Four Corners Property Trust, Inc. (FCPT) to Issue Monthly Dividend of $0.12 on August 17th

Four Corners Property Trust, Inc. (NYSE:FCPT) declared 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) annualized dividend and a yield of 5.9%. The ex-dividend date is Friday, July 31st.

Four Corners Property Trust has decreased its dividend payment by an average of 0.0%per year 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 Price Performance

Four Corners Property Trust stock opened at $24.95 on Wednesday. Four Corners Property Trust has a 12 month low of $22.78 and a 12 month high of $28.11. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.35. The business’s 50 day simple moving average is $24.80 and its 200 day simple moving average is $24.50. 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 (NYSE:FCPT) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.14). Four Corners Property Trust had a net margin of 38.74% and a return on equity of 7.38%. The firm had revenue of $78.17 million during the quarter, compared to analysts’ expectations of $73.34 million. During the same quarter in the previous year, the company posted $0.44 EPS. Four Corners Property Trust’s revenue for the quarter was up 9.4% on a year-over-year basis. Sell-side analysts forecast 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.