Four Corners Property Trust, Inc. (FCPT) Director Douglas B. Hansen Acquires 1,000 Shares

Four Corners Property Trust, Inc. (NYSE:FCPT) Director Douglas B. Hansen bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average price of $21.78 per share, for a total transaction of $21,780.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of Four Corners Property Trust, Inc. (FCPT) traded up $0.11 during midday trading on Tuesday, hitting $22.60. 228,546 shares of the stock traded hands, compared to its average volume of 281,045. Four Corners Property Trust, Inc. has a 52-week low of $20.82 and a 52-week high of $26.96. The firm has a market capitalization of $1,370.00 and a price-to-earnings ratio of 15.88.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Trust Department MB Financial Bank N A acquired a new position in shares of Four Corners Property Trust during the fourth quarter valued at about $112,000. Quantbot Technologies LP acquired a new position in shares of Four Corners Property Trust during the third quarter valued at about $199,000. Schroder Investment Management Group acquired a new position in shares of Four Corners Property Trust during the third quarter valued at about $201,000. Tudor Investment Corp ET AL acquired a new position in shares of Four Corners Property Trust during the second quarter valued at about $206,000. Finally, Amalgamated Bank acquired a new position in shares of Four Corners Property Trust during the second quarter valued at about $209,000. Hedge funds and other institutional investors own 85.84% of the company’s stock.

Several equities analysts recently issued reports on FCPT shares. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Four Corners Property Trust in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of Four Corners Property Trust from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Tuesday, October 17th. Finally, BidaskClub upgraded shares of Four Corners Property Trust from a “sell” rating to a “hold” rating in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.25.

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About Four Corners Property Trust

Four Corners Property Trust, Inc is a self-administered company and real estate investment trust (REIT), which owns, acquires and leases properties for use in the restaurant and food service related industries. The Company operates through two segments: real estate operations and restaurant operations.

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