Four Corners Property Trust (NYSE:FCPT) released its quarterly earnings results on Tuesday. The financial services provider reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.10), Fidelity Earnings reports. The firm had revenue of $39.57 million for the quarter, compared to analyst estimates of $40.64 million. Four Corners Property Trust had a return on equity of 12.63% and a net margin of 56.35%. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 earnings per share.
Four Corners Property Trust stock traded up $0.01 during mid-day trading on Wednesday, reaching $26.94. 882,400 shares of the company were exchanged, compared to its average volume of 390,821. The firm’s fifty day simple moving average is $27.67. Four Corners Property Trust has a 12 month low of $24.58 and a 12 month high of $29.85. The company has a current ratio of 5.78, a quick ratio of 5.78 and a debt-to-equity ratio of 0.89. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 19.11 and a beta of 0.18.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.287 per share. The ex-dividend date was Thursday, June 27th. This represents a $1.15 dividend on an annualized basis and a yield of 4.26%. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 81.56%.
About Four Corners Property Trust
FCPT is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio primarily by acquiring additional real estate to lease, on a net basis, for use in the restaurant and food industry.
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