Equities research analysts predict that Four Corners Property Trust Inc (NYSE:FCPT) will post sales of $39.86 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Four Corners Property Trust’s earnings, with estimates ranging from $39.49 million to $40.08 million. Four Corners Property Trust posted sales of $34.80 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.5%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, April 23rd.

On average, analysts expect that Four Corners Property Trust will report full year sales of $161.09 million for the current year, with estimates ranging from $156.16 million to $164.61 million. For the next year, analysts anticipate that the business will post sales of $176.41 million, with estimates ranging from $172.45 million to $180.37 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Four Corners Property Trust.

Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings data on Wednesday, February 13th. The financial services provider reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.05). The firm had revenue of $38.04 million during the quarter, compared to analyst estimates of $38.76 million. Four Corners Property Trust had a net margin of 57.37% and a return on equity of 13.25%. Four Corners Property Trust’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 EPS.

A number of research firms have recently issued reports on FCPT. ValuEngine upgraded shares of Four Corners Property Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. Zacks Investment Research downgraded shares of Four Corners Property Trust from a “hold” rating to a “strong sell” rating in a research report on Friday, January 4th. Finally, Boenning Scattergood set a $30.00 price target on shares of Four Corners Property Trust and gave the company a “buy” rating in a research report on Friday, February 15th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $29.00.

NYSE:FCPT traded up $0.49 during mid-day trading on Monday, reaching $28.18. The stock had a trading volume of 275,676 shares, compared to its average volume of 335,165. The company has a quick ratio of 6.24, a current ratio of 6.24 and a debt-to-equity ratio of 0.88. The company has a market cap of $1.93 billion, a P/E ratio of 19.99 and a beta of 0.34. Four Corners Property Trust has a twelve month low of $21.92 and a twelve month high of $29.85.

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.08%. Four Corners Property Trust’s payout ratio is 81.56%.

In related news, CFO Gerald R. Morgan sold 3,000 shares of Four Corners Property Trust stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $27.41, for a total transaction of $82,230.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel James L. Brat sold 6,000 shares of Four Corners Property Trust stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $27.41, for a total value of $164,460.00. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its stake in Four Corners Property Trust by 28.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 14,115 shares of the financial services provider’s stock worth $418,000 after acquiring an additional 3,150 shares during the period. Raymond James Trust N.A. purchased a new stake in Four Corners Property Trust in the 1st quarter worth approximately $206,000. Wambolt & Associates LLC grew its stake in Four Corners Property Trust by 18.5% in the 1st quarter. Wambolt & Associates LLC now owns 27,454 shares of the financial services provider’s stock worth $791,000 after acquiring an additional 4,283 shares during the period. State of Alaska Department of Revenue grew its stake in Four Corners Property Trust by 1.2% in the 1st quarter. State of Alaska Department of Revenue now owns 45,273 shares of the financial services provider’s stock worth $1,338,000 after acquiring an additional 524 shares during the period. Finally, Deutsche Bank AG grew its stake in Four Corners Property Trust by 22.6% in the 4th quarter. Deutsche Bank AG now owns 173,526 shares of the financial services provider’s stock worth $4,543,000 after acquiring an additional 31,947 shares during the period. Hedge funds and other institutional investors own 92.85% 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.

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