Four Corners Property Trust (NYSE:FCPT) CEO William H. Lenehan Purchases 7,850 Shares

Key Points

• Four Corners Property Trust CEO, William Lenehan, purchased $199,390 worth of stock, acquiring 7,850 shares at an average price of $25.40 each, increasing his ownership by 1.14% to 698,426 shares.
• In its latest earnings report, the company reported a **year-over-year revenue increase of 9.6%** and earnings per share (EPS) of $0.44, exceeding analysts' expectations of $0.42.
• Analysts' ratings for Four Corners Property Trust are mixed, with **two "Buy" ratings** and three "Hold" ratings, and a consensus price target of **$29.00**.

Four Corners Property Trust, Inc. (NYSE:FCPT - Get Free Report) CEO William H. Lenehan acquired 7,850 shares of the company's stock in a transaction dated Friday, September 12th. The shares were bought at an average cost of $25.40 per share, with a total value of $199,390.00. Following the purchase, the chief executive officer owned 698,426 shares in the company, valued at approximately $17,740,020.40. The trade was a 1.14% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Four Corners Property Trust Trading Up 0.1%

FCPT stock traded up $0.02 on Wednesday, hitting $25.39. 647,475 shares of the company were exchanged, compared to its average volume of 523,784. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 23.51 and a beta of 0.86. Four Corners Property Trust, Inc. has a twelve month low of $25.00 and a twelve month high of $30.93. The business's fifty day moving average is $25.89 and its two-hundred day moving average is $27.05.

Four Corners Property Trust (NYSE:FCPT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. 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 company had revenue of $72.84 million during the quarter, compared to analysts' expectations of $70.27 million. Four Corners Property Trust had a net margin of 37.87% and a return on equity of 7.40%. The business's quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 EPS. As a group, research analysts forecast that Four Corners Property Trust, Inc. will post 1.68 earnings per share for the current year.

Four Corners Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, September 30th. Four Corners Property Trust's dividend payout ratio is 131.48%.

Institutional Trading of Four Corners Property Trust

Several institutional investors have recently added to or reduced their stakes in FCPT. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Four Corners Property Trust by 9.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,551 shares of the financial services provider's stock valued at $274,000 after buying an additional 796 shares during the period. KBC Group NV grew its holdings in shares of Four Corners Property Trust by 40.8% during the first quarter. KBC Group NV now owns 5,212 shares of the financial services provider's stock valued at $150,000 after purchasing an additional 1,510 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Four Corners Property Trust by 23.6% during the first quarter. GAMMA Investing LLC now owns 6,457 shares of the financial services provider's stock valued at $185,000 after purchasing an additional 1,231 shares during the last quarter. Asset Management One Co. Ltd. raised its position in shares of Four Corners Property Trust by 9.5% during the 1st quarter. Asset Management One Co. Ltd. now owns 275,185 shares of the financial services provider's stock worth $7,898,000 after purchasing an additional 23,884 shares during the period. Finally, Retirement Planning Co of New England Inc. bought a new stake in shares of Four Corners Property Trust in the 1st quarter worth approximately $437,000. Institutional investors own 98.66% of the company's stock.

Wall Street Analyst Weigh In

FCPT has been the subject of several recent research reports. 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 report on Wednesday, August 20th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $27.00 price target (down from $29.00) on shares of Four Corners Property Trust in a report on Thursday, September 11th. UBS Group lifted their price target on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Finally, Raymond James Financial decreased 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 report on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $29.00.

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.