of 4.95%. Four Corners Property Trust’s dividend payout ratio (DPR) is currently 78.01%.

Several equities research analysts have issued reports on FCPT shares. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Four Corners Property Trust in a research note on Friday, November 3rd. Zacks Investment Research raised shares of Four Corners Property Trust from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Tuesday, October 17th. Finally, BidaskClub raised shares of Four Corners Property Trust from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Four Corners Property Trust presently has an average rating of “Hold” and an average price target 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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