Teacher Retirement System of Texas Cuts Holdings in Four Corners Property Trust, Inc. (NYSE:FCPT)

Teacher Retirement System of Texas reduced its holdings in Four Corners Property Trust, Inc. (NYSE:FCPT - Free Report) by 69.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 25,539 shares of the financial services provider's stock after selling 58,075 shares during the quarter. Teacher Retirement System of Texas' holdings in Four Corners Property Trust were worth $646,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in Four Corners Property Trust by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,339,614 shares of the financial services provider's stock valued at $33,892,000 after acquiring an additional 53,517 shares during the period. Vanguard Group Inc. boosted its stake in shares of Four Corners Property Trust by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 10,224,604 shares of the financial services provider's stock valued at $226,884,000 after purchasing an additional 102,504 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Four Corners Property Trust by 4.5% in the 3rd quarter. Northern Trust Corp now owns 1,163,576 shares of the financial services provider's stock valued at $25,820,000 after purchasing an additional 50,303 shares during the last quarter. FMR LLC boosted its stake in shares of Four Corners Property Trust by 12.1% in the 3rd quarter. FMR LLC now owns 9,831,411 shares of the financial services provider's stock valued at $218,159,000 after purchasing an additional 1,061,170 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Four Corners Property Trust by 34.9% in the 3rd quarter. Deutsche Bank AG now owns 507,017 shares of the financial services provider's stock valued at $11,251,000 after purchasing an additional 131,262 shares during the last quarter. 98.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wells Fargo & Company upped their price objective on shares of Four Corners Property Trust from $24.00 to $25.00 and gave the company an "overweight" rating in a research note on Tuesday, February 20th.

Four Corners Property Trust Stock Up 0.2 %

NYSE FCPT traded up $0.06 on Friday, hitting $24.11. 205,998 shares of the company were exchanged, compared to its average volume of 362,854. The company has a market cap of $2.22 billion, a PE ratio of 22.53 and a beta of 1.01. Four Corners Property Trust, Inc. has a 12 month low of $20.51 and a 12 month high of $27.60. The stock has a fifty day moving average of $23.99 and a 200-day moving average of $23.98. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.40.

Four Corners Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a yield of 5.72%. 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 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.