Analysts Anticipate Four Corners Property Trust Inc (NYSE:FCPT) to Post $0.36 Earnings Per Share

Analysts expect that Four Corners Property Trust Inc (NYSE:FCPT) will post earnings of $0.36 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Four Corners Property Trust’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.37. Four Corners Property Trust also reported earnings of $0.36 per share during the same quarter last year. The firm is scheduled to issue its next quarterly earnings report on Wednesday, February 12th.

On average, analysts expect that Four Corners Property Trust will report full-year earnings of $1.39 per share for the current financial year, with EPS estimates ranging from $1.36 to $1.44. For the next fiscal year, analysts expect that the company will post earnings of $1.49 per share, with EPS estimates ranging from $1.47 to $1.52. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Four Corners Property Trust.

Four Corners Property Trust (NYSE:FCPT) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.06). The business had revenue of $40.18 million for the quarter, compared to the consensus estimate of $40.49 million. Four Corners Property Trust had a net margin of 47.59% and a return on equity of 10.90%.

FCPT has been the subject of several recent research reports. ValuEngine cut Four Corners Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Berenberg Bank raised Four Corners Property Trust from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research cut Four Corners Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $31.40.

A number of institutional investors have recently bought and sold shares of FCPT. Invesco Ltd. raised its holdings in Four Corners Property Trust by 219.4% in the 2nd quarter. Invesco Ltd. now owns 3,727,161 shares of the financial services provider’s stock valued at $101,864,000 after acquiring an additional 2,560,414 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Four Corners Property Trust by 171.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,359,375 shares of the financial services provider’s stock worth $64,482,000 after buying an additional 1,490,954 shares in the last quarter. Balyasny Asset Management LLC raised its holdings in shares of Four Corners Property Trust by 332.0% in the 2nd quarter. Balyasny Asset Management LLC now owns 629,130 shares of the financial services provider’s stock worth $17,194,000 after buying an additional 483,495 shares in the last quarter. Echo Street Capital Management LLC acquired a new position in shares of Four Corners Property Trust in the 2nd quarter worth approximately $12,096,000. Finally, Vanguard Group Inc. raised its holdings in shares of Four Corners Property Trust by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 8,053,856 shares of the financial services provider’s stock worth $220,112,000 after buying an additional 277,500 shares in the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

Four Corners Property Trust stock traded down $0.11 during trading hours on Tuesday, hitting $27.11. The stock had a trading volume of 321,526 shares, compared to its average volume of 368,401. The company has a 50-day moving average of $28.34 and a two-hundred day moving average of $28.18. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.91. The company has a market cap of $1.89 billion, a PE ratio of 19.23 and a beta of 0.15. Four Corners Property Trust has a fifty-two week low of $24.97 and a fifty-two week high of $29.85.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were issued a $0.2875 dividend. This is a boost from Four Corners Property Trust’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, September 26th. This represents a $1.15 annualized dividend and a yield of 4.24%. Four Corners Property Trust’s dividend payout ratio is 81.56%.

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 primarily by acquiring additional real estate to lease, on a net basis, for use in the restaurant and food industry.

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