Four Corners Property Trust, Inc. (NYSE:FCPT) CAO Sells $248,248.00 in Stock

Four Corners Property Trust, Inc. (NYSE:FCPT) CAO Niccole Stewart sold 9,100 shares of the company’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $27.28, for a total transaction of $248,248.00. Following the completion of the transaction, the chief accounting officer now owns 31,204 shares of the company’s stock, valued at approximately $851,245.12. This trade represents a 22.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Four Corners Property Trust Trading Up 0.9%

Four Corners Property Trust stock opened at $27.58 on Friday. The firm has a 50 day simple moving average of $27.78 and a 200-day simple moving average of $27.96. 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 $2.77 billion, a PE ratio of 25.78 and a beta of 0.86. Four Corners Property Trust, Inc. has a 12-month low of $23.70 and a 12-month high of $30.93.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. The business had revenue of $71.48 million during the quarter, compared to analysts’ expectations of $67.17 million. Four Corners Property Trust had a net margin of 37.48% and a return on equity of 7.54%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm posted $0.43 earnings per share. As a group, equities research analysts expect that Four Corners Property Trust, Inc. will post 1.68 EPS for the current fiscal year.

Four Corners Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date was Monday, March 31st. Four Corners Property Trust’s payout ratio is 132.71%.

Analysts Set New Price Targets

Several research firms have commented on FCPT. JMP Securities restated a “market perform” rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Barclays decreased their target price on shares of Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Wells Fargo & Company upped their target price on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. Finally, 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 report on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $29.60.

Institutional Trading of Four Corners Property Trust

Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its holdings in Four Corners Property Trust by 91.2% during the fourth quarter. SG Americas Securities LLC now owns 9,872 shares of the financial services provider’s stock worth $268,000 after buying an additional 4,708 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Four Corners Property Trust by 1.3% during the fourth quarter. Bank of New York Mellon Corp now owns 891,425 shares of the financial services provider’s stock worth $24,193,000 after buying an additional 11,131 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Four Corners Property Trust by 6.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,612,978 shares of the financial services provider’s stock worth $43,776,000 after buying an additional 94,903 shares in the last quarter. Barclays PLC boosted its holdings in Four Corners Property Trust by 10.6% during the fourth quarter. Barclays PLC now owns 172,564 shares of the financial services provider’s stock worth $4,682,000 after buying an additional 16,543 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in Four Corners Property Trust during the fourth quarter worth approximately $419,000. 98.66% of the stock is currently owned by institutional investors.

About Four Corners Property Trust

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.