GW&K Investment Management LLC Has $3.79 Million Position in Four Corners Property Trust, Inc. (NYSE:FCPT)

GW&K Investment Management LLC trimmed its holdings in Four Corners Property Trust, Inc. (NYSE:FCPT) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,953 shares of the financial services provider’s stock after selling 5,770 shares during the quarter. GW&K Investment Management LLC’s holdings in Four Corners Property Trust were worth $3,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Four Corners Property Trust by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 10,224,604 shares of the financial services provider’s stock worth $226,884,000 after purchasing an additional 102,504 shares in the last quarter. FMR LLC grew its holdings in shares of Four Corners Property Trust by 12.1% in the third quarter. FMR LLC now owns 9,831,411 shares of the financial services provider’s stock valued at $218,159,000 after acquiring an additional 1,061,170 shares in the last quarter. American Century Companies Inc. increased its position in shares of Four Corners Property Trust by 3.3% during the third quarter. American Century Companies Inc. now owns 2,457,991 shares of the financial services provider’s stock valued at $54,543,000 after acquiring an additional 78,579 shares during the last quarter. Invesco Ltd. increased its position in shares of Four Corners Property Trust by 3.3% during the third quarter. Invesco Ltd. now owns 2,253,418 shares of the financial services provider’s stock valued at $50,003,000 after acquiring an additional 72,055 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Four Corners Property Trust by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,339,614 shares of the financial services provider’s stock worth $33,892,000 after purchasing an additional 53,517 shares during the last quarter. Institutional investors own 98.66% of the company’s stock.

Four Corners Property Trust Stock Down 1.0 %

Shares of NYSE FCPT opened at $24.60 on Thursday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.40. The company has a market cap of $2.26 billion, a P/E ratio of 22.99 and a beta of 1.01. Four Corners Property Trust, Inc. has a 52 week low of $20.51 and a 52 week high of $27.60. The business has a 50-day simple moving average of $23.99 and a two-hundred day simple moving average of $23.97.

Four Corners Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.345 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.38 dividend on an annualized basis and a yield of 5.61%. Four Corners Property Trust’s dividend payout ratio is presently 128.97%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company boosted their price target on shares of Four Corners Property Trust from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th.

Four Corners Property Trust Profile

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.