Four Corners Property Trust (NYSE:FCPT - Get Free Report) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.44 earnings per share for the quarter, beating 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 FCPT stock traded down $0.62 during trading hours on Friday, reaching $27.79. The company had a trading volume of 492,654 shares, compared to its average volume of 434,611. 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 fifty day moving average of $27.64 and a 200-day moving average of $28.24. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 25.97 and a beta of 1.14. Four Corners Property Trust has a 12-month low of $22.38 and a 12-month high of $30.93.
Analyst Ratings Changes
FCPT has been the topic of several research analyst reports. JMP Securities reiterated a "market perform" rating on shares of Four Corners Property Trust in a report on Thursday. Barclays lowered their price objective on Four Corners Property Trust from $31.00 to $30.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 4th. Finally, UBS Group initiated coverage on Four Corners Property Trust in a report on Thursday, November 14th. They issued a "buy" rating and a $33.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Four Corners Property Trust presently has a consensus rating of "Moderate Buy" and an average target price of $30.40.
View Our Latest Analysis on FCPT
About Four Corners Property Trust
(
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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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