Four Corners Property Trust, Inc. (FCPT) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in shares of Four Corners Property Trust, Inc. (NYSE:FCPT) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 810,342 shares of the financial services provider’s stock after buying an additional 32,032 shares during the period. Dimensional Fund Advisors LP owned 1.32% of Four Corners Property Trust worth $20,194,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its position in Four Corners Property Trust by 4.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 264,026 shares of the financial services provider’s stock worth $6,630,000 after buying an additional 11,454 shares during the last quarter. SG Americas Securities LLC acquired a new position in Four Corners Property Trust in the second quarter worth approximately $106,000. Swiss National Bank grew its position in Four Corners Property Trust by 6.8% in the second quarter. Swiss National Bank now owns 99,907 shares of the financial services provider’s stock worth $2,509,000 after buying an additional 6,400 shares during the last quarter. Alliancebernstein L.P. grew its position in Four Corners Property Trust by 0.7% in the second quarter. Alliancebernstein L.P. now owns 117,106 shares of the financial services provider’s stock worth $2,941,000 after buying an additional 788 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its position in Four Corners Property Trust by 0.9% in the second quarter. TIAA CREF Investment Management LLC now owns 589,847 shares of the financial services provider’s stock worth $14,811,000 after buying an additional 5,118 shares during the last quarter. Institutional investors and hedge funds own 85.84% of the company’s stock.

Four Corners Property Trust, Inc. (FCPT) traded down $0.43 during midday trading on Wednesday, reaching $22.17. 264,663 shares of the company’s stock traded hands, compared to its average volume of 280,515. Four Corners Property Trust, Inc. has a 12-month low of $20.82 and a 12-month high of $26.96. The stock has a market cap of $1,376.30, a PE ratio of 15.72 and a beta of -0.24.

Several research analysts have issued reports on FCPT shares. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Four Corners Property Trust in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Four Corners Property Trust from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Tuesday, October 17th. Finally, BidaskClub upgraded shares of Four Corners Property Trust from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.25.

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Four Corners Property Trust Profile

Four Corners Property Trust, Inc is a self-administered company and real estate investment trust (REIT), which owns, acquires and leases properties for use in the restaurant and food service related industries. The Company operates through two segments: real estate operations and restaurant operations.

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

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