Wall Street brokerages expect that Four Corners Property Trust Inc (NYSE:FCPT) will post $34.86 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Four Corners Property Trust’s earnings. The highest sales estimate is $35.05 million and the lowest is $34.66 million. Four Corners Property Trust reported sales of $33.15 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5.2%. The firm is expected to report its next earnings results on Wednesday, August 1st.

On average, analysts expect that Four Corners Property Trust will report full-year sales of $141.72 million for the current year, with estimates ranging from $141.43 million to $142.02 million. For the next fiscal year, analysts anticipate that the company will report sales of $150.48 million per share, with estimates ranging from $149.96 million to $150.99 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Four Corners Property Trust.

Four Corners Property Trust (NYSE:FCPT) last announced its earnings results on Wednesday, April 25th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.09). The business had revenue of $34.80 million for the quarter, compared to analysts’ expectations of $34.76 million. Four Corners Property Trust had a net margin of 53.30% and a return on equity of 13.31%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share.

Several analysts have recently issued reports on FCPT shares. LADENBURG THALM/SH SH restated a “buy” rating and set a $26.00 target price (down from $28.00) on shares of Four Corners Property Trust in a research report on Friday, February 23rd. Zacks Investment Research upgraded shares of Four Corners Property Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Four Corners Property Trust currently has a consensus rating of “Hold” and a consensus price target of $26.75.

Shares of Four Corners Property Trust traded up $0.41, hitting $23.26, during mid-day trading on Wednesday, according to MarketBeat.com. 581,600 shares of the company’s stock traded hands, compared to its average volume of 322,579. The company has a current ratio of 4.54, a quick ratio of 4.54 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $1.42 billion and a price-to-earnings ratio of 17.09. Four Corners Property Trust has a 1 year low of $21.28 and a 1 year high of $26.96.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 29th will be issued a dividend of $0.275 per share. The ex-dividend date is Thursday, June 28th. This represents a $1.10 annualized dividend and a yield of 4.73%. Four Corners Property Trust’s payout ratio is 80.88%.

Large investors have recently modified their holdings of the stock. Synovus Financial Corp bought a new position in Four Corners Property Trust during the 1st quarter valued at about $133,000. Meadow Creek Investment Management LLC grew its holdings in Four Corners Property Trust by 31.6% during the 4th quarter. Meadow Creek Investment Management LLC now owns 12,012 shares of the financial services provider’s stock valued at $309,000 after purchasing an additional 2,884 shares during the last quarter. Xact Kapitalforvaltning AB bought a new position in Four Corners Property Trust during the 1st quarter valued at about $325,000. Profund Advisors LLC grew its holdings in Four Corners Property Trust by 23.6% during the 1st quarter. Profund Advisors LLC now owns 14,211 shares of the financial services provider’s stock valued at $328,000 after purchasing an additional 2,714 shares during the last quarter. Finally, Capital Fund Management S.A. bought a new position in Four Corners Property Trust during the 4th quarter valued at about $352,000. Institutional investors own 87.83% of the company’s stock.

About Four Corners Property Trust

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 for use in the restaurant and related food services industry.

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