Four Corners Property Trust (NYSE:FCPT) Announces Earnings Results, Beats Estimates By $0.16 EPS

Four Corners Property Trust (NYSE:FCPT) announced its earnings results on Wednesday. The financial services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.16, Zacks reports. Four Corners Property Trust had a return on equity of 7.68% and a net margin of 37.27%.

Four Corners Property Trust Price Performance

Shares of Four Corners Property Trust stock traded down $0.33 during trading on Friday, reaching $28.08. The company’s stock had a trading volume of 67,207 shares, compared to its average volume of 453,705. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.38. Four Corners Property Trust has a 12-month low of $22.38 and a 12-month high of $30.93. The company has a market capitalization of $2.72 billion, a P/E ratio of 26.25 and a beta of 1.14. The business has a 50 day moving average price of $27.69 and a 200-day moving average price of $28.22.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FCPT. Barclays decreased their price objective on Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. JMP Securities reaffirmed a “market perform” rating on shares of Four Corners Property Trust in a research report on Thursday. Finally, UBS Group began coverage on Four Corners Property Trust in a research report on Thursday, November 14th. They set a “buy” rating and a $33.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Four Corners Property Trust has an average rating of “Moderate Buy” and an average target price of $30.40.

Four Corners Property Trust Company Profile

Four Corners Property Trust, Inc engages in the owning, acquisition, and leasing of properties for use in the restaurant and food-service related industries. It operates through the Real Estate Operations and Restaurant Operations segments. The Real Estate Operations segment consists of rental revenues generated by leasing restaurant properties.