SG Americas Securities LLC Has $268,000 Stake in Four Corners Property Trust, Inc. (NYSE:FCPT)

SG Americas Securities LLC grew its stake in Four Corners Property Trust, Inc. (NYSE:FCPT) by 91.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,872 shares of the financial services provider’s stock after buying an additional 4,708 shares during the period. SG Americas Securities LLC’s holdings in Four Corners Property Trust were worth $268,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. FMR LLC lifted its holdings in Four Corners Property Trust by 30.6% in the 3rd quarter. FMR LLC now owns 13,930,746 shares of the financial services provider’s stock worth $408,310,000 after purchasing an additional 3,268,064 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Four Corners Property Trust by 1.2% in the third quarter. Geode Capital Management LLC now owns 2,357,175 shares of the financial services provider’s stock worth $69,101,000 after buying an additional 27,552 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Four Corners Property Trust by 6.1% in the third quarter. Principal Financial Group Inc. now owns 1,774,103 shares of the financial services provider’s stock worth $51,996,000 after buying an additional 102,662 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Four Corners Property Trust by 4.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,518,075 shares of the financial services provider’s stock worth $44,495,000 after buying an additional 63,856 shares during the period. Finally, Boston Trust Walden Corp raised its holdings in Four Corners Property Trust by 9.5% in the 3rd quarter. Boston Trust Walden Corp now owns 1,332,684 shares of the financial services provider’s stock worth $39,061,000 after acquiring an additional 115,924 shares during the period. Institutional investors own 98.66% of the company’s stock.

Four Corners Property Trust Stock Up 1.2 %

NYSE FCPT opened at $27.99 on Thursday. Four Corners Property Trust, Inc. has a twelve month low of $22.38 and a twelve month high of $30.93. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a market cap of $2.71 billion, a PE ratio of 26.16 and a beta of 1.14. The firm has a 50-day simple moving average of $27.82 and a 200 day simple moving average of $28.20.

Four Corners Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.355 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This is a boost from Four Corners Property Trust’s previous quarterly dividend of $0.35. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.07%. Four Corners Property Trust’s payout ratio is currently 132.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FCPT shares. JMP Securities restated a “market perform” rating on shares of Four Corners Property Trust in a report on Tuesday, December 10th. Barclays decreased their target price on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, UBS Group began coverage on Four Corners Property Trust in a research report on Thursday, November 14th. They issued a “buy” rating and a $33.00 price target on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Four Corners Property Trust currently has a consensus rating of “Moderate Buy” and an average target price of $30.40.

Four Corners Property Trust Company Profile

Four Corners Property Trust, Inc engages in the owning, acquisition, and leasing of properties for use in the restaurant and food-service related industries. It operates through the Real Estate Operations and Restaurant Operations segments. The Real Estate Operations segment consists of rental revenues generated by leasing restaurant properties.