Hsbc Holdings PLC grew its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT – Free Report) by 17.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 52,193 shares of the financial services provider’s stock after purchasing an additional 7,884 shares during the quarter. Hsbc Holdings PLC owned approximately 0.06% of Four Corners Property Trust worth $1,320,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in FCPT. CWM LLC grew its holdings in shares of Four Corners Property Trust by 183.5% during the fourth quarter. CWM LLC now owns 1,372 shares of the financial services provider’s stock worth $35,000 after buying an additional 888 shares during the last quarter. Eagle Bay Advisors LLC grew its holdings in shares of 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 purchased a new position in shares of Four Corners Property Trust during the fourth quarter worth about $66,000. 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 worth $105,000 after buying an additional 1,803 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of Four Corners Property Trust by 85.3% during the fourth quarter. Quadrant Capital Group LLC now owns 7,289 shares of the financial services provider’s stock worth $184,000 after buying an additional 3,355 shares during the last quarter. Hedge funds and other institutional investors own 98.66% of the company’s stock.
Four Corners Property Trust Price Performance
Shares of NYSE:FCPT opened at $24.16 on Friday. 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 company has a market cap of $2.22 billion, a P/E ratio of 22.58 and a beta of 1.05. Four Corners Property Trust, Inc. has a 52 week low of $20.51 and a 52 week high of $27.60. The company has a 50-day moving average price of $23.99 and a 200 day moving average price of $24.13.
Four Corners Property Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.345 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.38 dividend on an annualized basis and a yield of 5.71%. Four Corners Property Trust’s payout ratio is currently 128.97%.
Wall Street Analyst Weigh In
Separately, Wells Fargo & Company raised their price target on Four Corners Property Trust from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th.
View Our Latest Stock Analysis on Four Corners Property Trust
Four Corners Property Trust Company 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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