Four Corners Property Trust, Inc. (NYSE: FCPT) declared a quarterly dividend on Monday, September 27, Zacks reports. Shareholders of record on Thursday October 7 will receive a dividend of 0.317 per share from the financial services provider on Friday October 15. This represents an annualized dividend of $ 1.27 and a return of 4.64%. The ex-dividend date is Wednesday October 6.

Four Corners Property Trust has increased its dividend by 53.4% ​​over the past three years and has increased its dividend each year for the past 1 consecutive years. Four Corners Property Trust has a dividend payout ratio of 116.7%, which means the company currently cannot cover its dividend with profits alone and relies on its balance sheet to cover its dividend payments. Analysts expect Four Corners Property Trust to earn $ 1.59 per share next year, which means the company should continue to be able to cover its annual dividend of $ 1.26 with a rate of expected future distribution of 79.2%.

Shares of FCPT opened at $ 27.30 on Wednesday. The company has a market cap of $ 2.08 billion, a P / E ratio of 25.51 and a beta of 0.87. The stock has a 50-day simple moving average of $ 27.94 and a two-hundred-day simple moving average of $ 28.12. The company has a leverage ratio of 0.99, a quick ratio of 3.26, and a current ratio of 3.26. Four Corners Property Trust has a 52-week low of $ 24.88 and a 52-week high of $ 30.42.

Four Corners Property Trust (NYSE: FCPT) last reported its quarterly results on Wednesday, August 4. The financial services provider reported EPS of $ 0.26 for the quarter, missing Zacks’ consensus estimate of $ 0.38 ($ 0.12). Four Corners Property Trust had a net margin of 43.74% and a return on equity of 9.72%. The company posted revenue of $ 49.27 million in the quarter, compared to analysts’ estimates of $ 47.97 million. During the same period last year, the company posted $ 0.34 in EPS. The company’s revenue grew 20.4% year-over-year. On average, research analysts predict that Four Corners Property Trust will post 1.51 earnings per share for the current year.

Several research firms weighed on the FCPT. Zacks Investment Research reduced Four Corners Property Trust from a “hold” rating to a “sell” rating in a research report published on Tuesday, August 10. Raymond James downgraded Four Corners Property Trust from a “strong buy” rating to an “outperform” rating and lowered its target price for the company from $ 34.00 to $ 30.00 in a research note on Wednesday August 18.

A hedge fund recently increased its stake in shares of Four Corners Property Trust. Morgan Stanley increased its stake in shares of Four Corners Property Trust, Inc. (NYSE: FCPT) by 53.0% in the 2nd quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The company held 511,062 shares of the financial services provider after acquiring an additional 176,960 shares during the quarter. Morgan Stanley owned 0.67% of Four Corners Property Trust valued at $ 14,111,000 when it was last filed with the Securities and Exchange Commission (SEC). 89.86% of the shares are held by institutional investors.

About Four Corners Property Trust

Four Corners Property Trust, Inc engages in the ownership, acquisition and rental of properties for use in the catering and catering related industries. It operates through the Real Estate Operations and Catering Operations segments. The Real Estate Operations segment includes rental income generated from the rental of catering properties.

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