Nomura Asset Management Co. Ltd. Has $2.65 Million Stake in Four Corners Property Trust, Inc. (NYSE:FCPT)
Nomura Asset Management Co. Ltd. boosted its position in shares of Four Corners Property Trust, Inc. (NYSE:FCPT – Free Report) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,830 shares of the financial services provider’s stock after buying an additional 3,740 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.12% of Four Corners Property Trust worth $2,652,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of FCPT. CWM LLC lifted its position in shares of Four Corners Property Trust by 183.5% in the 4th quarter. CWM LLC now owns 1,372 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 888 shares during the period. Eagle Bay Advisors LLC grew its stake in shares of Four Corners Property Trust by 66.7% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,500 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 600 shares in the last quarter. GAMMA Investing LLC bought a new position in Four Corners Property Trust during the fourth quarter valued at about $66,000. Signaturefd LLC grew its position in 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 valued at $105,000 after buying an additional 1,803 shares during the period. Finally, Quadrant Capital Group LLC grew its position in 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 valued at $184,000 after buying an additional 3,355 shares during the period. 98.66% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Wells Fargo & Company increased their price target on shares of Four Corners Property Trust from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Tuesday, February 20th.
Get Our Latest Stock Analysis on FCPT
Four Corners Property Trust Stock Up 1.2 %
FCPT opened at $24.41 on Friday. Four Corners Property Trust, Inc. has a one year low of $20.51 and a one year high of $27.60. The company has a fifty day moving average price of $23.94 and a 200-day moving average price of $24.04. The firm has a market capitalization of $2.25 billion, a P/E ratio of 22.81 and a beta of 1.01. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.14 and a quick ratio of 0.14.
Four Corners Property Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 5.65%. The ex-dividend date of this dividend was Wednesday, March 27th. Four Corners Property Trust’s dividend payout ratio is presently 128.97%.
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.
Featured Articles
Want to see what other hedge funds are holding FCPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Four Corners Property Trust, Inc. (NYSE:FCPT – Free Report).
Receive News & Ratings for Four Corners Property Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Four Corners Property Trust and related companies with MarketBeat.com’s FREE daily email newsletter.
Source link
