Four Corners Property Trust (NYSE:FCPT) CAO Sells $99,935.00 in Stock

Four Corners Property Trust, Inc. (NYSE:FCPT) CAO Niccole Stewart sold 3,950 shares of Four Corners Property Trust stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $25.30, for a total value of $99,935.00. Following the completion of the sale, the chief accounting officer owned 27,502 shares in the company, valued at approximately $695,800.60. This represents a 12.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Four Corners Property Trust Price Performance

Shares of FCPT stock opened at $25.35 on Wednesday. The firm has a market cap of $2.65 billion, a P/E ratio of 23.47 and a beta of 0.86. Four Corners Property Trust, Inc. has a fifty-two week low of $25.00 and a fifty-two week high of $30.93. The business’s 50 day moving average price is $25.91 and its 200-day moving average price is $27.07. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.12 and a current ratio of 0.12.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The firm had revenue of $72.84 million for the quarter, compared to analyst estimates of $70.27 million. Four Corners Property Trust had a return on equity of 7.40% and a net margin of 37.87%.The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the company earned $0.43 EPS. On average, equities research analysts anticipate that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current year.

Four Corners Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Tuesday, September 30th. Four Corners Property Trust’s dividend payout ratio (DPR) is currently 131.48%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Barclays cut their price objective on Four Corners Property Trust from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 20th. Wells Fargo & Company restated an “equal weight” rating and set a $27.00 price target (down from $29.00) on shares of Four Corners Property Trust in a research report on Thursday, September 11th. UBS Group lifted their price target on Four Corners Property Trust from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Finally, Raymond James Financial dropped their price target on Four Corners Property Trust from $31.00 to $29.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $29.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Inspire Investing LLC raised its stake in Four Corners Property Trust by 2.2% during the second quarter. Inspire Investing LLC now owns 17,495 shares of the financial services provider’s stock valued at $471,000 after buying an additional 383 shares during the last quarter. CWM LLC raised its stake in Four Corners Property Trust by 15.0% during the first quarter. CWM LLC now owns 2,975 shares of the financial services provider’s stock valued at $85,000 after buying an additional 389 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Four Corners Property Trust by 5.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,755 shares of the financial services provider’s stock valued at $238,000 after buying an additional 450 shares during the last quarter. Palisades Investment Partners LLC raised its stake in Four Corners Property Trust by 1.5% during the first quarter. Palisades Investment Partners LLC now owns 31,762 shares of the financial services provider’s stock valued at $912,000 after buying an additional 459 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV raised its stake in Four Corners Property Trust by 4.0% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 12,988 shares of the financial services provider’s stock valued at $357,000 after buying an additional 504 shares during the last quarter. Hedge funds and other institutional investors own 98.66% of the company’s stock.

Four Corners Property Trust Company Profile

Four Corners Property Trust, Inc engages in the owning, acquisition, and leasing of properties for use in the restaurant and food-service related industries. It operates through the Real Estate Operations and Restaurant Operations segments. The Real Estate Operations segment consists of rental revenues generated by leasing restaurant properties.