Brokerages predict that Four Corners Property Trust, Inc. (NYSE:FCPT) will announce sales of $34.16 million for the current quarter, Zacks reports. Two analysts have issued estimates for Four Corners Property Trust’s earnings, with the highest sales estimate coming in at $34.22 million and the lowest estimate coming in at $34.09 million. Four Corners Property Trust posted sales of $31.27 million in the same quarter last year, which would indicate a positive year over year growth rate of 9.2%. The business is expected to report its next quarterly earnings results on Wednesday, February 28th.

On average, analysts expect that Four Corners Property Trust will report full year sales of $34.16 million for the current fiscal year, with estimates ranging from $133.46 million to $133.59 million. For the next fiscal year, analysts forecast that the firm will report sales of $145.21 million per share, with estimates ranging from $143.11 million to $147.31 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Four Corners Property Trust.

Several research firms have recently issued reports on FCPT. Zacks Investment Research lowered shares of Four Corners Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. BidaskClub upgraded shares of Four Corners Property Trust from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Four Corners Property Trust in a report on Friday, November 3rd. Raymond James Financial upgraded shares of Four Corners Property Trust from a “market perform” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Tuesday, August 15th. Finally, UBS upgraded shares of Four Corners Property Trust from a “market perform” rating to an “outperform” rating in a report on Tuesday, August 15th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $27.25.

Four Corners Property Trust (NYSE FCPT) remained flat at $$25.34 during mid-day trading on Friday. 218,100 shares of the company traded hands, compared to its average volume of 327,647. Four Corners Property Trust has a 1-year low of $18.97 and a 1-year high of $26.75. The stock has a market capitalization of $1,550.71, a PE ratio of 18.91 and a beta of 0.12.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a $0.275 dividend. This is a positive change from Four Corners Property Trust’s previous quarterly dividend of $0.24. This represents a $1.10 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Thursday, December 28th. Four Corners Property Trust’s payout ratio is presently 68.79%.

A number of hedge funds and other institutional investors have recently made changes to their positions in FCPT. FMR LLC raised its holdings in Four Corners Property Trust by 265.8% in the 2nd quarter. FMR LLC now owns 3,146,106 shares of the financial services provider’s stock worth $78,999,000 after acquiring an additional 2,285,965 shares during the last quarter. Cohen & Steers Inc. raised its stake in Four Corners Property Trust by 14.1% during the 3rd quarter. Cohen & Steers Inc. now owns 4,104,733 shares of the financial services provider’s stock valued at $102,290,000 after buying an additional 506,185 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Four Corners Property Trust by 71.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 711,233 shares of the financial services provider’s stock valued at $16,237,000 after buying an additional 295,835 shares during the last quarter. Vanguard Group Inc. raised its stake in Four Corners Property Trust by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 7,691,152 shares of the financial services provider’s stock valued at $193,125,000 after buying an additional 236,781 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. raised its stake in Four Corners Property Trust by 3,225.9% during the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 181,030 shares of the financial services provider’s stock valued at $4,545,000 after buying an additional 175,587 shares during the last quarter. Institutional investors own 86.45% of the company’s stock.

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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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