Four Corners Property Trust, Inc. (NYSE:FCPT) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp decreased its stake in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,311,073 shares of the financial services provider's stock after selling 21,611 shares during the quarter. Boston Trust Walden Corp owned approximately 1.36% of Four Corners Property Trust worth $35,583,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its position in Four Corners Property Trust by 30.6% during the third quarter. FMR LLC now owns 13,930,746 shares of the financial services provider's stock worth $408,310,000 after acquiring an additional 3,268,064 shares during the last quarter. Heitman Real Estate Securities LLC acquired a new position in Four Corners Property Trust during the third quarter worth $24,863,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Four Corners Property Trust by 539.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 687,318 shares of the financial services provider's stock worth $20,145,000 after buying an additional 579,849 shares during the last quarter. Bank of Montreal Can grew its holdings in Four Corners Property Trust by 1,867.7% in the 3rd quarter. Bank of Montreal Can now owns 228,987 shares of the financial services provider's stock valued at $6,771,000 after buying an additional 217,350 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in shares of Four Corners Property Trust by 212.5% in the 3rd quarter. Jane Street Group LLC now owns 255,275 shares of the financial services provider's stock worth $7,482,000 after acquiring an additional 173,598 shares during the last quarter. 98.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FCPT has been the subject of a number of analyst reports. JMP Securities reissued a "market perform" rating on shares of Four Corners Property Trust in a report on Tuesday, December 10th. UBS Group assumed coverage on shares of Four Corners Property Trust in a research note on Thursday, November 14th. They issued a "buy" rating and a $33.00 price target for the company. Finally, Barclays reduced their price target on shares of Four Corners Property Trust from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Four Corners Property Trust currently has an average rating of "Moderate Buy" and an average price target of $30.40.

Four Corners Property Trust Trading Down 0.3 %

Shares of FCPT traded down $0.09 during trading on Friday, reaching $27.92. 263,659 shares of the company traded hands, compared to its average volume of 467,506. The stock has a 50-day simple moving average of $27.79 and a 200-day simple moving average of $28.20. The stock has a market cap of $2.70 billion, a PE ratio of 26.09 and a beta of 1.14. 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 quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.38.

Four Corners Property Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.355 dividend. This is a positive change from Four Corners Property Trust's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.42 dividend on an annualized basis and a yield of 5.09%. Four Corners Property Trust's payout ratio is presently 132.71%.

Four Corners Property Trust 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.