Four Corners Property Trust Inc. (FCPT) receives an In-line rating from Evercore ISI

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Four Corners Property Trust Inc.’s filing revealed that its Director MOODY JOHN S unloaded Company’s shares for reported $0.19 million on Jun 15. In the deal valued at $26.25 per share,7,200 shares were sold. As a result of this transaction, MOODY JOHN S now holds 60,650 shares worth roughly $ 1.52 million.

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Then, HANSEN DOUGLAS B bought 9,425 shares, generating $250,045 in total proceeds. Upon buying the shares at $26.53, the Director now owns 54,376 shares.

Before that, Lenehan William H bought 7,600 shares. Four Corners Property Trust Inc. shares valued at $198,056 were divested by the President and CEO at a price of $26.06 per share. As a result of the transaction, Lenehan William H now holds 556,549 shares, worth roughly $13.97 million.

Evercore ISI downgraded its Four Corners Property Trust Inc. [FCPT] rating to an In-line from a an Outperform in a research note published on Friday. PT values the company’s stock at a premium of 10.32 to its Friday closing price.

Price Performance Review of FCPT

On Friday, Four Corners Property Trust Inc. [NYSE:FCPT] saw its stock fall -0.20% to $25.11. On the same session, the stock had its day’s lowest price of $25.01, but rose to a high of $25.36. Over the last five days, the stock has gained 1.58%. Four Corners Property Trust Inc. shares have fallen nearly -3.16% since the year began. Nevertheless, the stocks have fallen -6.50% over the past one year. While a 52-week high of $29.30 was reached on 02/02/23, a 52-week low of $22.67 was recorded on 08/21/23. SMA at 50 days reached $25.70, while 200 days put it at $26.50. A total of 0.22 million shares were traded, compared to the trading of 0.34 million shares in the previous session.

Levels Of Support And Resistance For FCPT Stock

The 24-hour chart illustrates a support level at 24.96, which if violated will result in even more drops to 24.81. On the upside, there is a resistance level at 25.31. A further resistance level may holdings at 25.51. The Relative Strength Index (RSI) on the 14-day chart is 45.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.84%. Stochastics %K at 55.32% indicates the stock is a holding.

How much short interest is there in Four Corners Property Trust Inc.?

A steep rise in short interest was recorded in Four Corners Property Trust Inc. stocks on Aug 14, 2023, growing by 0.58 million shares to a total of 2.72 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.14 million shares. There was a rise of 21.32%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.24% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.86.

Four Corners Property Trust Inc. [FCPT] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 13,888,744 shares, or roughly 15.96% of the outstanding FCPT shares. In other words, the investor’s shares have risen by 513,413 from its previous 13-F filing of 13375331.0. Additionally, The Vanguard Group, Inc. decreased -0.40% of its stake after which the total value it holdings stand at $260,115,337, while SSgA Funds Management, Inc. added 3.23% of its stake to hold $141.16 million in the firm. Over the last quarter, Victory Capital Management, Inc. purchased 94,295 shares of Four Corners Property Trust Inc., while Fidelity Management & Research Co bought 270,588 shares. At present, FIAM LLC is holding 4,113,178 shares valued at $108.18 million. American Century Investment Manag owned 2,379,412 shares of the company at the time of its most recent 13F filing, worth $62.58 million.

According to FactSet, Four Corners Property Trust Inc.’s share price will average $28.20 in the next year, based on opinions of analysts polled by the firm. This is up nearly 11.29 percent from its previous closing price of $25.16. Analysts expect Four Corners Property Trust Inc. stock to reach the higher price of $29.00, while the lowest price estimate is $27.00. However, 5 analysts have rated FCPT stock as a Hold in their predictions for 2023.


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