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.

TRADEMARK VIOLATION WARNING: This story was first reported by Daily Political and is owned by of Daily Political. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The legal version of this story can be viewed at https://www.dailypolitical.com/2017/09/23/four-corners-property-trust-inc-fcpt-to-go-ex-dividend-on-september-28th.html.

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.

Dividend History for Four Corners Property Trust (NYSE:FCPT)

Receive News & Ratings for Four Corners Property Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Four Corners Property Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.