Hilton Capital Management LLC lessened its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 1.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 419,824 shares of the financial services provider’s stock after selling 8,329 shares during the period. Four Corners Property Trust accounts for 1.8% of Hilton Capital Management LLC’s investment portfolio, making the stock its 28th largest position. Hilton Capital Management LLC owned about 0.69% of Four Corners Property Trust worth $10,462,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of Four Corners Property Trust during the 2nd quarter valued at $106,000. Bessemer Group Inc. bought a new stake in shares of Four Corners Property Trust during the 2nd quarter valued at $188,000. Pinebridge Investments L.P. raised its stake in shares of Four Corners Property Trust by 1.2% during the 2nd quarter. Pinebridge Investments L.P. now owns 7,908 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 97 shares during the period. Quantbot Technologies LP bought a new stake in shares of Four Corners Property Trust during the 3rd quarter valued at $199,000. Finally, Tudor Investment Corp ET AL bought a new stake in shares of Four Corners Property Trust during the 2nd quarter valued at $206,000. 86.52% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Four Corners Property Trust, Inc. (NYSE FCPT) traded down $0.07 during midday trading on Thursday, reaching $26.03. The company’s stock had a trading volume of 247,800 shares, compared to its average volume of 335,723. The company has a market cap of $1,610.00 and a price-to-earnings ratio of 19.48. Four Corners Property Trust, Inc. has a fifty-two week low of $18.32 and a fifty-two week high of $26.39.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a $0.275 dividend. This is a positive change from Four Corners Property Trust’s previous quarterly dividend of $0.24. This represents a $1.10 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date is Thursday, December 28th. Four Corners Property Trust’s dividend payout ratio is currently 68.79%.

A number of analysts recently issued reports on the company. Ladenburg Thalmann Financial Services reiterated a “buy” rating and set a $27.00 price objective (up from $24.00) on shares of Four Corners Property Trust in a research note on Wednesday, August 16th. Zacks Investment Research lowered Four Corners Property Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Raymond James Financial, Inc. upgraded Four Corners Property Trust from a “market perform” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Tuesday, August 15th. BidaskClub lowered Four Corners Property Trust from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Finally, UBS AG upgraded Four Corners Property Trust from a “market perform” rating to an “outperform” rating in a research note on Tuesday, August 15th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $27.25.

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.

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

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