Four Corners Property Trust Inc (NYSE:FCPT) CFO Gerald R. Morgan sold 3,400 shares of the firm’s stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of $27.03, for a total value of $91,902.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

FCPT stock traded down $0.03 during midday trading on Tuesday, hitting $27.03. The stock had a trading volume of 258,419 shares, compared to its average volume of 363,073. The stock has a market cap of $1.83 billion, a P/E ratio of 19.88 and a beta of 0.06. Four Corners Property Trust Inc has a 52 week low of $21.28 and a 52 week high of $27.48. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.95 and a quick ratio of 2.95.

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

Several research analysts recently commented on the company. LADENBURG THALM/SH SH cut Four Corners Property Trust from a “buy” rating to a “neutral” rating and set a $26.00 target price for the company. in a research report on Tuesday, July 31st. Zacks Investment Research raised Four Corners Property Trust from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. Finally, TheStreet raised Four Corners Property Trust from a “c” rating to a “b” rating in a research report on Monday, October 29th.

A number of hedge funds have recently modified their holdings of the stock. Eii Capital Management Inc. bought a new position in shares of Four Corners Property Trust during the third quarter valued at $123,000. Itau Unibanco Holding S.A. bought a new position in shares of Four Corners Property Trust during the second quarter valued at $166,000. Nisa Investment Advisors LLC bought a new position in shares of Four Corners Property Trust during the second quarter valued at $265,000. First Trust Advisors LP lifted its holdings in shares of Four Corners Property Trust by 29.0% during the third quarter. First Trust Advisors LP now owns 12,431 shares of the financial services provider’s stock valued at $319,000 after acquiring an additional 2,797 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Four Corners Property Trust during the second quarter valued at $320,000. 82.86% of the stock is owned by hedge funds and other institutional investors.

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Four Corners Property Trust Company Profile

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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