Four Corners Property Trust (NYSE:FCPT) Earns Daily Coverage Optimism Rating of 0.31
Media stories about Four Corners Property Trust (NYSE:FCPT) have been trending positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded 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 0.31 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Four Corners Property Trust, Inc. (NYSE:FCPT) Issues Quarterly Earnings Results (americanbankingnews.com)
- Four Corners Property Trust, Inc. breached its 50 day moving average in a Bearish Manner : FCPT-US : August 3, 2017 (finance.yahoo.com)
- Four Corners Property reports 2Q results (finance.yahoo.com)
- Four Corners Property Trust (FCPT) Misses Q2 FFO by 1c (streetinsider.com)
- FCPT Announces Second Quarter 2017 Earnings (finance.yahoo.com)
Shares of Four Corners Property Trust (NYSE FCPT) traded down 2.33% during midday trading on Thursday, reaching $24.29. 340,976 shares of the company’s stock traded hands. The stock’s 50 day moving average is $25.33 and its 200-day moving average is $23.27. Four Corners Property Trust has a 52 week low of $16.71 and a 52 week high of $25.94. The company has a market capitalization of $1.46 billion, a PE ratio of 18.98 and a beta of 0.15.
Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Four Corners Property Trust had a return on equity of 17.13% and a net margin of 62.08%. The company had revenue of $33.20 million during the quarter, compared to the consensus estimate of $33.33 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, analysts forecast that Four Corners Property Trust will post $1.03 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were issued a dividend of $0.2425 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.97 annualized dividend and a yield of 3.99%. Four Corners Property Trust’s dividend payout ratio is presently 74.62%.
Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Four Corners Property Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, June 22nd. Canaccord Genuity started coverage on shares of Four Corners Property Trust in a report on Tuesday, July 18th. They issued a “hold” rating and a $26.00 price target for the company. BidaskClub cut shares of Four Corners Property Trust from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Four Corners Property Trust in a research note on Thursday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $27.00.
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About Four Corners Property Trust
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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