Insider Selling: Four Corners Property Trust, Inc. (NYSE:FCPT) Director Sells $177,568.80 in Stock

Four Corners Property Trust, Inc. (NYSE:FCPT) Director John S. Moody sold 7,230 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $24.56, for a total transaction of $177,568.80. Following the sale, the director now directly owns 61,108 shares in the company, valued at approximately $1,500,812.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Four Corners Property Trust Price Performance

Shares of NYSE:FCPT opened at $24.39 on Friday. The business has a fifty day moving average price of $24.03 and a 200-day moving average price of $24.17. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.14 and a quick ratio of 0.14. The company has a market capitalization of $2.24 billion, a PE ratio of 22.79 and a beta of 1.05. Four Corners Property Trust, Inc. has a 1-year low of $20.51 and a 1-year high of $27.60.

Four Corners Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.345 per share. The ex-dividend date is Friday, June 28th. This represents a $1.38 dividend on an annualized basis and a yield of 5.66%. Four Corners Property Trust’s dividend payout ratio is currently 128.97%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FCPT. Swiss National Bank increased its position in shares of Four Corners Property Trust by 2.1% during the third quarter. Swiss National Bank now owns 191,307 shares of the financial services provider’s stock valued at $4,245,000 after acquiring an additional 3,900 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Four Corners Property Trust by 5.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,286,097 shares of the financial services provider’s stock valued at $28,538,000 after purchasing an additional 68,006 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Four Corners Property Trust by 82.8% in the 3rd quarter. HighTower Advisors LLC now owns 16,845 shares of the financial services provider’s stock worth $373,000 after purchasing an additional 7,629 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Four Corners Property Trust by 6.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 98,985 shares of the financial services provider’s stock worth $2,196,000 after purchasing an additional 5,762 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Four Corners Property Trust by 34.9% during the third quarter. Deutsche Bank AG now owns 507,017 shares of the financial services provider’s stock valued at $11,251,000 after purchasing an additional 131,262 shares in the last quarter. 98.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company lifted their target price on shares of Four Corners Property Trust from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th.

About Four Corners Property Trust

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.