$38.29 Million in Sales A nticipated for Four Corners Property Trust Inc (FCTarget Price) This Quarter

$38.29 Million in Sales A nticipated for Four Corners Property Trust Inc (FCTarget Price) This Quarter

Equities research analysts predict that Four Corners Property Trust Inc (NYSE:FCPT) will announce sales of $38.29 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Four Corners Property Trust’s earnings, with estimates ranging from $37.63 million to $38.94 million. Four Corners Property Trust reported sales of $33.84 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.2%. The company is scheduled to report its next earnings report on Tuesday, February 19th.

According to Zacks, analysts expect that Four Corners Property Trust will report full-year sales of $144.26 million for the current fiscal year, with estimates ranging from $143.23 million to $145.29 million. For the next financial year, analysts expect that the company will post sales of $161.55 million, with estimates ranging from $160.61 million to $162.49 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Four Corners Property Trust.

Four Corners Property Trust (NYSE:FCPT) last issued its earnings results on Monday, October 29th. The financial services provider reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.08). The firm had revenue of $36.12 million during the quarter, compared to analysts’ expectations of $36.38 million. Four Corners Property Trust had a net margin of 57.05% and a return on equity of 13.21%. Four Corners Property Trust’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 EPS.

Several equities research analysts have commented on the company. Zacks Investment Research upgraded Four Corners Property Trust from a “sell” rating to a “hold” rating in a research report on Friday, November 2nd. TheStreet upgraded Four Corners Property Trust from a “c” rating to a “b” rating in a research report on Monday, October 29th.

Four Corners Property Trust stock traded down $0.41 during mid-day trading on Wednesday, hitting $27.51. The company had a trading volume of 375,157 shares, compared to its average volume of 283,190. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.75. Four Corners Property Trust has a 12-month low of $21.28 and a 12-month high of $28.08. The firm has a market cap of $1.88 billion, a PE ratio of 20.23 and a beta of 0.08.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 14th. Shareholders of record on Friday, January 4th will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Thursday, January 3rd. This is a positive change from Four Corners Property Trust’s previous quarterly dividend of $0.28. Four Corners Property Trust’s dividend payout ratio is currently 80.88%.

In other Four Corners Property Trust news, CFO Gerald R. Morgan sold 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $27.03, for a total value of $91,902.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.34% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Four Corners Property Trust by 12.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,918 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 1,991 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Four Corners Property Trust by 7.3% during the 3rd quarter. Louisiana State Employees Retirement System now owns 29,500 shares of the financial services provider’s stock worth $758,000 after buying an additional 2,000 shares during the period. Rhumbline Advisers raised its stake in shares of Four Corners Property Trust by 1.5% during the 2nd quarter. Rhumbline Advisers now owns 159,602 shares of the financial services provider’s stock worth $3,931,000 after buying an additional 2,327 shares during the period. Texas Permanent School Fund raised its stake in shares of Four Corners Property Trust by 6.1% during the 3rd quarter. Texas Permanent School Fund now owns 42,056 shares of the financial services provider’s stock worth $1,080,000 after buying an additional 2,434 shares during the period. Finally, Aperio Group LLC raised its stake in shares of Four Corners Property Trust by 4.6% during the 3rd quarter. Aperio Group LLC now owns 55,321 shares of the financial services provider’s stock worth $1,421,000 after buying an additional 2,440 shares during the period. Institutional investors and hedge funds own 91.10% of the company’s stock.

About Four Corners Property Trust

FCPT is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and related food services industry.

Featured Story: What Is An Exchange-Traded Fund (ETF)?

Get a free copy of the Zacks research report on Four Corners Property Trust (FCPT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Related posts

Leave a Comment