 |
 |
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Top Buys by Directors: Hansen's $250K Bet on FCPTBy Dividend Channel Staff, Thursday, September 21, 3:09 PM ET
The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $250K by Douglas B. Hansen, Director at Four Corners Property Trust Inc (NYSE:FCPT). Hansen bets big on FCPT:
Hansen's average cost works out to $26.53/share. In trading on Thursday, bargain hunters could buy shares of Four Corners Property Trust Inc (NYSE:FCPT) and achieve a cost basis lower than Hansen, with shares changing hands as low as $23.72 per share. It should be noted that Hansen has collected $0.34/share in dividends since the time of their purchase, so they are currently down 9.3% on their purchase from a total return basis. Shares of Four Corners Property Trust Inc were changing hands at $23.81 at last check, trading off about 1.7% on Thursday. The chart below shows the one year performance of FCPT shares, versus its 200 day moving average:
Looking at the chart above, FCPT's low point in its 52 week range is $22.6745 per share, with $29.30 as the 52 week high point — that compares with a last trade of $23.81. The current annualized dividend paid by Four Corners Property Trust Inc is $1.36/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 09/28/2023. Below is a long-term dividend history chart for FCPT, which can be of good help in judging whether the most recent dividend with approx. 5.6% annualized yield is likely to continue.
Free Report: Top 8%+ Dividends (paid monthly)
This Article's Word Cloud:
Arial
Below
Corners
Director
Douglas
FCPT
Four
Hansen
Insider
NYSE
Property
Shares
Thursday
Trust
annualized
average
basis
buys
changing
chart
company
cost
currently
directors
dividend
escape
fillColor
hands
last
make
maybe
mdash
most
paid
period
point
purchase
recent
share
shares
stock
take
that
their
they
total
trading
week
which
with
|
Play Video:
One Reason For Insiders to Buy
Free Email Alerts By Stock:
Start slideshow: