Four Corners Property Trust, Inc. (FCPT) To Go Ex-Dividend on March 31st

Four Corners Property Trust, Inc. (NYSE:FCPT) announced a quarterly dividend on Monday, March 10th, RTT News reports. Stockholders 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 4.98%. The ex-dividend date is Monday, March 31st.

Four Corners Property Trust has increased its dividend payment by an average of 7.7% annually over the last three years. Four Corners Property Trust has a dividend payout ratio of 122.4% meaning 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 Price Performance

Shares of FCPT stock opened at $28.52 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11. Four Corners Property Trust has a 1-year low of $22.38 and a 1-year high of $30.93. The firm has a fifty day moving average of $28.11 and a two-hundred day moving average of $28.38. The firm has a market cap of $2.85 billion, a P/E ratio of 26.65 and a beta of 1.16.

Four Corners Property Trust (NYSE:FCPT) last posted its earnings results 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 return on equity of 7.54% and a net margin of 37.48%. As a group, research analysts anticipate that Four Corners Property Trust will post 1.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FCPT. JMP Securities reissued a “market perform” rating on shares of Four Corners Property Trust in a research note on Thursday, February 13th. Barclays lowered their price objective 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. Finally, Wells Fargo & Company upped their target price on Four Corners Property Trust from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, March 10th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Four Corners Property Trust 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.