Four Corners Property Trust, Inc. (FCPT) to Issue Monthly Dividend of $0.12 on September 15th

Four Corners Property Trust, Inc. (NYSE:FCPT) announced a monthly dividend on Monday, June 8th. Shareholders of record on Monday, August 31st will be paid a dividend of 0.1222 per share by the financial services provider on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date is Monday, August 31st.

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 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. 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 Price Performance

Shares of FCPT opened at $24.95 on Wednesday. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 22.28 and a beta of 0.80. Four Corners Property Trust has a twelve month low of $22.78 and a twelve month high of $28.11. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average of $24.80 and a two-hundred day moving average of $24.50.

Four Corners Property Trust (NYSE:FCPT) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.14). The firm had revenue of $78.17 million during the quarter, compared to analyst estimates of $73.34 million. Four Corners Property Trust had a net margin of 38.74% and a return on equity of 7.38%. Four Corners Property Trust’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business earned $0.44 earnings per share. As a group, analysts predict that Four Corners Property Trust will post 1.75 earnings per share for the current fiscal year.

Insider Buying and Selling at Four Corners Property Trust

In related news, CEO William H. Lenehan purchased 3,961 shares of Four Corners Property Trust stock in a transaction that occurred on Tuesday, May 5th. The stock was purchased at an average price of $25.23 per share, for a total transaction of $99,936.03. Following the transaction, the chief executive officer directly owned 775,696 shares in the company, valued at approximately $19,570,810.08. This trade represents a 0.51% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by company insiders.

Institutional Trading of Four Corners Property Trust

Several large investors have recently bought and sold shares of FCPT. AQR Capital Management LLC grew its stake in Four Corners Property Trust by 20.3% during the 1st quarter. AQR Capital Management LLC now owns 34,273 shares of the financial services provider’s stock valued at $984,000 after acquiring an additional 5,786 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Four Corners Property Trust by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,416 shares of the financial services provider’s stock valued at $1,648,000 after buying an additional 2,508 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Four Corners Property Trust by 13.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 681,843 shares of the financial services provider’s stock valued at $19,569,000 after buying an additional 79,023 shares during the period. Jane Street Group LLC purchased a new stake in shares of Four Corners Property Trust in the 1st quarter valued at approximately $2,627,000. Finally, American Century Companies Inc. grew its stake in shares of Four Corners Property Trust by 34.3% in the 2nd quarter. American Century Companies Inc. now owns 37,054 shares of the financial services provider’s stock valued at $997,000 after buying an additional 9,460 shares during the period. Hedge funds and other institutional investors own 98.66% of the company’s stock.

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.