301,200 Shares in Four Corners Property Trust Inc (FCPT) Purchased by Securian Asset Management Inc

Securian Asset Management Inc purchased a new position in Four Corners Property Trust Inc (NYSE:FCPT) in the third quarter, HoldingsChannel reports. The firm purchased 301,200 shares of the financial services provider’s stock, valued at approximately $7,738,000.

Several other large investors also recently modified their holdings of the company. First Trust Advisors LP lifted its stake in shares of Four Corners Property Trust by 29.0% in the 3rd quarter. First Trust Advisors LP now owns 12,431 shares of the financial services provider’s stock worth $319,000 after acquiring an additional 2,797 shares during the period. First Quadrant L P CA acquired a new stake in shares of Four Corners Property Trust in the 3rd quarter worth approximately $814,000. Texas Permanent School Fund lifted its stake in shares of Four Corners Property Trust by 6.1% in the 3rd quarter. Texas Permanent School Fund now owns 42,056 shares of the financial services provider’s stock worth $1,080,000 after acquiring an additional 2,434 shares during the period. Strs Ohio raised its holdings in shares of Four Corners Property Trust by 6.9% in the 3rd quarter. Strs Ohio now owns 246,047 shares of the financial services provider’s stock worth $6,320,000 after purchasing an additional 15,824 shares in the last quarter. Finally, Aperio Group LLC raised its holdings in shares of Four Corners Property Trust by 4.6% in the 3rd quarter. Aperio Group LLC now owns 55,321 shares of the financial services provider’s stock worth $1,421,000 after purchasing an additional 2,440 shares in the last quarter. 88.38% of the stock is owned by institutional investors.

NYSE FCPT opened at $26.13 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.59 and a current ratio of 6.59. Four Corners Property Trust Inc has a 12 month low of $21.28 and a 12 month high of $27.48. The company has a market capitalization of $1.68 billion, a P/E ratio of 19.21 and a beta of 0.05.



Four Corners Property Trust (NYSE:FCPT) last released its earnings results on Wednesday, July 25th. The financial services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.09. Four Corners Property Trust had a net margin of 59.38% and a return on equity of 14.59%. The business had revenue of $34.70 million for the quarter, compared to the consensus estimate of $34.86 million. During the same period in the previous year, the firm earned $0.34 EPS. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, research analysts expect that Four Corners Property Trust Inc will post 1.41 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 28th were issued a $0.275 dividend. The ex-dividend date was Thursday, September 27th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.21%. Four Corners Property Trust’s payout ratio is currently 80.88%.

FCPT has been the topic of a number of research reports. LADENBURG THALM/SH SH downgraded shares of Four Corners Property Trust from a “buy” rating to a “neutral” rating and set a $26.00 target price on the stock. in a report on Tuesday, July 31st. Zacks Investment Research downgraded shares of Four Corners Property Trust from a “hold” rating to a “strong sell” rating in a report on Thursday.

Four Corners Property Trust Company Profile

FCPT is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease for use in the restaurant and related food services industry.

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

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