Zacks: Brokerages Anticipate Four Corners Property Trust, Inc. (NYSE:FCPT) Will Post Quarterly Sales of $55.40 Million

Brokerages expect Four Corners Property Trust, Inc. (NYSE:FCPTGet Rating) to report $55.40 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Four Corners Property Trust’s earnings. The lowest sales estimate is $55.04 million and the highest is $55.95 million. Four Corners Property Trust posted sales of $49.27 million in the same quarter last year, which indicates a positive year-over-year growth rate of 12.4%. The firm is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Four Corners Property Trust will report full year sales of $224.28 million for the current fiscal year, with estimates ranging from $222.42 million to $226.43 million. For the next financial year, analysts anticipate that the business will report sales of $245.85 million, with estimates ranging from $242.09 million to $250.65 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Four Corners Property Trust.

Four Corners Property Trust (NYSE:FCPTGet Rating) last posted its earnings results on Tuesday, April 26th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. Four Corners Property Trust had a net margin of 42.15% and a return on equity of 9.52%. During the same quarter last year, the company posted $0.38 EPS.

A number of equities analysts have commented on the company. Zacks Investment Research raised Four Corners Property Trust from a “sell” rating to a “hold” rating in a report on Friday, May 13th. StockNews.com assumed coverage on Four Corners Property Trust in a report on Thursday, March 31st. They issued a “hold” rating on the stock.

In related news, Director John S. Moody purchased 7,430 shares of Four Corners Property Trust stock in a transaction dated Monday, March 7th. The shares were acquired at an average price of $26.87 per share, for a total transaction of $199,644.10. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Douglas B. Hansen acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 29th. The stock was purchased at an average cost of $26.83 per share, with a total value of $26,830.00. The disclosure for this purchase can be found here. 0.71% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in FCPT. Prospera Financial Services Inc purchased a new position in shares of Four Corners Property Trust during the 1st quarter worth $37,000. Pinebridge Investments L.P. acquired a new position in Four Corners Property Trust during the fourth quarter worth $41,000. WASHINGTON TRUST Co purchased a new position in shares of Four Corners Property Trust during the first quarter worth $41,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Four Corners Property Trust by 211.7% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,780 shares of the financial services provider’s stock valued at $52,000 after buying an additional 1,209 shares in the last quarter. Finally, Marshall Wace North America L.P. raised its holdings in shares of Four Corners Property Trust by 37.8% in the 1st quarter. Marshall Wace North America L.P. now owns 2,328 shares of the financial services provider’s stock valued at $69,000 after buying an additional 638 shares during the period. Institutional investors and hedge funds own 92.46% of the company’s stock.

FCPT traded up $0.37 during trading on Wednesday, hitting $27.08. The company’s stock had a trading volume of 300,215 shares, compared to its average volume of 550,028. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 24.18 and a beta of 0.88. Four Corners Property Trust has a twelve month low of $25.10 and a twelve month high of $30.13. The business’s fifty day simple moving average is $27.38 and its 200 day simple moving average is $27.50. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.99.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Thursday, March 31st were paid a dividend of $0.333 per share. The ex-dividend date was Wednesday, March 30th. This represents a $1.33 annualized dividend and a yield of 4.92%. Four Corners Property Trust’s dividend payout ratio is presently 118.75%.

About Four Corners Property Trust (Get Rating)

FCPT, headquartered in Mill Valley, CA, 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 retail industries.

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