Equities analysts expect Four Corners Property Trust Inc (NYSE:FCPT) to post $34.76 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Four Corners Property Trust’s earnings, with the lowest sales estimate coming in at $34.73 million and the highest estimate coming in at $34.78 million. Four Corners Property Trust posted sales of $32.71 million in the same quarter last year, which suggests a positive year over year growth rate of 6.3%. The company is scheduled to report its next quarterly earnings report on Wednesday, May 2nd.
On average, analysts expect that Four Corners Property Trust will report full year sales of $34.76 million for the current financial year, with estimates ranging from $141.25 million to $143.12 million. For the next fiscal year, analysts expect that the firm will report sales of $151.24 million per share, with estimates ranging from $148.48 million to $154.01 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Four Corners Property Trust.
Four Corners Property Trust (NYSE:FCPT) last announced its earnings results on Tuesday, February 20th. The financial services provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.10). The company had revenue of $33.84 million for the quarter, compared to analysts’ expectations of $34.16 million. Four Corners Property Trust had a net margin of 53.59% and a return on equity of 13.49%.
A number of equities research analysts have recently issued reports on the stock. Ladenburg Thalmann reissued a “buy” rating and set a $26.00 price objective (down previously from $28.00) on shares of Four Corners Property Trust in a research report on Friday, February 23rd. Zacks Investment Research downgraded shares of Four Corners Property Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.75.
FCPT traded up $0.08 during mid-day trading on Friday, reaching $23.03. 96,560 shares of the company traded hands, compared to its average volume of 316,665. The firm has a market cap of $1,408.97, a PE ratio of 16.88 and a beta of -0.01. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.99. Four Corners Property Trust has a 52-week low of $21.28 and a 52-week high of $26.96.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend is Wednesday, March 28th. Four Corners Property Trust’s payout ratio is 80.88%.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in Four Corners Property Trust by 3.2% in the 4th quarter. BlackRock Inc. now owns 9,536,390 shares of the financial services provider’s stock worth $245,083,000 after buying an additional 292,699 shares during the period. Cohen & Steers Inc. boosted its holdings in Four Corners Property Trust by 14.1% in the 3rd quarter. Cohen & Steers Inc. now owns 4,104,733 shares of the financial services provider’s stock worth $102,290,000 after buying an additional 506,185 shares during the period. Teachers Advisors LLC boosted its holdings in Four Corners Property Trust by 1.8% in the 4th quarter. Teachers Advisors LLC now owns 1,219,895 shares of the financial services provider’s stock worth $31,351,000 after buying an additional 20,982 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Four Corners Property Trust by 4.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 810,342 shares of the financial services provider’s stock worth $20,194,000 after buying an additional 32,032 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in Four Corners Property Trust by 6.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 758,284 shares of the financial services provider’s stock worth $18,896,000 after buying an additional 43,379 shares during the period. 88.00% of the stock is owned by hedge funds and other institutional investors.
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Four Corners Property Trust Company Profile
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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