Niccole Stewart Sells 9,100 Shares of Four Corners Property Trust, Inc. (NYSE:FCPT) Stock

Four Corners Property Trust, Inc. (NYSE:FCPT) CAO Niccole Stewart sold 9,100 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $27.28, for a total transaction of $248,248.00. Following 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 filing with the SEC, which is accessible through the SEC website.

Four Corners Property Trust Stock Performance

Shares of FCPT opened at $27.58 on Friday. Four Corners Property Trust, Inc. has a one year low of $23.70 and a one year high of $30.93. The company has a 50-day moving average of $27.78 and a two-hundred day moving average of $27.96. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 25.78 and a beta of 0.86. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11.

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

Four Corners Property Trust Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 5.15%. The ex-dividend date was Monday, March 31st. Four Corners Property Trust’s dividend payout ratio is currently 132.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, March 10th. Barclays reduced their price objective 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. JMP Securities reiterated a “market perform” rating on shares of Four Corners Property Trust in a report on Thursday, February 13th. Finally, UBS Group decreased their target price 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $29.60.

Institutional Trading of Four Corners Property Trust

Institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Four Corners Property Trust by 234.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,166 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 817 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Four Corners Property Trust by 165.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 860 shares during the period. Costello Asset Management INC acquired a new stake in shares of Four Corners Property Trust during the first quarter worth approximately $40,000. VSM Wealth Advisory LLC acquired a new stake in shares of Four Corners Property Trust during the fourth quarter worth approximately $39,000. Finally, GF Fund Management CO. LTD. acquired a new stake in shares of Four Corners Property Trust during the fourth quarter worth approximately $46,000. 98.66% of the stock is currently owned by institutional investors and hedge funds.

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.