Four Corners Property Trust (NYSE:FCPT – Get Rating) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.12), Fidelity Earnings reports. Four Corners Property Trust had a net margin of 44.68% and a return on equity of 10.15%. During the same period in the previous year, the firm posted $0.38 EPS.
Four Corners Property Trust Trading Up 0.0 %
Shares of NYSE FCPT opened at $28.67 on Thursday. The firm has a market cap of $2.30 billion, a PE ratio of 23.69 and a beta of 0.84. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.99. Four Corners Property Trust has a twelve month low of $24.24 and a twelve month high of $30.13. The business has a fifty day simple moving average of $27.04 and a two-hundred day simple moving average of $27.07.
Four Corners Property Trust Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were given a dividend of $0.3325 per share. This represents a $1.33 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend was Wednesday, June 29th. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 109.92%.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on FCPT. Credit Suisse Group began coverage on Four Corners Property Trust in a report on Wednesday, June 22nd. They issued a “neutral” rating and a $26.00 target price for the company. StockNews.com initiated coverage on Four Corners Property Trust in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, Raymond James raised their price target on Four Corners Property Trust from $32.00 to $33.00 and gave the stock an “outperform” rating in a research note on Friday, July 8th.
About Four Corners Property Trust
FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries.
- Get a free copy of the StockNews.com research report on Four Corners Property Trust (FCPT)
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