Four Corners Property Trust, Inc. (FCPT) Stake Raised by First Trust Advisors LP

First Trust Advisors LP raised its position in Four Corners Property Trust, Inc. (NYSE:FCPT) by 235.1% during the first quarter, Holdings Channel reports. The firm owned 69,596 shares of the financial services provider’s stock after buying an additional 48,830 shares during the period. First Trust Advisors LP’s holdings in Four Corners Property Trust were worth $1,589,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. AQR Capital Management LLC boosted its position in Four Corners Property Trust by 28.3% in the fourth quarter. AQR Capital Management LLC now owns 143,910 shares of the financial services provider’s stock worth $2,953,000 after buying an additional 31,772 shares in the last quarter. Tudor Investment Corp Et Al boosted its position in Four Corners Property Trust by 24.1% in the fourth quarter. Tudor Investment Corp Et Al now owns 20,090 shares of the financial services provider’s stock worth $412,000 after buying an additional 3,897 shares in the last quarter. GSA Capital Partners LLP bought a new position in Four Corners Property Trust during the fourth quarter worth $259,000. New York State Teachers Retirement System boosted its position in Four Corners Property Trust by 0.4% in the fourth quarter. New York State Teachers Retirement System now owns 217,765 shares of the financial services provider’s stock worth $4,469,000 after buying an additional 800 shares in the last quarter. Finally, Pacad Investment Ltd. bought a new position in Four Corners Property Trust during the fourth quarter worth $103,000. 88.11% of the stock is owned by hedge funds and other institutional investors.

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

Four Corners Property Trust, Inc. (NYSE FCPT) opened at 25.43 on Tuesday. Four Corners Property Trust, Inc. has a 12-month low of $16.71 and a 12-month high of $25.91. The firm has a 50-day moving average price of $24.05 and a 200-day moving average price of $22.12. The stock has a market cap of $1.53 billion, a PE ratio of 19.61 and a beta of 0.17.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be paid a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date is Wednesday, June 28th. Four Corners Property Trust’s payout ratio is 74.62%.

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Separately, Zacks Investment Research cut Four Corners Property Trust from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th.

About Four Corners Property Trust

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FCPT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding FCPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Four Corners Property Trust, Inc. (NYSE:FCPT).

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