Four Corners Property Trust (FCPT) Earning Somewhat Positive News Coverage, Analysis Finds
News coverage about Four Corners Property Trust (NYSE:FCPT) has trended somewhat positive recently, Accern reports. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Four Corners Property Trust earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.1170566351411 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Four Corners Property Trust (NYSE FCPT) traded down 0.62% during midday trading on Friday, hitting $23.90. 409,985 shares of the stock traded hands. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 17.64 and a beta of 0.15. The stock has a 50-day moving average of $25.05 and a 200-day moving average of $23.41. Four Corners Property Trust has a 52-week low of $16.71 and a 52-week high of $25.94.
Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $33.20 million during the quarter, compared to analyst estimates of $33.33 million. Four Corners Property Trust had a net margin of 63.74% and a return on equity of 17.21%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. On average, equities analysts predict that Four Corners Property Trust will post $1.03 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were issued a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend was Wednesday, June 28th. Four Corners Property Trust’s dividend payout ratio (DPR) is currently 71.85%.
Several equities research analysts have recently weighed in on the stock. BidaskClub cut shares of Four Corners Property Trust from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Four Corners Property Trust in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of Four Corners Property Trust from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Wednesday, July 12th. Finally, Canaccord Genuity assumed coverage on shares of Four Corners Property Trust in a research report on Tuesday, July 18th. They issued a “hold” rating and a $26.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $27.00.
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Four Corners Property Trust Company Profile
Four Corners Property Trust, Inc is a self-administered company and real estate investment trust (REIT), which owns, acquires and leases properties for use in the restaurant and food service related industries. The Company operates through two segments: real estate operations and restaurant operations.
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