Brokerages Anticipate Four Corners Property Trust, Inc. (FCPT) Will Announce Quarterly Sales of $34.16 Million

Wall Street analysts expect Four Corners Property Trust, Inc. (NYSE:FCPT) to report $34.16 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Four Corners Property Trust’s earnings. The lowest sales estimate is $34.09 million and the highest is $34.22 million. Four Corners Property Trust reported sales of $31.27 million during the same quarter last year, which indicates a positive year-over-year growth rate of 9.2%. The firm is expected to report its next quarterly earnings results after the market closes on Tuesday, February 20th.

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 company will report sales of $145.21 million per share, with estimates ranging from $143.11 million to $147.31 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Four Corners Property Trust.

A number of equities analysts recently weighed in on the stock. 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. Finally, Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Four Corners Property Trust in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $27.25.

Four Corners Property Trust (NYSE FCPT) opened at $22.60 on Wednesday. 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 cap of $1,376.30, a P/E ratio of 16.78 and a beta of -0.24.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. New York State Common Retirement Fund raised its holdings in 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 worth $1,695,000 after acquiring an additional 1,469 shares during the last quarter. IndexIQ Advisors LLC raised its stake in Four Corners Property Trust by 2.9% during 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 last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Four Corners Property Trust by 8.7% during 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 last quarter. Cortina Asset Management LLC raised its stake in Four Corners Property Trust by 0.9% during 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 last quarter. Finally, LS Investment Advisors LLC raised its stake in Four Corners Property Trust by 31.7% during 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 last quarter. 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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