$41.39 Million in Sales Expected for Four Corners Property Trust Inc (NYSE:FCPT) This Quarter

Equities analysts expect Four Corners Property Trust Inc (NYSE:FCPT) to report sales of $41.39 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Four Corners Property Trust’s earnings, with estimates ranging from $40.61 million to $42.68 million. Four Corners Property Trust reported sales of $38.04 million in the same quarter last year, which would suggest a positive year over year growth rate of 8.8%. The company is expected to issue its next earnings report on Wednesday, February 12th.

On average, analysts expect that Four Corners Property Trust will report full-year sales of $161.05 million for the current fiscal year, with estimates ranging from $159.96 million to $162.95 million. For the next financial year, analysts forecast that the firm will report sales of $174.59 million, with estimates ranging from $172.70 million to $176.96 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Four Corners Property Trust.

Four Corners Property Trust (NYSE:FCPT) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.06). The company had revenue of $40.18 million during the quarter, compared to analyst estimates of $40.49 million. Four Corners Property Trust had a net margin of 47.59% and a return on equity of 10.90%.

Several research firms recently issued reports on FCPT. Berenberg Bank raised shares of Four Corners Property Trust from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. ValuEngine cut shares of Four Corners Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Finally, Zacks Investment Research cut shares of Four Corners Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $31.40.

FCPT opened at $27.47 on Thursday. The stock has a market capitalization of $1.96 billion, a PE ratio of 19.48 and a beta of 0.15. The firm’s fifty day moving average price is $28.40 and its 200 day moving average price is $28.19. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.41 and a quick ratio of 3.41. Four Corners Property Trust has a 12-month low of $24.97 and a 12-month high of $29.85.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.19%. This is a boost from Four Corners Property Trust’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, September 26th. Four Corners Property Trust’s dividend payout ratio is 81.56%.

Several large investors have recently modified their holdings of FCPT. Invesco Ltd. raised its holdings in shares of Four Corners Property Trust by 219.4% during the second quarter. Invesco Ltd. now owns 3,727,161 shares of the financial services provider’s stock worth $101,864,000 after purchasing an additional 2,560,414 shares during the period. Nuveen Asset Management LLC raised its holdings in shares of Four Corners Property Trust by 171.7% during the second quarter. Nuveen Asset Management LLC now owns 2,359,375 shares of the financial services provider’s stock worth $64,482,000 after purchasing an additional 1,490,954 shares during the period. Balyasny Asset Management LLC raised its holdings in shares of Four Corners Property Trust by 332.0% during the second quarter. Balyasny Asset Management LLC now owns 629,130 shares of the financial services provider’s stock worth $17,194,000 after purchasing an additional 483,495 shares during the period. Echo Street Capital Management LLC acquired a new stake in shares of Four Corners Property Trust during the second quarter worth $12,096,000. Finally, Vanguard Group Inc. raised its holdings in shares of Four Corners Property Trust by 3.6% during the second quarter. Vanguard Group Inc. now owns 8,053,856 shares of the financial services provider’s stock worth $220,112,000 after purchasing an additional 277,500 shares during the period. 91.70% of the stock is currently owned by institutional investors.

Four Corners Property Trust Company Profile

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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