BOJ keeps interest rates flat, but flags rate hikes on rising inflation, GDP
John S. Moody, a director at Four Corners Property Trust, Inc. (NYSE:FCPT), recently executed a significant stock transaction. On June 9, Moody sold 7,667 shares of common stock at an average price of $27.4226 per share. The stock, which currently trades at $27.80, has demonstrated strong fundamentals with a "GOOD" financial health rating according to InvestingPro analysis. The total value of this transaction amounted to $210,249. Following this sale, Moody retains ownership of 53,821 shares in the $2.79 billion market cap company, which boasts a healthy 5.11% dividend yield and has raised dividends for three consecutive years. The shares were sold in multiple transactions with prices ranging from $27.37 to $27.455. With a current ratio of 2.16, FCPT maintains strong liquidity, though analysis suggests the stock may be trading above its Fair Value. Discover more insights and 6 additional ProTips with an InvestingPro subscription.
In other recent news, Four Corners Property Trust reported its first-quarter earnings for 2025, which fell short of expectations. The company posted an earnings per share (EPS) of $0.26, missing the anticipated $0.28, while revenue reached $63.5 million, below the forecasted $66.31 million. Despite these misses, the company achieved a 9.1% increase in cash rental income year-over-year, maintaining a strong portfolio occupancy rate of 99.4%. Additionally, Four Corners Property Trust announced the appointment of Douglas B. Hansen as the new Chair of the Board. Hansen, who has been with the company since its inception, succeeds John S. Moody, who retired after a decade of service. The company continues to focus on expanding its portfolio through strategic acquisitions and maintaining low leverage to strengthen its market position. Analysts have not provided specific acquisition volume guidance, which leaves some investors seeking more clarity. The company’s strategic liquidity and disciplined acquisitions are highlighted as part of its approach to preparing for economic uncertainties.
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