Four Corners Property Trust (NYSE:FCPT) CEO Acquires $199,390.00 in Stock

Four Corners Property Trust, Inc. (NYSE:FCPT) CEO William Lenehan bought 7,850 shares of the stock in a transaction on Friday, September 12th. The stock was purchased at an average cost of $25.40 per share, with a total value of $199,390.00. Following the completion of the purchase, the chief executive officer directly owned 698,426 shares in the company, valued at $17,740,020.40. This trade represents a 1.14% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Four Corners Property Trust Price Performance

FCPT stock opened at $25.45 on Friday. The stock has a market capitalization of $2.66 billion, a P/E ratio of 23.57 and a beta of 0.86. 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, Inc. has a one year low of $25.00 and a one year high of $30.93. The company has a 50 day moving average price of $25.97 and a two-hundred day moving average price of $27.12.

Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. Four Corners Property Trust had a net margin of 37.87% and a return on equity of 7.40%. The company had revenue of $72.84 million for the quarter, compared to analyst estimates of $70.27 million. During the same quarter last year, the business earned $0.43 EPS. Four Corners Property Trust’s revenue for the quarter was up 9.6% on a year-over-year basis. As a group, sell-side analysts expect that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Hedge Funds Weigh In On Four Corners Property Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Trust Co. of Toledo NA OH acquired a new position in shares of Four Corners Property Trust during the 2nd quarter valued at $27,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Four Corners Property Trust during the 2nd quarter valued at $37,000. Costello Asset Management INC purchased a new stake in Four Corners Property Trust during the 1st quarter worth $40,000. GF Fund Management CO. LTD. purchased a new stake in Four Corners Property Trust during the 4th quarter worth $46,000. Finally, Brooklyn Investment Group increased its stake in Four Corners Property Trust by 1,389.5% during the 1st quarter. Brooklyn Investment Group now owns 1,698 shares of the financial services provider’s stock worth $49,000 after buying an additional 1,584 shares during the period. Institutional investors and hedge funds own 98.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on FCPT shares. Barclays lowered their price objective on shares of Four Corners Property Trust from $30.00 to $29.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 20th. UBS Group boosted their price objective on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Raymond James Financial lowered their price objective on shares of Four Corners Property Trust from $31.00 to $29.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $27.00 price objective (down from $29.00) on shares of Four Corners Property Trust in a research note on Thursday. Two 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 presently has an average rating of “Hold” and a consensus target price of $29.00.

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.