Four Corners Property Trust (NYSE:FCPT) Releases Earnings Results

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

Four Corners Property Trust Price Performance

FCPT traded down $0.24 on Thursday, reaching $27.51. The company had a trading volume of 10,104 shares, compared to its average volume of 446,604. Four Corners Property Trust has a one year low of $22.38 and a one year high of $30.93. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $2.66 billion, a P/E ratio of 25.88 and a beta of 1.14. The company has a fifty day moving average of $27.69 and a 200-day moving average of $28.22.

Analyst Ratings Changes

A number of brokerages have weighed in on FCPT. JMP Securities reissued a “market perform” rating on shares of Four Corners Property Trust in a report on Tuesday, December 10th. UBS Group assumed coverage on shares of Four Corners Property Trust in a report on Thursday, November 14th. They set a “buy” rating and a $33.00 target price on the stock. Finally, Barclays lowered their price target on shares of Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.