The most recent Form 13F filing that the company made with the Securities and Exchange Commission reveals that during the third quarter, US Bancorp DE increased its holdings in Four Corners Property Trust, Inc. (NYSE:FCPT) by 63.3%. The corporation amassed a total of 41,596 shares of the financial services provider’s stock after purchasing an additional 16,121 of those shares during the course of the quarter, bringing the total number of shares owned by the business to a total of 41,596. According to the most recent filing that US Bancorp DE has made with the SEC, the company has invested a total of $1,006,000 and holds 0.05% of the shares in Four Corners Property Trust.
Other hedge funds have been seen trading FCPT shares on the market recently, in both buying and selling transactions. BlackRock Inc. increased the proportion of Four Corners Property Trust shares it owned by 1.8% during the first three months of the current year. BlackRock Inc. now has a total of 15,230,359 shares of the stock of the financial services provider thanks to the purchase of an additional 267,083 shares during the most recent quarter. Based on the current price of the stock, this gives the company an estimated value of $411,828,000. The value of Vanguard Group, Inc.’s holdings in Four Corners Property Trust increased by 3.4% during the first three months of the year. After making an additional purchase of 312,407 shares during the most recent fiscal quarter, Vanguard Group Inc. now has a total of 9,456,757 shares of the stock that is held by the provider of financial services. There is a value of $255,711,000 attached to these shares. Victory Capital Management Inc. increased the percentage of ownership it held in Four Corners Property Trust by 15.6% during the second quarter of the fiscal year. Following the acquisition of an additional 637,518 shares during the most recent quarter, Victory Capital Management Inc. now possesses a total of 4,712,173 shares of the stock of the financial services provider, which are currently valued at a total of $125,296,000. During the course of the second quarter, State Street Corporation managed to achieve a 3.7% increase in the proportion of ownership it held in Four Corners Property Trust. State Street Corp. now holds a total of 123,056,000 shares of the stock of the financial services provider, which are currently valued at 4,572,930 dollars. This is after the company made an additional purchase of 161,578 shares during the most recent fiscal quarter. And finally, during the first three months of this year, Invesco Ltd. increased the amount of Four Corners Property Trust stock that it owned by 3.6%, making that the final point of this discussion. Invesco Ltd. had a total of 2,564,004 shares of the stock of the financial services provider as of the end of the most recent quarter following the purchase of an additional 88,610 shares during the preceding quarter. The stock has an estimated value of $69,331,000. A combined total of 94.71% of the total number of shares outstanding in the company are held by institutional investors and hedge funds.
Recent FCPT data is now accessible to customers of a variety of brokerages, each of which has done so independently. While maintaining their “outperform” rating on the stock, Robert W. Baird lowered their price target on shares of Four Corners Property Trust from $30.00 to $27.00 in a research report that was published on Friday, October 7th. The report was about the company’s shares. Raymond James increased the target price for Four Corners Property Trust from $28.00 to $29.00 in a research report that was made public on Monday, January 9th. The report was released by Raymond James. In addition to that, an “outperform” rating was assigned to the stock during that time period. The research section of StockNews.com saw the very first publication of an article relating to Four Corners Property Trust on Wednesday, October 12; this was the day the article went live. They advised their clients to “hold” the stock moving
22.73, a market capitalization of $2.35 billion, a beta value of 0.87, and its moving averages for the past 50 days and the past 200 days are both $26.68.
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