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

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

Four Corners Property Trust Stock Performance

FCPT traded up $0.09 during trading on Thursday, hitting $27.63. The stock had a trading volume of 428,958 shares, compared to its average volume of 640,526. 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 company has a 50 day moving average price of $27.49 and a 200-day moving average price of $27.85. Four Corners Property Trust, Inc. has a one year low of $24.11 and a one year high of $30.93. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 25.82 and a beta of 0.86.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the business posted $0.43 earnings per share. Four Corners Property Trust's quarterly revenue was up 7.5% on a year-over-year basis. As a group, research analysts predict that Four Corners Property Trust, Inc. will post 1.68 EPS for the current year.

Four Corners Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.355 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.14%. Four Corners Property Trust's payout ratio is presently 132.71%.

Analyst Upgrades and Downgrades

FCPT has been the subject of several research analyst reports. UBS Group reduced their target price on 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 reaffirmed a "market perform" rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Finally, Wells Fargo & Company decreased their price objective on shares of Four Corners Property Trust from $31.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday, June 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $29.40.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its position 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. lifted its position in shares of Four Corners Property Trust by 6.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,612,978 shares of the financial services provider's stock valued at $43,776,000 after acquiring an additional 94,903 shares during the period. Barclays PLC grew its stake 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. Entropy Technologies LP bought a new position in Four Corners Property Trust in the fourth quarter valued at approximately $419,000. Finally, Yousif Capital Management LLC raised its holdings 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 worth $994,000 after buying an additional 600 shares in the last quarter. 98.66% of the stock is owned by institutional investors.

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.