Four Corners Property Trust, Inc. (FCPT) To Go Ex-Dividend on September 28th
Four Corners Property Trust, Inc. (NYSE:FCPT) declared a quarterly dividend on Friday, September 15th, NASDAQ reports. Stockholders of record on Friday, September 29th will be given a dividend of 0.243 per share by the financial services provider on Friday, October 13th. This represents a $0.97 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend is Thursday, September 28th.
Four Corners Property Trust has a payout ratio of 70.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Four Corners Property Trust to earn $1.44 per share next year, which means the company should continue to be able to cover its $0.97 annual dividend with an expected future payout ratio of 67.4%.
Shares of Four Corners Property Trust (NYSE FCPT) traded down 0.51% during mid-day trading on Friday, hitting $25.19. 141,727 shares of the stock were exchanged. The stock has a market capitalization of $1.54 billion, a P/E ratio of 18.59 and a beta of 0.17. Four Corners Property Trust has a 12-month low of $16.71 and a 12-month high of $25.94. The stock’s 50 day moving average price is $24.98 and its 200-day moving average price is $24.11.
Four Corners Property Trust (NYSE:FCPT) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). The company had revenue of $33.20 million for the quarter, compared to analyst estimates of $33.33 million. Four Corners Property Trust had a return on equity of 17.21% and a net margin of 63.74%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business earned $0.33 EPS. On average, equities research analysts expect that Four Corners Property Trust will post $1.03 EPS for the current fiscal year.
Several analysts have recently commented on FCPT shares. Zacks Investment Research raised shares of Four Corners Property Trust from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 22nd. Canaccord Genuity started coverage on shares of Four Corners Property Trust in a research report on Tuesday, July 18th. They set a “hold” rating and a $26.00 price objective for the company. BidaskClub downgraded shares of Four Corners Property Trust from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Four Corners Property Trust in a research report on Thursday, August 3rd. Finally, UBS AG raised shares of Four Corners Property Trust from a “market perform” rating to an “outperform” rating in a research report on Tuesday, August 15th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $27.00.
About Four Corners Property Trust
Four Corners Property Trust, Inc is a self-administered company and real estate investment trust (REIT), which owns, acquires and leases properties for use in the restaurant and food service related industries. The Company operates through two segments: real estate operations and restaurant operations.
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