Four Corners Property Trust (NYSE:FCPT) CEO William Lenehan Acquires 7,865 Shares of Stock

Four Corners Property Trust, Inc. (NYSE:FCPT) CEO William Lenehan purchased 7,865 shares of Four Corners Property Trust stock in a transaction dated Friday, March 6th. The stock was bought at an average price of $25.49 per share, for a total transaction of $200,478.85. Following the completion of the transaction, the chief executive officer directly owned 765,845 shares in the company, valued at $19,521,389.05. The trade was a 1.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Four Corners Property Trust Trading Up 0.6%

Shares of Four Corners Property Trust stock traded up $0.16 during trading on Friday, reaching $25.66. 669,847 shares of the company were exchanged, compared to its average volume of 835,515. The business has a 50-day moving average price of $24.62 and a 200-day moving average price of $24.45. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 23.33 and a beta of 0.82. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.36. Four Corners Property Trust, Inc. has a twelve month low of $22.78 and a twelve month high of $29.81.

Four Corners Property Trust (NYSE:FCPT) last released its earnings results on Wednesday, February 11th. The financial services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.02. The firm had revenue of $75.67 million for the quarter, compared to analyst estimates of $76.04 million. Four Corners Property Trust had a return on equity of 7.39% and a net margin of 38.20%.The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 earnings per share. Sell-side analysts anticipate that Four Corners Property Trust, Inc. will post 1.68 EPS for the current fiscal year.

Four Corners Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.3665 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.47 annualized dividend and a yield of 5.7%. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 133.64%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FCPT. Weiss Ratings reiterated a “hold (c)” rating on shares of Four Corners Property Trust in a report on Friday, January 9th. Wells Fargo & Company lowered their price objective on shares of Four Corners Property Trust from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 25th. Evercore dropped their price objective on Four Corners Property Trust from $29.00 to $26.00 and set an “in-line” rating on the stock in a research note on Monday, December 15th. Finally, Citigroup reiterated a “market perform” rating on shares of Four Corners Property Trust in a report on Monday, January 5th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.00.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FCPT. Parallel Advisors LLC increased its position in shares of Four Corners Property Trust by 80.1% during the third quarter. Parallel Advisors LLC now owns 1,041 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 463 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Four Corners Property Trust by 829.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,115 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 995 shares during the period. First Horizon Corp lifted its position in Four Corners Property Trust by 147.4% in the 4th quarter. First Horizon Corp now owns 1,190 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 709 shares in the last quarter. Huntington National Bank lifted its position in Four Corners Property Trust by 114.1% in the 4th quarter. Huntington National Bank now owns 1,569 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 836 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Four Corners Property Trust in the 4th quarter worth $36,000. Institutional investors own 98.66% of the company’s stock.

About Four Corners Property Trust

Four Corners Property Trust is a publicly traded real estate investment trust focused on acquiring and managing single-tenant commercial properties subject to long-term, triple-net leases. The company targets industrial, manufacturing, distribution, office and retail facilities leased to creditworthy tenants. By concentrating on net-lease structures, Four Corners seeks to generate stable, predictable income streams and mitigate operating cost variability.

The firm’s core activities include sourcing off-market and broker-sourced acquisition opportunities, conducting rigorous credit and property due diligence, and structuring lease agreements that shift property taxes, insurance and maintenance expenses to tenants.