Peregrine Capital Management LLC Buys 10,318 Shares of Four Corners Property Trust, Inc. (FCPT)

Peregrine Capital Management LLC increased its stake in Four Corners Property Trust, Inc. (NYSE:FCPT) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 515,205 shares of the financial services provider’s stock after buying an additional 10,318 shares during the period. Peregrine Capital Management LLC’s holdings in Four Corners Property Trust were worth $12,937,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in FCPT. Creative Planning increased its position in Four Corners Property Trust by 3.9% in the first quarter. Creative Planning now owns 6,782 shares of the financial services provider’s stock valued at $155,000 after buying an additional 252 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Four Corners Property Trust by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 24,398 shares of the financial services provider’s stock valued at $557,000 after buying an additional 300 shares during the period. Arizona State Retirement System boosted its stake in Four Corners Property Trust by 1.3% in the first quarter. Arizona State Retirement System now owns 31,238 shares of the financial services provider’s stock valued at $713,000 after buying an additional 400 shares during the period. FMR LLC boosted its stake in Four Corners Property Trust by 0.7% in the fourth quarter. FMR LLC now owns 92,220 shares of the financial services provider’s stock valued at $1,892,000 after buying an additional 630 shares during the period. Finally, Putnam Investments LLC boosted its stake in Four Corners Property Trust by 3.5% in the fourth quarter. Putnam Investments LLC now owns 22,268 shares of the financial services provider’s stock valued at $457,000 after buying an additional 755 shares during the period. 87.78% of the stock is owned by institutional investors.

Four Corners Property Trust, Inc. (FCPT) traded up 0.04% during midday trading on Friday, hitting $25.28. The stock had a trading volume of 182,823 shares. The firm has a 50 day moving average price of $25.33 and a 200 day moving average price of $22.98. Four Corners Property Trust, Inc. has a one year low of $16.71 and a one year high of $25.94. The stock has a market cap of $1.52 billion, a PE ratio of 19.49 and a beta of 0.18.

The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 3.84%. The ex-dividend date was Wednesday, June 28th. Four Corners Property Trust’s dividend payout ratio (DPR) is currently 74.62%.

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Several equities research analysts have recently issued reports on the company. Canaccord Genuity assumed coverage on Four Corners Property Trust in a report on Tuesday. They set a “hold” rating and a $26.00 price objective on the stock. Zacks Investment Research upgraded Four Corners Property Trust from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Wednesday, July 12th.

About Four Corners Property Trust

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.

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