Four Corners Property Trust, Inc. (NYSE:FCPT) Director Sells $210,229.14 in Stock

Four Corners Property Trust, Inc. (NYSE:FCPT) Director John S. Moody sold 7,667 shares of the company’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $27.42, for a total transaction of $210,229.14. Following the completion of the transaction, the director now owns 53,821 shares of the company’s stock, valued at $1,475,771.82. This represents a 12.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Four Corners Property Trust Price Performance

Four Corners Property Trust stock traded up $0.40 during trading hours on Monday, hitting $27.79. The stock had a trading volume of 515,397 shares, compared to its average volume of 639,018. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 25.97 and a beta of 0.86. Four Corners Property Trust, Inc. has a 1-year low of $23.76 and a 1-year high of $30.93. The stock’s fifty day moving average is $27.49 and its two-hundred day moving average is $27.87.

Four Corners Property Trust (NYSE:FCPT) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02. The company had revenue of $71.48 million for the quarter, compared to analyst estimates of $67.17 million. Four Corners Property Trust had a return on equity of 7.54% and a net margin of 37.48%. Four Corners Property Trust’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.43 earnings per share. As a group, analysts predict that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Institutional Trading of Four Corners Property Trust

Several hedge funds and other institutional investors have recently bought and sold shares of FCPT. Barclays PLC boosted its stake in Four Corners Property Trust by 109.5% in the 3rd quarter. Barclays PLC now owns 156,021 shares of the financial services provider’s stock worth $4,572,000 after buying an additional 81,565 shares during the last quarter. KBC Group NV grew its stake in shares of Four Corners Property Trust by 50.4% during the 4th quarter. KBC Group NV now owns 3,702 shares of the financial services provider’s stock valued at $100,000 after buying an additional 1,240 shares during the period. abrdn plc grew its stake in shares of Four Corners Property Trust by 35.8% during the 4th quarter. abrdn plc now owns 24,640 shares of the financial services provider’s stock valued at $677,000 after buying an additional 6,501 shares during the period. Yousif Capital Management LLC grew its stake in shares of Four Corners Property Trust by 1.7% during the 4th quarter. Yousif Capital Management LLC now owns 36,611 shares of the financial services provider’s stock valued at $994,000 after buying an additional 600 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in shares of Four Corners Property Trust by 4.1% during the 4th quarter. State of Alaska Department of Revenue now owns 101,169 shares of the financial services provider’s stock valued at $2,745,000 after buying an additional 3,983 shares during the period. 98.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on FCPT. UBS Group decreased their price objective on shares of Four Corners Property Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, May 13th. JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a research note on Thursday, February 13th. Finally, Wells Fargo & Company decreased their target price on shares of Four Corners Property Trust from $31.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, June 2nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.40.

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.