Quadrant Capital Group LLC Purchases 1,803 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT)

Quadrant Capital Group LLC boosted its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 32.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,401 shares of the financial services provider’s stock after purchasing an additional 1,803 shares during the period. Quadrant Capital Group LLC’s holdings in Four Corners Property Trust were worth $188,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Belpointe Asset Management LLC lifted its holdings in Four Corners Property Trust by 1,120.0% during the 1st quarter. Belpointe Asset Management LLC now owns 915 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 840 shares during the last quarter. Fortis Capital Advisors LLC increased its position in Four Corners Property Trust by 18,200.0% in the 1st quarter. Fortis Capital Advisors LLC now owns 915 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 910 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in Four Corners Property Trust in the 2nd quarter valued at about $33,000. WASHINGTON TRUST Co increased its position in Four Corners Property Trust by 66.7% in the 2nd quarter. WASHINGTON TRUST Co now owns 2,500 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Quantbot Technologies LP increased its position in Four Corners Property Trust by 72.4% in the 1st quarter. Quantbot Technologies LP now owns 2,559 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 1,075 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Four Corners Property Trust Stock Up 0.9 %

Shares of NYSE:FCPT opened at $22.81 on Tuesday. Four Corners Property Trust, Inc. has a one year low of $20.51 and a one year high of $29.30. The company has a 50 day moving average of $22.33 and a 200-day moving average of $24.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.10 and a quick ratio of 0.10. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 21.12 and a beta of 0.97.

Four Corners Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a dividend of $0.345 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.38 dividend on an annualized basis and a yield of 6.05%. This is a boost from Four Corners Property Trust’s previous quarterly dividend of $0.34. Four Corners Property Trust’s payout ratio is currently 127.78%.

Insider Activity at Four Corners Property Trust

In other news, CEO William H. Lenehan acquired 9,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was purchased at an average price of $22.05 per share, for a total transaction of $198,450.00. Following the completion of the acquisition, the chief executive officer now owns 568,443 shares in the company, valued at $12,534,168.15. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Douglas B. Hansen purchased 4,950 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were purchased at an average price of $21.74 per share, with a total value of $107,613.00. Following the completion of the purchase, the director now owns 2,650 shares in the company, valued at approximately $57,611. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William H. Lenehan purchased 9,000 shares of the business’s stock in a transaction on Monday, November 6th. The stock was bought at an average cost of $22.05 per share, for a total transaction of $198,450.00. Following the purchase, the chief executive officer now owns 568,443 shares of the company’s stock, valued at approximately $12,534,168.15. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

FCPT has been the subject of several research reports. Wells Fargo & Company initiated coverage on shares of Four Corners Property Trust in a research report on Wednesday, September 20th. They issued an “overweight” rating and a $28.00 price objective for the company. StockNews.com initiated coverage on shares of Four Corners Property Trust in a research report on Thursday, October 5th. They issued a “hold” rating for the company. TheStreet cut shares of Four Corners Property Trust from a “b-” rating to a “c+” rating in a research report on Wednesday, October 18th. Finally, Robert W. Baird lowered their price target on shares of Four Corners Property Trust from $29.00 to $26.00 in a research report on Friday, October 6th. One equities research analyst has rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Four Corners Property Trust currently has a consensus rating of “Moderate Buy” and an average target price of $27.75.

About Four Corners Property Trust

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.