Teachers Advisors LLC raised its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 15.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,218,859 shares of the financial services provider’s stock after buying an additional 163,464 shares during the period. Teachers Advisors LLC owned approximately 2.03% of Four Corners Property Trust worth $27,827,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Meadow Creek Investment Management LLC increased 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 buying an additional 1,120 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in Four Corners Property Trust during the fourth quarter valued at about $103,000. Ameritas Investment Partners Inc. acquired a new stake in Four Corners Property Trust during the first quarter valued at about $119,000. Glen Harbor Capital Management LLC raised its stake in Four Corners Property Trust by 33.9% in the first quarter. Glen Harbor Capital Management LLC now owns 5,372 shares of the financial services provider’s stock valued at $123,000 after buying an additional 1,360 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. acquired a new stake in Four Corners Property Trust during the first quarter valued at about $124,000. 87.86% of the stock is currently owned by institutional investors.

Shares of Four Corners Property Trust, Inc. (NYSE:FCPT) traded down 2.33% during mid-day trading on Thursday, reaching $24.29. 340,976 shares of the company traded hands. The stock’s 50 day moving average is $25.33 and its 200 day moving average is $23.27. 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 market capitalization of $1.46 billion, a PE ratio of 18.98 and a beta of 0.15.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by $0.01. The firm had revenue of $33.20 million for the quarter, compared to the consensus estimate of $33.33 million. Four Corners Property Trust had a return on equity of 17.13% and a net margin of 62.08%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 EPS. On average, analysts anticipate that Four Corners Property Trust, Inc. will post $1.03 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were given a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend was Wednesday, June 28th. Four Corners Property Trust’s payout ratio is 74.62%.

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A number of equities research analysts recently weighed in on FCPT shares. Zacks Investment Research lowered shares of Four Corners Property Trust from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. Canaccord Genuity initiated coverage on shares of Four Corners Property Trust in a report on Tuesday, July 18th. They set a “hold” rating and a $26.00 price target for the company. BidaskClub downgraded shares of Four Corners Property Trust from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Four Corners Property Trust in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $27.00.

Four Corners Property Trust Company 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)

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