Four Corners Property Trust (NYSE:FCPT) CEO William Lenehan Buys 3,961 Shares

Four Corners Property Trust, Inc. (NYSE:FCPT) CEO William Lenehan purchased 3,961 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was bought at an average cost of $25.23 per share, with a total value of $99,936.03. Following the completion of the acquisition, the chief executive officer owned 775,696 shares of the company’s stock, valued at approximately $19,570,810.08. The trade was a 0.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Four Corners Property Trust Stock Performance

NYSE FCPT opened at $25.43 on Thursday. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 22.70 and a beta of 0.83. The business has a fifty day moving average of $24.98 and a 200-day moving average of $24.38. Four Corners Property Trust, Inc. has a fifty-two week low of $22.78 and a fifty-two week high of $28.14. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.35.

Four Corners Property Trust (NYSE:FCPT) last released its earnings results on Wednesday, April 29th. The financial services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.14). The business had revenue of $78.17 million during the quarter, compared to analyst estimates of $73.34 million. Four Corners Property Trust had a net margin of 38.74% and a return on equity of 7.38%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 earnings per share. As a group, analysts predict that Four Corners Property Trust, Inc. will post 1.75 earnings per share for the current fiscal year.

Four Corners Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.3665 dividend. This represents a $1.47 annualized dividend and a yield of 5.8%. The ex-dividend date was Tuesday, March 31st. Four Corners Property Trust’s dividend payout ratio is presently 131.25%.

Institutional Investors Weigh In On Four Corners Property Trust

Several institutional investors and hedge funds have recently modified their holdings of FCPT. B&I Capital AG lifted its stake in shares of Four Corners Property Trust by 20.5% in the third quarter. B&I Capital AG now owns 268,787 shares of the financial services provider’s stock worth $6,558,000 after acquiring an additional 45,687 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Four Corners Property Trust by 20.6% during the third quarter. JPMorgan Chase & Co. now owns 611,782 shares of the financial services provider’s stock valued at $14,927,000 after buying an additional 104,480 shares in the last quarter. Public Sector Pension Investment Board raised its stake in Four Corners Property Trust by 18.9% during the third quarter. Public Sector Pension Investment Board now owns 407,427 shares of the financial services provider’s stock valued at $9,941,000 after buying an additional 64,906 shares in the last quarter. Clear Trail Advisors LLC acquired a new stake in Four Corners Property Trust during the fourth quarter valued at approximately $1,328,000. Finally, Victory Capital Management Inc. raised its stake in Four Corners Property Trust by 7.2% during the third quarter. Victory Capital Management Inc. now owns 3,902,064 shares of the financial services provider’s stock valued at $95,210,000 after buying an additional 262,581 shares in the last quarter. Hedge funds and other institutional investors own 98.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Barclays upped their target price on Four Corners Property Trust from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Four Corners Property Trust in a research report on Wednesday, April 8th. Citizens Jmp raised Four Corners Property Trust from a “market perform” rating to an “outperform” rating and set a $28.00 price target for the company in a research report on Wednesday, March 25th. Raymond James Financial lowered their price target on Four Corners Property Trust from $29.00 to $28.00 and set an “outperform” rating for the company in a research report on Tuesday, March 17th. Finally, BMO Capital Markets assumed coverage on Four Corners Property Trust in a research report on Friday, April 17th. They set a “market perform” rating and a $27.00 price target for the company. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Four Corners Property Trust has an average rating of “Hold” and a consensus price target of $28.00.

Four Corners Property Trust Company Profile

Four Corners Property Trust is a publicly traded real estate investment trust focused on acquiring and managing single-tenant commercial properties subject to long-term, triple-net leases. The company targets industrial, manufacturing, distribution, office and retail facilities leased to creditworthy tenants. By concentrating on net-lease structures, Four Corners seeks to generate stable, predictable income streams and mitigate operating cost variability.

The firm’s core activities include sourcing off-market and broker-sourced acquisition opportunities, conducting rigorous credit and property due diligence, and structuring lease agreements that shift property taxes, insurance and maintenance expenses to tenants.