Four Corners Property Trust (FCPT) to Release Earnings on Wednesday

Four Corners Property Trust (NYSE:FCPT) is scheduled to be releasing its earnings data after the market closes on Wednesday, October 30th. Analysts expect Four Corners Property Trust to post earnings of $0.41 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.14). The firm had revenue of $66.48 million during the quarter, compared to analyst estimates of $63.70 million. Four Corners Property Trust had a net margin of 37.01% and a return on equity of 7.72%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 earnings per share. On average, analysts expect Four Corners Property Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Four Corners Property Trust Stock Down 2.9 %

Shares of FCPT opened at $28.24 on Monday. The company’s 50-day simple moving average is $28.95 and its 200-day simple moving average is $26.39. The stock has a market capitalization of $2.62 billion, a PE ratio of 26.39 and a beta of 1.10. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.13 and a current ratio of 0.13. Four Corners Property Trust has a 1 year low of $20.51 and a 1 year high of $30.93.

Four Corners Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.345 per share. The ex-dividend date was Monday, September 30th. This represents a $1.38 annualized dividend and a dividend yield of 4.89%. Four Corners Property Trust’s dividend payout ratio (DPR) is currently 128.97%.

Analysts Set New Price Targets

A number of analysts have weighed in on FCPT shares. Wells Fargo & Company reaffirmed an “overweight” rating and set a $32.00 price objective (up from $28.00) on shares of Four Corners Property Trust in a research report on Tuesday, October 1st. JMP Securities restated a “market perform” rating on shares of Four Corners Property Trust in a research note on Wednesday, August 28th. Evercore ISI increased their price objective on Four Corners Property Trust from $26.00 to $28.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. Finally, Raymond James upped their price target on Four Corners Property Trust from $27.00 to $29.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st.

About Four Corners Property Trust

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail 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.