Thrivent Financial For Lutherans raised its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 3.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,165 shares of the financial services provider’s stock after buying an additional 1,440 shares during the period. Thrivent Financial For Lutherans owned 0.07% of Four Corners Property Trust worth $917,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. FMR LLC increased its stake in Four Corners Property Trust by 832.7% in the first quarter. FMR LLC now owns 860,141 shares of the financial services provider’s stock worth $19,637,000 after buying an additional 767,921 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Four Corners Property Trust by 162.4% in the first quarter. Ameriprise Financial Inc. now owns 804,651 shares of the financial services provider’s stock worth $18,371,000 after buying an additional 498,037 shares in the last quarter. Norges Bank purchased a new stake in Four Corners Property Trust during the fourth quarter worth about $9,776,000. Russell Investments Group Ltd. increased its stake in Four Corners Property Trust by 68.0% in the first quarter. Russell Investments Group Ltd. now owns 739,699 shares of the financial services provider’s stock worth $16,885,000 after buying an additional 299,333 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in Four Corners Property Trust by 15.5% in the first quarter. Teachers Advisors LLC now owns 1,218,859 shares of the financial services provider’s stock worth $27,827,000 after buying an additional 163,464 shares in the last quarter. 87.86% of the stock is owned by institutional investors.

Shares of Four Corners Property Trust, Inc. (FCPT) traded down 0.04% on Friday, reaching $24.28. The company had a trading volume of 212,433 shares. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 18.72 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 stock’s 50 day moving average is $25.33 and its 200 day moving average is $23.27.

Four Corners Property Trust (NYSE:FCPT) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Four Corners Property Trust had a return on equity of 17.64% and a net margin of 63.74%. The firm had revenue of $33.20 million during the quarter, compared to analyst estimates of $33.33 million. During the same quarter last year, the business posted $0.33 EPS. The firm’s revenue was up 7.5% on a year-over-year basis. On average, equities analysts anticipate that Four Corners Property Trust, Inc. will post $1.03 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued a $0.2425 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 4.00%. Four Corners Property Trust’s dividend payout ratio is presently 71.85%.

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