Crossmark Global Holdings Inc. bought a new stake in Four Corners Property Trust, Inc. (NYSE:FCPT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,479 shares of the financial services provider’s stock, valued at approximately $585,000.

A number of other large investors have also bought and sold shares of the business. First Trust Advisors LP grew its stake in Four Corners Property Trust by 3.9% in the third quarter. First Trust Advisors LP now owns 116,385 shares of the financial services provider’s stock valued at $2,900,000 after acquiring an additional 4,377 shares during the period. Fox Run Management L.L.C. acquired a new position in Four Corners Property Trust in the third quarter valued at about $434,000. LS Investment Advisors LLC grew its stake in Four Corners Property Trust by 31.7% in the third quarter. LS Investment Advisors LLC now owns 10,754 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 2,586 shares during the period. WINTON GROUP Ltd grew its stake in Four Corners Property Trust by 46.1% in the second quarter. WINTON GROUP Ltd now owns 66,009 shares of the financial services provider’s stock valued at $1,657,000 after acquiring an additional 20,828 shares during the period. Finally, Piedmont Investment Advisors LLC acquired a new position in Four Corners Property Trust in the second quarter valued at about $326,000. 86.52% of the stock is owned by hedge funds and other institutional investors.

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Four Corners Property Trust, Inc. (NYSE FCPT) opened at $26.26 on Friday. The firm has a market capitalization of $1,610.00 and a PE ratio of 19.48. Four Corners Property Trust, Inc. has a 52-week low of $18.32 and a 52-week high of $26.39.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a dividend of $0.275 per share. 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 4.19%. The ex-dividend date is Thursday, December 28th. Four Corners Property Trust’s dividend payout ratio is currently 68.79%.

FCPT has been the subject of a number of research analyst reports. BidaskClub cut Four Corners Property Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research raised Four Corners Property Trust from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Tuesday, October 17th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Four Corners Property Trust in a research note on Friday, November 3rd. Finally, Raymond James Financial, Inc. raised Four Corners Property Trust from a “market perform” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Tuesday, August 15th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Four Corners Property Trust currently has an average rating of “Buy” and an average 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.

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

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