Equities research analysts expect that Four Corners Property Trust Inc (NYSE:FCPT) will post earnings per share of $0.36 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Four Corners Property Trust’s earnings. Four Corners Property Trust posted earnings of $0.34 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.9%. The company is expected to report its next quarterly earnings results on Tuesday, February 19th.
According to Zacks, analysts expect that Four Corners Property Trust will report full-year earnings of $1.41 per share for the current year, with EPS estimates ranging from $1.40 to $1.42. For the next financial year, analysts anticipate that the company will report earnings of $1.47 per share, with EPS estimates ranging from $1.45 to $1.48. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Four Corners Property Trust.
Four Corners Property Trust (NYSE:FCPT) last released its quarterly earnings results on Monday, October 29th. The financial services provider reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.08). Four Corners Property Trust had a return on equity of 13.21% and a net margin of 57.05%. The business had revenue of $36.12 million during the quarter, compared to the consensus estimate of $36.38 million. During the same quarter in the previous year, the business posted $0.32 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis.
Several research analysts have weighed in on FCPT shares. Boenning Scattergood started coverage on shares of Four Corners Property Trust in a research report on Thursday, December 6th. They issued an “outperform” rating and a $30.00 price target on the stock. TheStreet upgraded shares of Four Corners Property Trust from a “c” rating to a “b” rating in a research report on Monday, October 29th. Zacks Investment Research downgraded shares of Four Corners Property Trust from a “hold” rating to a “strong sell” rating in a research report on Friday, January 4th. Finally, ValuEngine upgraded shares of Four Corners Property Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $28.00.
FCPT opened at $26.31 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.95 and a current ratio of 2.95. Four Corners Property Trust has a 1-year low of $21.28 and a 1-year high of $28.54. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 19.35 and a beta of 0.28.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 14th. Stockholders of record on Friday, January 4th will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Thursday, January 3rd. This is a boost from Four Corners Property Trust’s previous quarterly dividend of $0.28. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.37%. Four Corners Property Trust’s dividend payout ratio is 84.56%.
In other news, CFO Gerald R. Morgan sold 3,400 shares of the stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $27.03, for a total value of $91,902.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.34% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in FCPT. Eii Capital Management Inc. purchased a new position in Four Corners Property Trust during the third quarter valued at $123,000. First Trust Advisors LP grew its stake in Four Corners Property Trust by 29.0% during the third quarter. First Trust Advisors LP now owns 12,431 shares of the financial services provider’s stock valued at $319,000 after acquiring an additional 2,797 shares in the last quarter. Zebra Capital Management LLC purchased a new position in Four Corners Property Trust during the second quarter valued at $348,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Four Corners Property Trust by 22.9% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,957 shares of the financial services provider’s stock valued at $410,000 after acquiring an additional 2,971 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Four Corners Property Trust by 12.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,918 shares of the financial services provider’s stock valued at $460,000 after acquiring an additional 1,991 shares in the last quarter. 91.07% of the stock is owned by hedge funds and other institutional investors.
Four Corners Property Trust Company Profile
FCPT 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 related food services industry.
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