Insider Selling: Four Corners Property Trust Inc (FCPT) Insider Sells 518 Shares of Stock

Four Corners Property Trust Inc (NYSE:FCPT) insider Niccole Stewart sold 518 shares of Four Corners Property Trust stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $25.90, for a total transaction of $13,416.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

FCPT stock traded down $0.19 during trading on Friday, hitting $25.97. The company had a trading volume of 349,679 shares, compared to its average volume of 364,318. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.95 and a quick ratio of 6.59. Four Corners Property Trust Inc has a 12 month low of $21.28 and a 12 month high of $27.48. The stock has a market capitalization of $1.77 billion, a PE ratio of 19.10 and a beta of 0.06.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings data on Monday, October 29th. The financial services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.08). Four Corners Property Trust had a return on equity of 13.21% and a net margin of 57.05%. The company had revenue of $36.12 million during the quarter, compared to the consensus estimate of $36.38 million. During the same quarter last year, the firm earned $0.32 EPS. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities analysts expect that Four Corners Property Trust Inc will post 1.41 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 28th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 4.24%. The ex-dividend date was Thursday, September 27th. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 80.88%.

FCPT has been the subject of a number of research analyst reports. TheStreet upgraded shares of Four Corners Property Trust from a “c” rating to a “b” rating in a research note on Monday, October 29th. Zacks Investment Research upgraded shares of Four Corners Property Trust from a “sell” rating to a “hold” rating in a research report on Friday. Finally, LADENBURG THALM/SH SH cut shares of Four Corners Property Trust from a “buy” rating to a “neutral” rating and set a $26.00 price objective for the company. in a research report on Tuesday, July 31st.

Hedge funds have recently bought and sold shares of the stock. FMR LLC raised its position in Four Corners Property Trust by 23.8% in the 2nd quarter. FMR LLC now owns 4,298,390 shares of the financial services provider’s stock worth $105,869,000 after purchasing an additional 825,290 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Four Corners Property Trust by 173.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,927 shares of the financial services provider’s stock valued at $392,000 after acquiring an additional 10,100 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Four Corners Property Trust by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 900,010 shares of the financial services provider’s stock valued at $22,168,000 after acquiring an additional 27,059 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Four Corners Property Trust by 2.2% during the 1st quarter. Principal Financial Group Inc. now owns 481,024 shares of the financial services provider’s stock valued at $11,107,000 after acquiring an additional 10,351 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Four Corners Property Trust by 11.5% during the 1st quarter. Russell Investments Group Ltd. now owns 69,490 shares of the financial services provider’s stock valued at $1,605,000 after acquiring an additional 7,167 shares during the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.

About Four Corners Property Trust

FCPT is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease for use in the restaurant and related food services industry.

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