Four Corners Property Trust, Inc. (NYSE:FCPT) Expected to Announce Quarterly Sales of $53.93 Million

Equities research analysts expect Four Corners Property Trust, Inc. (NYSE:FCPTGet Rating) to report sales of $53.93 million for the current quarter, Zacks reports. Two analysts have made estimates for Four Corners Property Trust’s earnings. The lowest sales estimate is $53.55 million and the highest is $54.30 million. Four Corners Property Trust reported sales of $46.75 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.4%. The business is expected to issue its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Four Corners Property Trust will report full-year sales of $223.92 million for the current year, with estimates ranging from $222.42 million to $225.42 million. For the next fiscal year, analysts forecast that the company will report sales of $246.14 million, with estimates ranging from $242.09 million to $250.18 million. Zacks’ sales averages are an average based on a survey of analysts that follow Four Corners Property Trust.

Four Corners Property Trust (NYSE:FCPTGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.13). Four Corners Property Trust had a return on equity of 9.66% and a net margin of 42.92%. During the same quarter last year, the business earned $0.38 earnings per share.

FCPT has been the subject of a number of analyst reports. StockNews.com initiated coverage on shares of Four Corners Property Trust in a report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research downgraded shares of Four Corners Property Trust from a “buy” rating to a “hold” rating in a report on Tuesday, April 19th.

In other news, Director John S. Moody purchased 7,430 shares of the business’s stock in a transaction that occurred on Monday, March 7th. The stock was purchased at an average cost of $26.87 per share, with a total value of $199,644.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William H. Lenehan purchased 7,650 shares of the business’s stock in a transaction that occurred on Tuesday, February 22nd. The shares were purchased at an average cost of $26.18 per share, with a total value of $200,277.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 16,080 shares of company stock valued at $426,751 over the last three months. 0.71% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Exchange Traded Concepts LLC increased its position in Four Corners Property Trust by 38.8% in the 1st quarter. Exchange Traded Concepts LLC now owns 196,072 shares of the financial services provider’s stock valued at $5,302,000 after acquiring an additional 54,809 shares in the last quarter. Truist Financial Corp increased its position in Four Corners Property Trust by 4.3% in the 1st quarter. Truist Financial Corp now owns 34,566 shares of the financial services provider’s stock valued at $935,000 after acquiring an additional 1,435 shares in the last quarter. Exane Derivatives acquired a new stake in Four Corners Property Trust in the 1st quarter valued at about $180,000. Inspire Investing LLC acquired a new stake in Four Corners Property Trust in the 1st quarter valued at about $235,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Four Corners Property Trust by 78.0% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,274 shares of the financial services provider’s stock worth $602,000 after buying an additional 9,762 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

NYSE:FCPT opened at $28.72 on Wednesday. The stock’s 50-day simple moving average is $27.29. The company has a market cap of $2.31 billion, a P/E ratio of 25.87 and a beta of 0.95. Four Corners Property Trust has a 52 week low of $25.54 and a 52 week high of $30.13. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.91.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Thursday, March 31st were issued a dividend of $0.333 per share. This represents a $1.33 annualized dividend and a yield of 4.64%. The ex-dividend date was Wednesday, March 30th. Four Corners Property Trust’s dividend payout ratio is currently 119.82%.

Four Corners Property Trust Company Profile (Get Rating)

FCPT, headquartered in Mill Valley, CA, 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 retail industries.

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