Four Corners Property Trust (NYSE:FCPT - Get Free Report) is anticipated to post its quarterly earnings results after the market closes on Wednesday, February 12th. Analysts expect Four Corners Property Trust to post earnings of $0.28 per share and revenue of $66.83 million for the quarter. Parties interested in participating in the company's conference call can do so using this link.
Four Corners Property Trust Trading Down 0.3 %
Four Corners Property Trust stock traded down $0.09 during midday trading on Friday, reaching $27.92. The stock had a trading volume of 263,659 shares, compared to its average volume of 434,611. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.38. Four Corners Property Trust has a 52-week low of $22.38 and a 52-week high of $30.93. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 26.09 and a beta of 1.14. The company has a fifty day moving average of $27.75 and a 200 day moving average of $28.20.
Four Corners Property Trust Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.355 dividend. This is a positive change from Four Corners Property Trust's previous quarterly dividend of $0.35. This represents a $1.42 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date was Tuesday, December 31st. Four Corners Property Trust's dividend payout ratio is 132.71%.
Analyst Ratings Changes
FCPT has been the topic of a number of recent analyst reports. UBS Group initiated coverage on shares of Four Corners Property Trust in a research report on Thursday, November 14th. They issued a "buy" rating and a $33.00 price objective on the stock. Barclays reduced their price objective 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. Finally, JMP Securities reissued a "market perform" rating on shares of Four Corners Property Trust in a research report on Tuesday, December 10th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.40.
Check Out Our Latest Stock Analysis on Four Corners Property Trust
About Four Corners Property Trust
(
Get Free Report)
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.
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