Four Corners Property Trust Inc (NYSE:FCPT) declared a quarterly dividend on Tuesday, June 19th, Wall Street Journal reports. Investors of record on Friday, June 29th will be paid a dividend of 0.275 per share by the financial services provider on Friday, July 13th. This represents a $1.10 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date is Thursday, June 28th.
Four Corners Property Trust has a payout ratio of 80.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Four Corners Property Trust to earn $1.48 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 74.3%.
Shares of Four Corners Property Trust traded up $0.52, reaching $24.82, on Tuesday, MarketBeat reports. 524,470 shares of the company’s stock were exchanged, compared to its average volume of 336,108. Four Corners Property Trust has a twelve month low of $21.28 and a twelve month high of $26.96. The firm has a market cap of $1.47 billion and a PE ratio of 18.29. The company has a quick ratio of 4.54, a current ratio of 4.54 and a debt-to-equity ratio of 0.98.
Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings results on Wednesday, April 25th. The financial services provider reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.09). The firm had revenue of $34.80 million for the quarter, compared to the consensus estimate of $34.76 million. Four Corners Property Trust had a return on equity of 13.31% and a net margin of 53.30%. The business’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the company posted $0.35 EPS. research analysts expect that Four Corners Property Trust will post 1.42 EPS for the current year.
Separately, Zacks Investment Research raised shares of Four Corners Property Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $26.75.
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.
Receive News & Ratings for Four Corners Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Four Corners Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.