People s United Financial Inc. lifted its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 71.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,003 shares of the financial services provider’s stock after purchasing an additional 15,000 shares during the period. People s United Financial Inc. owned about 0.06% of Four Corners Property Trust worth $904,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Balyasny Asset Management LLC raised its position in shares of Four Corners Property Trust by 49.2% during the 2nd quarter. Balyasny Asset Management LLC now owns 410,330 shares of the financial services provider’s stock worth $10,303,000 after purchasing an additional 135,352 shares during the last quarter. Voya Investment Management LLC lifted its stake in Four Corners Property Trust by 10.8% in the 2nd quarter. Voya Investment Management LLC now owns 29,664 shares of the financial services provider’s stock valued at $745,000 after buying an additional 2,883 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Four Corners Property Trust by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 778,310 shares of the financial services provider’s stock valued at $19,543,000 after buying an additional 67,077 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in Four Corners Property Trust by 40.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 125,283 shares of the financial services provider’s stock valued at $3,146,000 after buying an additional 36,358 shares in the last quarter. Finally, Suntrust Banks Inc. lifted its stake in Four Corners Property Trust by 1.1% in the 2nd quarter. Suntrust Banks Inc. now owns 26,945 shares of the financial services provider’s stock valued at $675,000 after buying an additional 295 shares in the last quarter. 87.80% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have commented on FCPT shares. Canaccord Genuity assumed coverage on Four Corners Property Trust in a report on Tuesday, July 18th. They set a “hold” rating and a $26.00 target price on the stock. Ladenburg Thalmann Financial Services reissued a “buy” rating and issued a $27.00 price target (up from $24.00) on shares of Four Corners Property Trust in a report on Wednesday, August 16th. Zacks Investment Research cut Four Corners Property Trust from a “buy” rating to a “hold” rating in a report 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 report on Tuesday, August 15th. Finally, BidaskClub downgraded Four Corners Property Trust from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Four Corners Property Trust has an average rating of “Hold” and a consensus price target of $27.00.

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Shares of Four Corners Property Trust, Inc. (FCPT) opened at 25.53 on Wednesday. Four Corners Property Trust, Inc. has a one year low of $16.71 and a one year high of $25.94. The stock has a market capitalization of $1.56 billion, a P/E ratio of 18.84 and a beta of 0.13. The stock’s 50 day moving average is $25.19 and its 200-day moving average is $24.38.

Four Corners Property Trust (NYSE:FCPT) last released 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 company 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 17.21% and a net margin of 63.74%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 earnings per share. On average, equities research analysts expect that Four Corners Property Trust, Inc. will post $1.03 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a $0.243 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Thursday, September 28th. Four Corners Property Trust’s payout ratio is 71.85%.

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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