Four Corners Property Trust (NYSE:FCPT) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Shares of Four Corners Property Trust, Inc. (NYSE:FCPT) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $24.95 and traded as low as $24.18. Four Corners Property Trust shares last traded at $24.4580, with a volume of 668,791 shares trading hands.

Wall Street Analysts Forecast Growth

FCPT has been the topic of several research reports. Weiss Ratings cut shares of Four Corners Property Trust from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Citizens Jmp upgraded shares of Four Corners Property Trust from a “market perform” rating to an “outperform” rating and set a $28.00 target price on the stock in a report on Wednesday, March 25th. Barclays raised their target price on shares of Four Corners Property Trust from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 21st. BMO Capital Markets assumed coverage on Four Corners Property Trust in a research report on Friday, April 17th. They set a “market perform” rating and a $27.00 target price on the stock. Finally, Wells Fargo & Company increased their target price on Four Corners Property Trust from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $28.12.

Four Corners Property Trust Trading Down 0.1%

The business has a 50-day moving average of $24.96 and a 200-day moving average of $24.54. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.35. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 21.84 and a beta of 0.80.

Four Corners Property Trust (NYSE:FCPT) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.14). The firm had revenue of $78.17 million during the quarter, compared to analyst estimates of $73.34 million. Four Corners Property Trust had a return on equity of 7.38% and a net margin of 38.74%.The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 earnings per share. As a group, research analysts forecast that Four Corners Property Trust, Inc. will post 1.76 earnings per share for the current year.

Four Corners Property Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.1222 per share. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Wednesday, September 30th. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 131.25%.

Insider Buying and Selling

In other Four Corners Property Trust news, CEO William H. Lenehan bought 3,961 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was bought at an average cost of $25.23 per share, with a total value of $99,936.03. Following the completion of the transaction, the chief executive officer directly owned 775,696 shares of the company’s stock, valued at approximately $19,570,810.08. The trade was a 0.51% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Four Corners Property Trust

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

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.