Analysts Anticipate Four Corners Property Trust Inc (NYSE:FCPT) to Post $0.35 Earnings Per Share

Brokerages forecast that Four Corners Property Trust Inc (NYSE:FCPT) will report earnings per share of $0.35 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Four Corners Property Trust’s earnings. Four Corners Property Trust posted earnings of $0.36 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.8%. The business is scheduled to announce its next earnings results on Wednesday, February 12th.

On average, analysts expect that Four Corners Property Trust will report full year earnings of $1.37 per share for the current fiscal year, with EPS estimates ranging from $1.36 to $1.38. For the next fiscal year, analysts forecast that the business will post earnings of $1.48 per share, with EPS estimates ranging from $1.47 to $1.49. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Four Corners Property Trust.

Four Corners Property Trust (NYSE:FCPT) last released its earnings results on Tuesday, October 29th. The financial services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.06). Four Corners Property Trust had a return on equity of 10.90% and a net margin of 47.59%. The company had revenue of $40.18 million during the quarter, compared to analysts’ expectations of $40.49 million.

Separately, Zacks Investment Research raised shares of Four Corners Property Trust from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Three equities research analysts have 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 $31.40.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Voloridge Investment Management LLC purchased a new stake in shares of Four Corners Property Trust during the third quarter valued at $807,000. California State Teachers Retirement System lifted its stake in Four Corners Property Trust by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 106,761 shares of the financial services provider’s stock valued at $3,019,000 after acquiring an additional 1,275 shares during the period. Pictet Asset Management Ltd. boosted its holdings in shares of Four Corners Property Trust by 15.1% during the 3rd quarter. Pictet Asset Management Ltd. now owns 14,500 shares of the financial services provider’s stock valued at $410,000 after acquiring an additional 1,900 shares during the last quarter. Stifel Financial Corp purchased a new stake in shares of Four Corners Property Trust during the 3rd quarter valued at about $7,319,000. Finally, Altavista Wealth Management Inc. boosted its holdings in shares of Four Corners Property Trust by 9.5% during the 3rd quarter. Altavista Wealth Management Inc. now owns 12,957 shares of the financial services provider’s stock valued at $366,000 after acquiring an additional 1,120 shares during the last quarter. Institutional investors own 90.48% of the company’s stock.

Shares of FCPT traded down $0.08 during trading hours on Thursday, hitting $27.94. The company had a trading volume of 268,100 shares, compared to its average volume of 366,217. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 19.82 and a beta of 0.13. The firm has a fifty day moving average price of $28.00 and a 200-day moving average price of $28.09. Four Corners Property Trust has a 52-week low of $24.97 and a 52-week high of $29.85. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.41 and a current ratio of 3.41.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be given a dividend of $0.305 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.22 annualized dividend and a dividend yield of 4.37%. This is an increase from Four Corners Property Trust’s previous quarterly dividend of $0.29. Four Corners Property Trust’s dividend payout ratio (DPR) is 81.56%.

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 primarily by acquiring additional real estate to lease, on a net basis, for use in the restaurant and food industry.

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