Four Corners Property Trust, Inc. Announces Monthly Dividend of $0.12 (NYSE:FCPT)

Four Corners Property Trust, Inc. (NYSE:FCPT) announced a monthly dividend on Monday, June 8th. Investors of record on Friday, July 31st will be given a dividend of 0.1222 per share by the financial services provider on Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Friday, July 31st.

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

FCPT stock opened at $24.49 on Tuesday. The company’s 50 day moving average price is $24.78 and its 200 day moving average price is $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. Four Corners Property Trust has a fifty-two week low of $22.78 and a fifty-two week high of $28.11. The firm has a market capitalization 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 earnings results on Wednesday, April 29th. The financial services provider reported $0.28 earnings per share 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 analysts’ expectations of $73.34 million. Four Corners Property Trust had a return on equity of 7.38% and a net margin of 38.74%.The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.44 earnings per share. On average, equities research analysts anticipate 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.