Four Corners Property Trust (NYSE:FCPT) Releases Earnings Results, Misses Estimates By $0.14 EPS

Four Corners Property Trust (NYSE:FCPT) issued its earnings results on Wednesday. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.14), Zacks reports. Four Corners Property Trust had a return on equity of 7.72% and a net margin of 37.01%. The firm had revenue of $66.48 million during the quarter, compared to the consensus estimate of $63.70 million. During the same quarter in the prior year, the business earned $0.42 earnings per share. Four Corners Property Trust’s revenue for the quarter was up 9.5% on a year-over-year basis.

Four Corners Property Trust Stock Performance

FCPT stock traded up $0.17 during trading on Friday, reaching $27.43. The stock had a trading volume of 801,400 shares, compared to its average volume of 483,718. Four Corners Property Trust has a 52 week low of $20.51 and a 52 week high of $27.71. The stock’s 50 day moving average is $25.29 and its two-hundred day moving average is $24.38. The company has a current ratio of 0.13, a quick ratio of 0.14 and a debt-to-equity ratio of 0.43. The firm has a market cap of $2.52 billion, a PE ratio of 25.64 and a beta of 1.08.

Four Corners Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date was Friday, June 28th. Four Corners Property Trust’s payout ratio is currently 128.97%.

Analysts Set New Price Targets

Separately, JMP Securities started coverage on Four Corners Property Trust in a research note on Monday, July 8th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.33.

Insider Transactions at Four Corners Property Trust

In other Four Corners Property Trust news, Director John S. Moody sold 7,230 shares of Four Corners Property Trust stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $24.56, for a total value of $177,568.80. Following the sale, the director now owns 61,108 shares of the company’s stock, valued at approximately $1,500,812.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO William H. Lenehan acquired 6,230 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were acquired at an average cost of $24.05 per share, with a total value of $149,831.50. Following the completion of the acquisition, the chief executive officer now owns 620,394 shares of the company’s stock, valued at $14,920,475.70. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John S. Moody sold 7,230 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $24.56, for a total value of $177,568.80. Following the completion of the sale, the director now owns 61,108 shares in the company, valued at approximately $1,500,812.48. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Four Corners Property Trust Company Profile

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.