Illinois Municipal Retirement Fund lifted its stake in shares of Four Corners Property Trust, Inc. (NYSE:FCPT – Free Report) by 5.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 51,203 shares of the financial services provider’s stock after buying an additional 2,585 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.06% of Four Corners Property Trust worth $1,253,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of FCPT. Larson Financial Group LLC increased its holdings in shares of Four Corners Property Trust by 25,000.0% during the first quarter. Larson Financial Group LLC now owns 1,004 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,000 shares in the last quarter. CWM LLC increased its stake in Four Corners Property Trust by 183.5% during the 4th quarter. CWM LLC now owns 1,372 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 888 shares in the last quarter. Eagle Bay Advisors LLC raised its holdings in Four Corners Property Trust by 66.7% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,500 shares of the financial services provider’s stock worth $38,000 after buying an additional 600 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Four Corners Property Trust in the fourth quarter valued at $66,000. Finally, Signaturefd LLC grew its holdings in shares of Four Corners Property Trust by 76.2% during the fourth quarter. Signaturefd LLC now owns 4,168 shares of the financial services provider’s stock valued at $105,000 after buying an additional 1,803 shares during the last quarter. Institutional investors own 98.66% of the company’s stock.
Four Corners Property Trust Stock Up 0.2 %
FCPT stock opened at $25.80 on Monday. Four Corners Property Trust, Inc. has a twelve month low of $20.51 and a twelve month high of $27.60. The firm has a market capitalization of $2.37 billion, a PE ratio of 24.11 and a beta of 1.08. 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 stock has a 50-day simple moving average of $24.54 and a two-hundred day simple moving average of $24.18.
Four Corners Property Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a yield of 5.35%. The ex-dividend date is Friday, June 28th. Four Corners Property Trust’s payout ratio is 128.97%.
Insiders Place Their Bets
In related news, CEO William H. Lenehan bought 6,230 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average cost of $24.05 per share, with a total value of $149,831.50. Following the completion of the purchase, the chief executive officer now directly owns 620,394 shares of the company’s stock, valued at approximately $14,920,475.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO William H. Lenehan purchased 6,230 shares of the stock in a transaction on Monday, June 10th. The shares were acquired at an average price of $24.05 per share, for a total transaction of $149,831.50. Following the completion of the transaction, the chief executive officer now directly owns 620,394 shares of the company’s stock, valued at approximately $14,920,475.70. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John S. Moody sold 7,230 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $24.56, for a total value of $177,568.80. Following the completion of the sale, the director now owns 61,108 shares of the company’s stock, valued at approximately $1,500,812.48. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
Analyst Ratings Changes
Separately, JMP Securities initiated coverage on Four Corners Property Trust in a research report on Monday, July 8th. They issued a “market perform” rating for the company. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $26.33.
Get Our Latest Stock Analysis on Four Corners Property Trust
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.
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