Zacks: Analysts Expect Four Corners Property Trust Inc (NYSE:FCPT) Will Post Quarterly Sales of $41.39 Million

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Equities analysts predict that Four Corners Property Trust Inc (NYSE:FCPT) will announce sales of $41.39 million for the current fiscal quarter, according to Zacks. Three analysts have made 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 indicates a positive year over year growth rate of 8.8%. The business is expected to report its next earnings results on Wednesday, February 12th.

According to Zacks, 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 fiscal year, analysts expect that the firm will report sales of $175.75 million, with estimates ranging from $174.10 million to $176.96 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Four Corners Property Trust.

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

A number of analysts have commented on FCPT shares. 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 lowered 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 lowered 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 given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $31.40.

Hedge funds have recently made changes to their positions in the company. Pictet Asset Management Ltd. grew its holdings in shares of Four Corners Property Trust by 13.5% in the 2nd quarter. Pictet Asset Management Ltd. now owns 12,600 shares of the financial services provider’s stock valued at $344,000 after buying an additional 1,500 shares during the period. SG Americas Securities LLC grew its holdings in shares of Four Corners Property Trust by 45.8% in the 2nd quarter. SG Americas Securities LLC now owns 21,333 shares of the financial services provider’s stock valued at $583,000 after buying an additional 6,701 shares during the period. Arizona State Retirement System grew its holdings in shares of Four Corners Property Trust by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 106,106 shares of the financial services provider’s stock valued at $2,900,000 after buying an additional 668 shares during the period. Quantitative Systematic Strategies LLC acquired a new position in shares of Four Corners Property Trust in the 2nd quarter valued at $234,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Four Corners Property Trust in the 2nd quarter valued at $780,000. 91.70% of the stock is owned by institutional investors.

FCPT traded down $0.11 during trading on Thursday, reaching $27.11. 321,526 shares of the company’s stock were exchanged, compared to its average volume of 368,401. The company’s fifty day moving average price is $28.34 and its 200-day moving average price is $28.18. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.41 and a current ratio of 3.41. Four Corners Property Trust has a fifty-two week low of $24.97 and a fifty-two week high of $29.85. The firm has a market capitalization of $1.89 billion, a PE ratio of 19.23 and a beta of 0.15.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were issued a $0.2875 dividend. This is a positive change from Four Corners Property Trust’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.15 annualized dividend and a dividend yield of 4.24%. Four Corners Property Trust’s payout ratio is 81.56%.

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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