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

Four Corners Property Trust, Inc. (NYSE:FCPT) declared a monthly dividend on Monday, June 8th. Investors of record on Wednesday, September 30th will be paid a dividend of 0.1222 per share by the financial services provider on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Wednesday, September 30th.

Four Corners Property Trust has decreased its dividend payment 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 Price Performance

Shares of FCPT opened at $24.49 on Tuesday. The stock has a market cap of $2.69 billion, a PE ratio of 21.86 and a beta of 0.80. 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’s 50-day simple moving average is $24.78 and its two-hundred day simple moving average is $24.49.

Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings data 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 business had revenue of $78.17 million during 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%.Four Corners Property Trust’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 EPS. Analysts anticipate that Four Corners Property Trust will post 1.75 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO William H. Lenehan acquired 3,961 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were bought at an average price of $25.23 per share, for a total transaction of $99,936.03. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC lifted its position in Four Corners Property Trust by 80.1% during the third quarter. Parallel Advisors LLC now owns 1,041 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 463 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Four Corners Property Trust by 829.2% in the fourth quarter. Farther Finance Advisors LLC now owns 1,115 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 995 shares in the last quarter. First Horizon Corp increased its stake in shares of Four Corners Property Trust by 147.4% in the fourth quarter. First Horizon Corp now owns 1,190 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 709 shares in the last quarter. Huntington National Bank increased its stake in shares of Four Corners Property Trust by 114.1% in the fourth quarter. Huntington National Bank now owns 1,569 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 836 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Four Corners Property Trust in the fourth quarter worth $36,000. 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.