Brokerages expect Four Corners Property Trust, Inc. (NYSE:FCPT) to report sales of $33.73 million for the current quarter, according to Zacks Investment Research. Two analysts have made 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 posted sales of $30.82 million during the same quarter last year, which would indicate a positive year over year growth rate of 9.4%. The business is scheduled to issue its next earnings report 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 year, analysts anticipate that the firm will report 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 research analysts that that provide coverage for Four Corners Property Trust.

Four Corners Property Trust (NYSE:FCPT) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.01). The business had revenue of $33.20 million during the quarter, compared to analyst estimates of $33.33 million. Four Corners Property Trust had a net margin of 63.74% and a return on equity of 17.21%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 EPS.

A number of equities research analysts have issued reports on FCPT shares. BidaskClub cut shares of Four Corners Property Trust from a “buy” rating to a “hold” rating in a report on Friday, September 1st. UBS AG upgraded shares of Four Corners Property Trust from a “market perform” rating to an “outperform” rating in a research report on Tuesday, August 15th. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Four Corners Property Trust in a research report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Four Corners Property Trust from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Wednesday, July 12th. Finally, Raymond James Financial, Inc. upgraded shares of Four Corners Property Trust from a “market perform” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Tuesday, August 15th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Four Corners Property Trust presently has a consensus rating of “Hold” and an average target price of $27.00.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pinebridge Investments L.P. grew its position in shares of Four Corners Property Trust by 1.2% during the 2nd quarter. Pinebridge Investments L.P. now owns 7,908 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 97 shares in the last quarter. Arizona State Retirement System grew its position in shares of Four Corners Property Trust by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 31,338 shares of the financial services provider’s stock valued at $787,000 after purchasing an additional 100 shares in the last quarter. Suntrust Banks Inc. grew its position in shares of Four Corners Property Trust by 1.1% during the 2nd quarter. Suntrust Banks Inc. now owns 26,945 shares of the financial services provider’s stock valued at $675,000 after purchasing an additional 295 shares in the last quarter. Texas Permanent School Fund grew its position in shares of Four Corners Property Trust by 1.1% during the 2nd quarter. Texas Permanent School Fund now owns 43,824 shares of the financial services provider’s stock valued at $1,100,000 after purchasing an additional 470 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its position in shares of Four Corners Property Trust by 3.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 14,136 shares of the financial services provider’s stock valued at $355,000 after purchasing an additional 480 shares in the last quarter. Hedge funds and other institutional investors own 87.80% of the company’s stock.

Shares of Four Corners Property Trust (NYSE FCPT) traded down 0.51% during midday trading on Friday, hitting $25.19. The company’s stock had a trading volume of 141,727 shares. The stock’s 50 day moving average is $24.98 and its 200-day moving average is $24.11. Four Corners Property Trust has a 52-week low of $16.71 and a 52-week high of $25.94. The firm has a market cap of $1.54 billion, a P/E ratio of 18.59 and a beta of 0.17.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a dividend of $0.243 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 3.86%. Four Corners Property Trust’s dividend payout ratio (DPR) is currently 71.85%.

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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