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

Four Corners Property Trust (NYSE:FCPT) announced its quarterly 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 net margin of 37.27% and a return on equity of 7.68%.

Four Corners Property Trust Stock Down 0.5 %

NYSE:FCPT traded down $0.14 on Wednesday, hitting $27.81. The stock had a trading volume of 639,860 shares, compared to its average volume of 462,245. Four Corners Property Trust has a 1 year low of $22.38 and a 1 year high of $30.93. The firm’s fifty day simple moving average is $27.71 and its two-hundred day simple moving average is $28.23. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a market cap of $2.69 billion, a P/E ratio of 25.99 and a beta of 1.14.

Analyst Upgrades and Downgrades

FCPT has been the topic of a number of analyst reports. UBS Group began coverage on shares of Four Corners Property Trust in a report on Thursday, November 14th. They issued a “buy” rating and a $33.00 target price on the stock. Barclays lowered 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. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Four Corners Property Trust in a research report on Tuesday, December 10th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Four Corners Property Trust has a consensus 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.