Four Corners Property Trust, Inc. (FCPT) to Issue Quarterly Dividend of $0.37 on July 15th

Four Corners Property Trust, Inc. (NYSE:FCPT) announced a quarterly dividend on Monday, June 8th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.3665 per share by the financial services provider on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, June 30th.

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 annually for the last 5 consecutive years. Four Corners Property Trust has a dividend 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 analysts expect Four Corners Property Trust to earn $1.84 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 79.3%.

Four Corners Property Trust Stock Up 2.1%

FCPT stock opened at $25.56 on Friday. The company has a 50 day moving average price of $24.96 and a two-hundred day moving average price of $24.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.15 and a current ratio of 0.15. The stock has a market capitalization of $2.80 billion, a P/E ratio of 22.82 and a beta of 0.80. Four Corners Property Trust has a one year low of $22.78 and a one year high of $27.47.

Four Corners Property Trust (NYSE:FCPT) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.14). Four Corners Property Trust had a return on equity of 7.38% and a net margin of 38.74%.The business had revenue of $78.17 million for the quarter, compared to analysts’ expectations of $73.34 million. During the same period in the prior year, the company earned $0.44 EPS. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, sell-side analysts expect that Four Corners Property Trust will post 1.76 EPS for the current year.

Insider Activity at Four Corners Property Trust

In other news, CEO William H. Lenehan bought 3,961 shares of Four Corners Property Trust stock in a transaction dated Tuesday, May 5th. The shares were acquired at an average cost of $25.23 per share, with a total value of $99,936.03. Following the completion of the transaction, the chief executive officer owned 775,696 shares in the company, valued at approximately $19,570,810.08. This trade represents a 0.51% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Four Corners Property Trust

A number of institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC lifted its position in shares of Four Corners Property Trust by 80.1% during the 3rd quarter. Parallel Advisors LLC now owns 1,041 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 463 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Four Corners Property Trust by 829.2% in the fourth quarter. Farther Finance Advisors LLC now owns 1,115 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 995 shares during the period. First Horizon Corp lifted its position in shares of Four Corners Property Trust by 147.4% during the 4th quarter. First Horizon Corp now owns 1,190 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 709 shares during the last quarter. Huntington National Bank lifted its position in shares of Four Corners Property Trust by 114.1% during the 4th quarter. Huntington National Bank now owns 1,569 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 836 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Four Corners Property Trust during the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 98.66% of the company’s stock.

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.