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Four Corners Property Trust Inc (FCPT) receives a Buy rating from UBS

Four Corners Property Trust Inc’s recent filing unveils that its Director MOODY JOHN S unloaded Company’s shares for reported $0.18 million on Jun 12 ’24. In the deal valued at $24.56 per share,7,230 shares were sold. As a result of this transaction, MOODY JOHN S now holds 61,108 shares worth roughly $1.78 million.

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Then, Lenehan William H bought 6,230 shares, generating $149,832 in total proceeds. Upon buying the shares at $24.05, the President and CEO now owns 620,394 shares.

UBS initiated its Four Corners Property Trust Inc [FCPT] rating to a Buy in a research note published on November 14, 2024; the price target was $33. A number of analysts have revised their coverage, including JMP Securities’s analysts, who began to cover the stock in early July with a ‘”a Mkt perform”‘ rating. Wells Fargo began covering FCPT with “an Overweight” recommendation on September 21, 2023. Evercore ISI revised its rating on November 21, 2022. It rated FCPT as “an In-line” which previously was an “an Outperform”.

Price Performance Review of FCPT

On Tuesday, Four Corners Property Trust Inc [NYSE:FCPT] saw its stock jump 1.18% to $29.10. Over the last five days, the stock has gained 4.19%. Four Corners Property Trust Inc shares have risen nearly 15.02% since the year began. Nevertheless, the stocks have risen 28.70% over the past one year. While a 52-week high of $30.93 was reached on 09/18/24, a 52-week low of $22.38 was recorded on 04/17/24. SMA at 50 days reached $28.91, while 200 days put it at $25.98.

Levels Of Support And Resistance For FCPT Stock

The 24-hour chart illustrates a support level at 28.75, which if violated will result in even more drops to 28.39. On the upside, there is a resistance level at 29.29. A further resistance level may holdings at 29.48. The Relative Strength Index (RSI) on the 14-day chart is 61.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.51%. Stochastics %K at 81.22% indicates the stock is a selling.

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 2024-10-31, dropping by -0.28 million shares to a total of 2.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.05 million shares. There was a decline of -10.2%, which implies that there is a negative sentiment for the stock.

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