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

Four Corners Property Trust (NYSE:FCPT) posted its quarterly earnings results on Wednesday. The financial services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate 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 $0.14 on Wednesday, reaching $27.81. The stock had a trading volume of 639,860 shares, compared to its average volume of 462,245. The business’s 50 day moving average is $27.71 and its two-hundred day moving average is $28.23. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38. Four Corners Property Trust has a 1 year low of $22.38 and a 1 year high of $30.93. The company has a market cap of $2.69 billion, a P/E ratio of 25.99 and a beta of 1.14.

Analysts Set New Price Targets

FCPT has been the topic of several recent research reports. JMP Securities reaffirmed a “market perform” rating on shares of Four Corners Property Trust in a report on Tuesday, December 10th. Barclays lowered their price target on shares of Four Corners Property Trust from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Finally, UBS Group initiated coverage on shares of Four Corners Property Trust in a report on Thursday, November 14th. They issued a “buy” rating and a $33.00 price objective for the company. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.40.

About Four Corners Property Trust

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.