Four Corners Property Trust, Inc. Plans Quarterly Dividend of $0.37 (NYSE:FCPT)

Four Corners Property Trust, Inc. (NYSE:FCPT) declared a quarterly dividend on Monday, June 8th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.3665 per share by the financial services provider on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Tuesday, June 30th.

Four Corners Property Trust has decreased its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Four Corners Property Trust has a payout ratio of 127.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Four Corners Property Trust to earn $1.83 per share next year, which means the company should continue to be able to cover its $1.46 annual dividend with an expected future payout ratio of 79.8%.

Four Corners Property Trust Stock Performance

Shares of NYSE FCPT opened at $24.49 on Tuesday. The stock has a fifty day moving average price of $24.78 and a two-hundred day moving average price of $24.49. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.15 and a current ratio of 0.15. The firm has a market cap of $2.69 billion, a P/E ratio of 21.86 and a beta of 0.80. Four Corners Property Trust has a 1 year low of $22.78 and a 1 year high of $28.11.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.14). The firm had revenue of $78.17 million for the quarter, compared to the consensus estimate of $73.34 million. Four Corners Property Trust had a net margin of 38.74% and a return on equity of 7.38%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 earnings per share. Research analysts forecast that Four Corners Property Trust will post 1.75 EPS for the current fiscal year.

About Four Corners Property Trust

Four Corners Property Trust is a publicly traded real estate investment trust focused on acquiring and managing single-tenant commercial properties subject to long-term, triple-net leases. The company targets industrial, manufacturing, distribution, office and retail facilities leased to creditworthy tenants. By concentrating on net-lease structures, Four Corners seeks to generate stable, predictable income streams and mitigate operating cost variability.

The firm’s core activities include sourcing off-market and broker-sourced acquisition opportunities, conducting rigorous credit and property due diligence, and structuring lease agreements that shift property taxes, insurance and maintenance expenses to tenants.