Four Corners Property Trust Inc (NYSE:FCPT) announced a quarterly dividend on Wednesday, March 6th, Wall Street Journal reports. Stockholders of record on Friday, March 29th will be given a dividend of 0.2875 per share by the financial services provider on Monday, April 15th. This represents a $1.15 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, March 28th.

Four Corners Property Trust has a payout ratio of 81.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Four Corners Property Trust to earn $1.54 per share next year, which means the company should continue to be able to cover its $1.15 annual dividend with an expected future payout ratio of 74.7%.

NYSE:FCPT opened at $29.41 on Wednesday. The company has a quick ratio of 6.24, a current ratio of 6.24 and a debt-to-equity ratio of 0.88. The stock has a market cap of $1.99 billion, a PE ratio of 20.86 and a beta of 0.32. Four Corners Property Trust has a one year low of $21.92 and a one year high of $29.54.

Four Corners Property Trust (NYSE:FCPT) last posted its earnings results on Wednesday, February 13th. The financial services provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.05). The business had revenue of $38.04 million for the quarter, compared to the consensus estimate of $38.76 million. Four Corners Property Trust had a return on equity of 13.25% and a net margin of 57.37%. The company’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 earnings per share. On average, equities analysts predict that Four Corners Property Trust will post 1.48 earnings per share for the current fiscal year.

In other Four Corners Property Trust news, CFO Gerald R. Morgan sold 3,000 shares of the business’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $27.41, for a total value of $82,230.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel James L. Brat sold 6,000 shares of the business’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $27.41, for a total transaction of $164,460.00. The disclosure for this sale can be found here. Corporate insiders own 0.34% of the company’s stock.

A number of equities research analysts have issued reports on FCPT shares. Zacks Investment Research downgraded shares of Four Corners Property Trust from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. ValuEngine raised shares of Four Corners Property Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. Finally, Boenning Scattergood started coverage on shares of Four Corners Property Trust in a research report on Thursday, December 6th. They issued an “outperform” rating and a $30.00 price objective for the company. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Four Corners Property Trust has a consensus rating of “Buy” and a consensus target price of $29.00.

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Four Corners Property Trust Company Profile

FCPT is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and related food services industry.

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

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