Four Corners Property Trust, Inc. (FCPT) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System cut its position in Four Corners Property Trust, Inc. (NYSE:FCPT) by 7.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,842 shares of the financial services provider’s stock after selling 8,432 shares during the period. California State Teachers Retirement System’s holdings in Four Corners Property Trust were worth $2,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Four Corners Property Trust by 1.0% in the second quarter. BlackRock Inc. now owns 8,850,671 shares of the financial services provider’s stock worth $222,241,000 after acquiring an additional 84,435 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Four Corners Property Trust by 3.2% in the second quarter. Vanguard Group Inc. now owns 7,691,152 shares of the financial services provider’s stock worth $193,125,000 after acquiring an additional 236,781 shares during the last quarter. FMR LLC boosted its stake in shares of Four Corners Property Trust by 265.8% in the second quarter. FMR LLC now owns 3,146,106 shares of the financial services provider’s stock worth $78,999,000 after acquiring an additional 2,285,965 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Four Corners Property Trust by 8.4% in the third quarter. Prudential Financial Inc. now owns 1,935,717 shares of the financial services provider’s stock worth $48,239,000 after acquiring an additional 150,436 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Four Corners Property Trust by 6.7% in the second quarter. State Street Corp now owns 1,745,481 shares of the financial services provider’s stock worth $43,831,000 after acquiring an additional 109,180 shares during the last quarter. 86.39% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on the company. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and issued a $28.00 price target (up from $27.00) on shares of Four Corners Property Trust in a research note on Friday, September 22nd. BidaskClub raised Four Corners Property Trust from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Zacks Investment Research raised Four Corners Property Trust from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Tuesday, October 17th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $27.25.

Four Corners Property Trust, Inc. (NYSE:FCPT) opened at $24.10 on Friday. The firm has a market capitalization of $1,490.74, a price-to-earnings ratio of 17.09 and a beta of 0.13. Four Corners Property Trust, Inc. has a 12 month low of $20.40 and a 12 month high of $26.96.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were paid a dividend of $0.275 per share. The ex-dividend date was Thursday, December 28th. This represents a $1.10 dividend on an annualized basis and a yield of 4.56%. This is a positive change from Four Corners Property Trust’s previous quarterly dividend of $0.24. Four Corners Property Trust’s payout ratio is 78.01%.

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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.

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).

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

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