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

Four Corners Property Trust, Inc. (NYSE:FCPT) announced 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) annualized dividend and a yield of 6.0%. The ex-dividend date is Tuesday, June 30th.

Four Corners Property Trust has decreased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 5 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 Trading Down 0.9%

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

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

Four Corners Property Trust Company Profile

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.