Four Corners Property Trust (NYSE:FCPT) Releases Quarterly Earnings Results, Misses Estimates By $0.12 EPS

Four Corners Property Trust (NYSE:FCPTGet 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

Large investors have recently made changes to their positions in the stock. Quantbot Technologies LP grew its stake in Four Corners Property Trust by 72.4% during the 1st quarter. Quantbot Technologies LP now owns 2,559 shares of the financial services provider’s stock worth $69,000 after buying an additional 1,075 shares during the last quarter. Williams Jones Wealth Management LLC. purchased a new position in Four Corners Property Trust during the 1st quarter worth $223,000. Bridgefront Capital LLC purchased a new position in Four Corners Property Trust during the 1st quarter worth $224,000. Penserra Capital Management LLC grew its stake in Four Corners Property Trust by 28.7% during the 1st quarter. Penserra Capital Management LLC now owns 10,340 shares of the financial services provider’s stock worth $279,000 after buying an additional 2,304 shares during the last quarter. Finally, Beacon Pointe Advisors LLC purchased a new stake in Four Corners Property Trust during the 1st quarter valued at about $312,000. 92.46% of the stock is owned by institutional investors.

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

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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.

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Earnings History for Four Corners Property Trust (NYSE:FCPT)

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