Equities analysts expect Four Corners Property Trust, Inc. (NYSE:FCPT – Get Rating) to announce $0.41 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Four Corners Property Trust’s earnings. Four Corners Property Trust posted earnings of $0.38 per share during the same quarter last year, which indicates a positive year over year growth rate of 7.9%. The business is expected to announce its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Four Corners Property Trust will report full-year earnings of $1.63 per share for the current year, with EPS estimates ranging from $1.60 to $1.66. For the next year, analysts anticipate that the business will report earnings of $1.71 per share, with EPS estimates ranging from $1.67 to $1.74. Zacks Investment Research’s earnings per share averages 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 – Get Rating) last released its quarterly earnings results on Tuesday, April 26th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. Four Corners Property Trust had a return on equity of 9.52% and a net margin of 42.15%. During the same quarter in the prior year, the company posted $0.38 earnings per share.
In other news, Director John S. Moody acquired 7,430 shares of the firm’s stock in a transaction dated Monday, March 7th. The shares were acquired at an average cost of $26.87 per share, with a total value of $199,644.10. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO William H. Lenehan bought 7,650 shares of the stock in a transaction dated Tuesday, February 22nd. The shares were purchased at an average price of $26.18 per share, with a total value of $200,277.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 16,080 shares of company stock valued at $426,751. 0.71% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in FCPT. Marshall Wace North America L.P. increased its holdings in shares of Four Corners Property Trust by 37.8% in the 1st quarter. Marshall Wace North America L.P. now owns 2,328 shares of the financial services provider’s stock worth $69,000 after buying an additional 638 shares during the last quarter. First Trust Advisors LP increased its stake in Four Corners Property Trust by 182.0% during the first quarter. First Trust Advisors LP now owns 94,293 shares of the financial services provider’s stock worth $2,791,000 after acquiring an additional 60,855 shares during the last quarter. Morgan Stanley raised its position in Four Corners Property Trust by 53.0% during the second quarter. Morgan Stanley now owns 511,062 shares of the financial services provider’s stock valued at $14,111,000 after purchasing an additional 176,960 shares during the period. SG Americas Securities LLC lifted its stake in shares of Four Corners Property Trust by 33.4% in the 3rd quarter. SG Americas Securities LLC now owns 17,188 shares of the financial services provider’s stock valued at $462,000 after purchasing an additional 4,301 shares during the last quarter. Finally, Advisor Group Holdings Inc. boosted its holdings in shares of Four Corners Property Trust by 3.3% in the 3rd quarter. Advisor Group Holdings Inc. now owns 13,510 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 432 shares during the period. 92.46% of the stock is currently owned by institutional investors.
Shares of NYSE:FCPT opened at $26.51 on Monday. Four Corners Property Trust has a 12-month low of $25.10 and a 12-month high of $30.13. The company has a market cap of $2.13 billion, a PE ratio of 23.67 and a beta of 0.88. The stock has a 50 day moving average of $27.38 and a 200 day moving average of $27.61. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.99.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Stockholders of record on Thursday, March 31st were issued a $0.333 dividend. This represents a $1.33 annualized dividend and a dividend yield of 5.02%. The ex-dividend date was Wednesday, March 30th. Four Corners Property Trust’s dividend payout ratio (DPR) is presently 118.75%.
About Four Corners Property Trust (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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