Four Corners Property Trust Inc(NYSE:FCPT) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $31.267M. Analysts estimated a revenue of $29.090M. The revenues were 7.48% above the estimates. Earnings per share were $0.31. The reported EPS was above estimates by 24%. Analysts had estimated an EPS of $0.25.
Four Corners Property Trust Inc (FCPT) shares turned negative on Wednesdays trading session with the shares closing down -0.06 points or -0.27% at a volume of 1,79,846. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $22.09. The peak price level was also seen at $22.09 while the days lowest was $21.74. Finally the shares closed at $21.99. The 52-week high of the shares is $22.32 while the 52-week low is $15.42. According to the latest information available, the market cap of the company is $1,317 M.
Several Insider Transactions has been reported to the SEC. On May 27, 2016, Paul E. Szurek (director) purchased 1,202 shares at $19.42 per share price.Also, On Nov 13, 2015, Douglas B Hansen (director) purchased 3,000 shares at $20.40 per share price.On Nov 12, 2015, Marran H. Ogilvie (director) purchased 4,400 shares at $20.55 per share price, according to the Form-4 filing with the securities and exchange commission.
Four Corners Property Trust Inc. is engaged in owning acquiring and leasing properties on a triple-net basis for use in the restaurant industry and other industries. The Company owns approximately 424 restaurant properties. The Company’s properties are located across approximately 44 states in the United States. The Company’s portfolio includes around 300 Olive Garden restaurants 104 LongHorn Steakhouse restaurants 11 Bahama Breeze restaurants two Seasons 52 restaurants one Wildfish Seafood Grille restaurant as well as the six properties that consist of the LongHorn San Antonio Business. The Company acquires properties to lease to restaurant operators on a triple-net basis through sale-leaseback transactions. The Company operates as a dining company. The Company operates around 40 restaurants in the west 41 in the northeast 161 in the southeast 115 in the Midwest and 61 in the south in the United States.