Four Corners Property Trust, Inc. (FCPT) Expected to Announce Earnings of $0.35 Per Share

Analysts expect Four Corners Property Trust, Inc. (NYSE:FCPT) to report $0.35 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Four Corners Property Trust’s earnings. The highest EPS estimate is $0.35 and the lowest is $0.34. Four Corners Property Trust reported earnings per share of $0.31 in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.9%. The business is scheduled to report its next earnings report after the market closes on Tuesday, February 20th.

On average, analysts expect that Four Corners Property Trust will report full year earnings of $1.36 per share for the current fiscal year, with EPS estimates ranging from $1.35 to $1.37. For the next fiscal year, analysts expect that the company will report earnings of $1.46 per share, with EPS estimates ranging from $1.45 to $1.47. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Four Corners Property Trust.

FCPT has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Four Corners Property Trust from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Tuesday, October 17th. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Four Corners Property Trust in a report on Friday, November 3rd. Finally, BidaskClub upgraded Four Corners Property Trust from a “sell” rating to a “hold” rating in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Four Corners Property Trust currently has a consensus rating of “Hold” and a consensus price target of $27.25.

Shares of Four Corners Property Trust (FCPT) opened at $22.23 on Monday. Four Corners Property Trust has a 1-year low of $20.82 and a 1-year high of $26.96. The firm has a market capitalization of $1,360.39, a PE ratio of 15.77 and a beta of -0.24.

Several institutional investors and hedge funds have recently modified their holdings of the company. New York State Common Retirement Fund grew its stake in shares of Four Corners Property Trust by 2.2% in the 2nd quarter. New York State Common Retirement Fund now owns 67,494 shares of the financial services provider’s stock valued at $1,695,000 after buying an additional 1,469 shares during the period. IndexIQ Advisors LLC grew its stake in shares of Four Corners Property Trust by 2.9% in the 3rd quarter. IndexIQ Advisors LLC now owns 74,712 shares of the financial services provider’s stock valued at $1,862,000 after buying an additional 2,107 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Four Corners Property Trust by 8.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 30,331 shares of the financial services provider’s stock valued at $780,000 after buying an additional 2,426 shares during the period. Cortina Asset Management LLC grew its stake in shares of Four Corners Property Trust by 0.9% in the 3rd quarter. Cortina Asset Management LLC now owns 276,723 shares of the financial services provider’s stock valued at $6,896,000 after buying an additional 2,428 shares during the period. Finally, LS Investment Advisors LLC grew its stake in shares of Four Corners Property Trust by 31.7% in the 3rd quarter. LS Investment Advisors LLC now owns 10,754 shares of the financial services provider’s stock valued at $268,000 after buying an additional 2,586 shares during the period. Institutional investors own 85.84% of the company’s stock.

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Four Corners Property Trust Company Profile

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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