Key Points
- CEO William Lenehan bought 7,865 shares at an average price of $25.49 (total ~$200,479), boosting his stake to 765,845 shares — about a 1.04% increase and roughly $19.5M in holdings.
- The company pays a quarterly dividend of $0.3665 (annualized $1.47), equating to a 5.7% dividend yield, but the dividend payout ratio is a high 133.64%, suggesting potential sustainability risk.
- Four Corners reported $0.45 EPS (beat by $0.02) and revenue of $75.67M (slightly below estimates but up 10.7% YoY); analysts give a consensus "Hold" rating with an average price target of $28.
Four Corners Property Trust, Inc. (NYSE:FCPT - Get Free Report) CEO William Lenehan purchased 7,865 shares of the business's stock in a transaction dated Friday, March 6th. The stock was purchased at an average price of $25.49 per share, for a total transaction of $200,478.85. Following the completion of the acquisition, the chief executive officer owned 765,845 shares of the company's stock, valued at approximately $19,521,389.05. This represents a 1.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Four Corners Property Trust Stock Up 0.6%
Shares of NYSE:FCPT traded up $0.16 during mid-day trading on Friday, reaching $25.66. 669,847 shares of the stock were exchanged, compared to its average volume of 835,515. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.36. The company has a market cap of $2.82 billion, a P/E ratio of 23.33 and a beta of 0.82. Four Corners Property Trust, Inc. has a one year low of $22.78 and a one year high of $29.81. The stock's 50 day simple moving average is $24.62 and its 200-day simple moving average is $24.45.
Four Corners Property Trust (NYSE:FCPT - Get Free Report) last released its earnings results on Wednesday, February 11th. The financial services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.43 by $0.02. Four Corners Property Trust had a return on equity of 7.39% and a net margin of 38.20%.The firm had revenue of $75.67 million for the quarter, compared to analysts' expectations of $76.04 million. During the same quarter in the previous year, the business posted $0.44 EPS. The business's quarterly revenue was up 10.7% compared to the same quarter last year. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.3665 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.47 dividend on an annualized basis and a dividend yield of 5.7%. Four Corners Property Trust's dividend payout ratio (DPR) is 133.64%.
Analysts Set New Price Targets
FCPT has been the subject of a number of recent research reports. Wells Fargo & Company reduced 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 note on Tuesday, November 25th. Citigroup reiterated a "market perform" rating on shares of Four Corners Property Trust in a report on Monday, January 5th. Weiss Ratings reissued a "hold (c)" rating on shares of Four Corners Property Trust in a research report on Friday, January 9th. Finally, Evercore decreased their price target on Four Corners Property Trust from $29.00 to $26.00 and set an "in-line" rating for the company in a research note on Monday, December 15th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Four Corners Property Trust presently has an average rating of "Hold" and an average price target of $28.00.
View Our Latest Analysis on Four Corners Property Trust
Institutional Investors Weigh In On Four Corners Property Trust
Hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC lifted its holdings in Four Corners Property Trust by 80.1% during the 3rd quarter. Parallel Advisors LLC now owns 1,041 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 463 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Four Corners Property Trust by 829.2% in the fourth quarter. Farther Finance Advisors LLC now owns 1,115 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 995 shares during the last quarter. First Horizon Corp increased its position in Four Corners Property Trust by 147.4% during the 4th quarter. First Horizon Corp now owns 1,190 shares of the financial services provider's stock worth $27,000 after buying an additional 709 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in shares of Four Corners Property Trust during the second quarter worth $37,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of Four Corners Property Trust in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 98.66% of the company's stock.
About Four Corners Property Trust
(
Get Free Report)
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.
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