Brokerages expect Four Corners Property Trust, Inc. (NYSE:FCPT) to announce $33.73 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Four Corners Property Trust’s earnings. The lowest sales estimate is $33.53 million and the highest is $33.93 million. Four Corners Property Trust reported sales of $30.82 million in the same quarter last year, which indicates a positive year-over-year growth rate of 9.4%. The firm is scheduled to announce its next earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that Four Corners Property Trust will report full-year sales of $33.73 million for the current financial year, with estimates ranging from $133.96 million to $134.23 million. For the next fiscal year, analysts forecast that the business will post sales of $145.12 million per share, with estimates ranging from $141.30 million to $148.94 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Four Corners Property Trust.
Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.01). Four Corners Property Trust had a net margin of 63.74% and a return on equity of 17.21%. The company had revenue of $33.20 million for the quarter, compared to the consensus estimate of $33.33 million. During the same quarter in the prior year, the company earned $0.33 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. WINTON GROUP Ltd lifted its holdings in Four Corners Property Trust by 46.1% in the 2nd quarter. WINTON GROUP Ltd now owns 66,009 shares of the financial services provider’s stock worth $1,657,000 after purchasing an additional 20,828 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in Four Corners Property Trust in the 2nd quarter worth approximately $326,000. Raymond James Financial Services Advisors Inc. lifted its holdings in Four Corners Property Trust by 24.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 26,838 shares of the financial services provider’s stock worth $674,000 after purchasing an additional 5,320 shares in the last quarter. State Street Corp lifted its holdings in Four Corners Property Trust by 6.7% in the 2nd quarter. State Street Corp now owns 1,745,481 shares of the financial services provider’s stock worth $43,831,000 after purchasing an additional 109,180 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Four Corners Property Trust by 1.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 322,043 shares of the financial services provider’s stock worth $8,086,000 after purchasing an additional 4,085 shares in the last quarter. 87.80% of the stock is currently owned by institutional investors.
Shares of Four Corners Property Trust (FCPT) opened at 25.36 on Wednesday. Four Corners Property Trust has a 12 month low of $16.71 and a 12 month high of $25.94. The company has a market capitalization of $1.55 billion, a PE ratio of 18.72 and a beta of 0.13. The stock’s 50 day moving average price is $25.24 and its 200 day moving average price is $24.51.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a $0.243 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.97 dividend on an annualized basis and a yield of 3.83%. Four Corners Property Trust’s dividend payout ratio is presently 71.85%.
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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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