Analysts expect that Four Corners Property Trust, Inc. (NYSE:FCPT) will report earnings per share (EPS) of $0.35 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Four Corners Property Trust’s earnings, with estimates ranging from $0.34 to $0.35. Four Corners Property Trust reported earnings per share of $0.31 in the same quarter last year, which would suggest a positive year over year growth rate of 12.9%. The business is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, February 20th.
On average, analysts expect that Four Corners Property Trust will report full year earnings of $1.36 per share for the current financial year, with EPS estimates ranging from $1.35 to $1.37. For the next fiscal year, analysts anticipate that the business will report earnings of $1.46 per share, with EPS estimates ranging from $1.45 to $1.47. Zacks’ earnings per share averages are an average based on a survey of analysts that follow Four Corners Property Trust.
Four Corners Property Trust (NYSE:FCPT) last announced its earnings results on Thursday, November 2nd. The financial services provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.03). Four Corners Property Trust had a return on equity of 17.37% and a net margin of 65.46%.
Several analysts have recently commented on the company. Zacks Investment Research cut Four Corners Property Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. BidaskClub upgraded Four Corners Property Trust from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Finally, Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Four Corners Property Trust in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Four Corners Property Trust presently has an average rating of “Hold” and a consensus price target of $27.25.
Shares of Four Corners Property Trust (NYSE FCPT) traded down $0.01 during mid-day trading on Friday, hitting $23.45. The stock had a trading volume of 130,003 shares, compared to its average volume of 235,285. The company has a market capitalization of $1,446.68, a PE ratio of 16.70 and a beta of 0.13. Four Corners Property Trust has a 12 month low of $20.82 and a 12 month high of $26.96.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend was Thursday, December 28th. This is a boost from Four Corners Property Trust’s previous quarterly dividend of $0.24. Four Corners Property Trust’s dividend payout ratio is presently 78.01%.
Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in Four Corners Property Trust in the second quarter valued at about $106,000. Trust Department MB Financial Bank N A bought a new position in Four Corners Property Trust in the fourth quarter valued at about $112,000. Pinebridge Investments L.P. boosted its holdings in Four Corners Property Trust by 1.2% in the second quarter. Pinebridge Investments L.P. now owns 7,908 shares of the financial services provider’s stock valued at $198,000 after acquiring an additional 97 shares during the last quarter. Quantbot Technologies LP bought a new position in Four Corners Property Trust in the third quarter valued at about $199,000. Finally, Schroder Investment Management Group bought a new position in Four Corners Property Trust in the third quarter valued at about $201,000. Institutional investors and hedge funds own 86.42% of the company’s stock.
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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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