Analysts Expect Four Corners Property Trust, Inc. (FCPT) Will Announce Quarterly Sales of $33.24 Million

Wall Street brokerages predict that Four Corners Property Trust, Inc. (NYSE:FCPT) will announce sales of $33.24 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 $33.22 million to $33.26 million. Four Corners Property Trust posted sales of $30.91 million in the same quarter last year, which indicates a positive year over year growth rate of 7.5%. The business is scheduled to report its next quarterly earnings results after the market closes on Wednesday, August 2nd.

On average, analysts expect that Four Corners Property Trust will report full-year sales of $33.24 million for the current financial year, with estimates ranging from $133.74 million to $134.19 million. For the next fiscal year, analysts expect that the company will report sales of $144.78 million per share, with estimates ranging from $142.46 million to $147.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Four Corners Property Trust.

Several equities research analysts have recently issued reports on the company. BidaskClub lowered Four Corners Property Trust from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised Four Corners Property Trust from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Wednesday, July 12th. Finally, Canaccord Genuity assumed coverage on Four Corners Property Trust in a research note on Tuesday, July 18th. They issued a “hold” rating and a $26.00 price objective for the company.

Several large investors have recently modified their holdings of FCPT. Meadow Creek Investment Management LLC increased its stake in shares of Four Corners Property Trust by 33.9% in the first quarter. Meadow Creek Investment Management LLC now owns 4,424 shares of the financial services provider’s stock valued at $101,000 after buying an additional 1,120 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Four Corners Property Trust during the first quarter valued at $119,000. Glen Harbor Capital Management LLC increased its stake in shares of Four Corners Property Trust by 33.9% in the first quarter. Glen Harbor Capital Management LLC now owns 5,372 shares of the financial services provider’s stock valued at $123,000 after buying an additional 1,360 shares during the last quarter. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Four Corners Property Trust during the first quarter valued at $124,000. Finally, Creative Planning increased its stake in shares of Four Corners Property Trust by 3.9% in the first quarter. Creative Planning now owns 6,782 shares of the financial services provider’s stock valued at $155,000 after buying an additional 252 shares during the last quarter. Hedge funds and other institutional investors own 87.86% of the company’s stock.

Four Corners Property Trust (NYSE FCPT) traded down 0.24% during trading on Friday, hitting $25.32. The stock had a trading volume of 281,774 shares. Four Corners Property Trust has a 12 month low of $16.71 and a 12 month high of $25.94. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 19.78 and a beta of 0.18. The stock has a 50 day moving average price of $25.34 and a 200-day moving average price of $23.24.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued a $0.2425 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.97 annualized dividend and a dividend yield of 3.83%. Four Corners Property Trust’s payout ratio is 74.62%.

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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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