Four Corners Property Trust (NYSE:FCPT) Now Covered by JMP Securities

Stock analysts at JMP Securities began coverage on shares of Four Corners Property Trust (NYSE:FCPT) in a report released on Monday, MarketBeat Ratings reports. The firm set a “market perform” rating on the financial services provider’s stock.

Four Corners Property Trust Stock Performance

Shares of Four Corners Property Trust stock opened at $24.72 on Monday. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 23.10 and a beta of 1.08. 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 business has a 50-day moving average of $24.44 and a 200 day moving average of $24.17. Four Corners Property Trust has a 12 month low of $20.51 and a 12 month high of $27.60.

Insider Buying and Selling

In other Four Corners Property Trust news, CEO William H. Lenehan purchased 6,230 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was bought at an average price of $24.05 per share, with a total value of $149,831.50. Following the transaction, the chief executive officer now directly owns 620,394 shares of the company’s stock, valued at approximately $14,920,475.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, 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 completion of the transaction, the director now directly owns 61,108 shares of the company’s stock, valued at $1,500,812.48. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO William H. Lenehan bought 6,230 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were purchased at an average price of $24.05 per share, for a total transaction of $149,831.50. Following the completion of the purchase, the chief executive officer now directly owns 620,394 shares of the company’s stock, valued at approximately $14,920,475.70. The disclosure for this purchase can be found here. 1.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FCPT. iA Global Asset Management Inc. raised its holdings in shares of Four Corners Property Trust by 5.2% in the 1st quarter. iA Global Asset Management Inc. now owns 22,867 shares of the financial services provider’s stock valued at $560,000 after purchasing an additional 1,127 shares in the last quarter. Vancity Investment Management Ltd raised its stake in Four Corners Property Trust by 33.0% in the first quarter. Vancity Investment Management Ltd now owns 42,643 shares of the financial services provider’s stock valued at $1,043,000 after buying an additional 10,586 shares in the last quarter. Earnest Partners LLC lifted its holdings in Four Corners Property Trust by 15.5% during the 1st quarter. Earnest Partners LLC now owns 2,429,030 shares of the financial services provider’s stock worth $59,438,000 after buying an additional 326,281 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Four Corners Property Trust by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,801 shares of the financial services provider’s stock worth $1,513,000 after buying an additional 3,268 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its position in shares of Four Corners Property Trust by 491.0% during the 1st quarter. Lazard Asset Management LLC now owns 7,973 shares of the financial services provider’s stock worth $195,000 after acquiring an additional 6,624 shares in the last quarter. Institutional investors and hedge funds own 98.66% of the company’s stock.

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.