SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 11% Stake in Four Corners Property Trust Inc.

FMR LLC and Abigail P. Johnson have jointly filed an amended Schedule 13G, reporting a beneficial ownership of 11.0% in Four Corners Property Trust Inc.'s common stock as of March 31, 2025.

Summary

• FMR LLC and Abigail P. Johnson filed an Amendment No. 11 to Schedule 13G concerning their beneficial ownership in Four Corners Property Trust Inc.
• As of March 31, 2025, FMR LLC and Abigail P. Johnson collectively beneficially own 11,036,401.72 shares of Four Corners Property Trust Inc. common stock.
• This beneficial ownership represents 11.0% of the total outstanding common stock of the issuer.
• FMR LLC holds sole voting power over 10,704,556.00 shares and sole dispositive power over 11,036,401.72 shares.
• Abigail P. Johnson holds sole dispositive power over 11,036,401.72 shares.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
• Several FMR LLC subsidiaries, including FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, and Strategic Advisers LLC, are identified as entities that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater.

Sentiment

Score: 5

Explanation: The document is a routine ownership disclosure (Schedule 13G) and does not contain information that inherently indicates positive or negative sentiment regarding the issuer's performance or outlook. It simply reports a significant beneficial ownership stake.

Positives

• Significant institutional ownership by FMR LLC, a major asset manager, indicates confidence in Four Corners Property Trust Inc.
• The shares are held in the ordinary course of business, suggesting a long-term investment perspective rather than an activist or control-seeking stance.

Risks

• No specific risks related to Four Corners Property Trust Inc.'s operations or financial health are disclosed in this ownership filing.

Future Outlook

NA

Management Comments

• "The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing indicates a significant institutional investment by FMR LLC, a major asset manager, in Four Corners Property Trust Inc., which is likely a Real Estate Investment Trust (REIT). Such substantial ownership by a prominent financial institution can signal confidence in the company's long-term prospects within the real estate sector, potentially attracting further investor interest.

Stakeholder Impact

• Shareholders: The disclosure of a significant 11.0% stake by a major institutional investor like FMR LLC may enhance investor confidence and potentially contribute to stock stability.
• Management: The company's management will be aware of a substantial institutional shareholder, which could influence strategic decisions or communication.

Next Steps

• FMR LLC and Abigail P. Johnson will file further amendments to this Schedule 13G if their beneficial ownership percentage changes by more than 1% or if their intent regarding the investment changes.

Key Dates

Keywords

Four Corners Property Trust, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Real Estate Investment Trust, REIT