Four Corners Property Trust, Inc. (NYSE:FCPT) to Issue Quarterly Dividend of $0.36

Four Corners Property Trust, Inc. (NYSE:FCPT - Get Free Report) announced a quarterly dividend on Monday, March 10th, RTT News reports. Investors of record on Monday, March 31st will be given a dividend of 0.355 per share by the financial services provider on Tuesday, April 15th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date is Monday, March 31st.

Four Corners Property Trust has raised its dividend payment by an average of 7.7% per year over the last three years. Four Corners Property Trust has a dividend payout ratio of 122.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Four Corners Property Trust to earn $1.77 per share next year, which means the company should continue to be able to cover its $1.42 annual dividend with an expected future payout ratio of 80.2%.

Four Corners Property Trust Stock Up 1.0 %

Shares of FCPT traded up $0.28 on Friday, reaching $27.79. The company's stock had a trading volume of 285,761 shares, compared to its average volume of 669,121. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36. Four Corners Property Trust has a twelve month low of $22.38 and a twelve month high of $30.93. The stock has a market capitalization of $2.78 billion, a PE ratio of 25.97 and a beta of 1.16. The firm has a fifty day moving average of $27.83 and a 200-day moving average of $28.40.

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Four Corners Property Trust (NYSE:FCPT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.28 by $0.16. Four Corners Property Trust had a net margin of 37.48% and a return on equity of 7.54%. Equities analysts predict that Four Corners Property Trust will post 1.68 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on FCPT. JMP Securities reissued a "market perform" rating on shares of Four Corners Property Trust in a research report on Thursday, February 13th. Barclays dropped their target price on shares of Four Corners Property Trust from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 4th. Wells Fargo & Company lifted their target price on shares of Four Corners Property Trust from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, UBS Group began coverage on shares of Four Corners Property Trust in a research report on Thursday, November 14th. They set a "buy" rating and a $33.00 target price on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $30.20.

Four Corners Property Trust Company Profile

Four Corners Property Trust, Inc engages in the owning, acquisition, and leasing of properties for use in the restaurant and food-service related industries. It operates through the Real Estate Operations and Restaurant Operations segments. The Real Estate Operations segment consists of rental revenues generated by leasing restaurant properties.