Four Corners Property Trust (NYSE: FCPT) Buys Outback Steakhouse Restaurant

Four Corners Property Trust, Inc. (NYSE: FCPT) has declared that it has purchased the Outback Steakhouse Restaurant from Washington Prime Group. The real estate investment Trust firm which is engaged in the leasing and buying of restaurant properties has bought the restaurant for $1.9 million.

The property which is based in Florida is under a triple net lease and has five years remaining in a lease period. Previously, FCPT has bought Starbucks property from Washington Prime Group for $1.8 million.

Four Corners Property Trust has bought a total of 51 properties including the purchase of Outback Steakhouse for $82.6 million from Washington Prime Group. The value of the Washington Prime Group portfolio was in line with the investment thresholds of Four Corners Property Trust Inc and past investment rates.

The Real estate investment company has previously released a quarterly cash dividend of $0.3175 per share for the fourth quarter of 2020. This announcement has shown an increase of 4.1% from the earlier period. The firm is scheduled to pay dividends to stakeholders on January 15, 2021.

Four Corners Property Trust, Inc. (FCPT) has seen some recent activity in the stock market and its common shares closed trading at $28.82 yesterday. People are starting to take interest of FCPT as the common shares traded as high as $28.87 and as low as $28.30 in the prior market session.

Four Corners Property Trust, Inc. (FCPT) average trading volume is 484.11K. However, in the prior market session Four Corners Property Trust, Inc. (FCPT) exchanged 593,701 shares. The 1st support level on FCPT is $28.55. FCPT 50-day moving average is $26.88 and FCPT two hundred day moving average is $24.54.

Four Corners Property Trust, Inc. (FCPT) most recent performance has been specified by the recent movement in FCPT common shares. FCPT has performed 5.76% over the past month, FCPT has performed 14.05% over the past 90 days and FCPT has shown 4.23% over the past 1 year. Four Corners Property Trust, Inc. (FCPT) has a 52 week range of $12.80 to $32.50. Four Corners Property Trust, Inc. (FCPT) is trading 125.16% from its 52 week low and -11.32% from its 52 week high. Four Corners Property Trust, Inc. (FCPT) is indicating a 4.25% short float indicating the sum short in the float.

FCPT has 73.45M shares outstanding and 72.77M shares in the float. Four Corners Property Trust, Inc. (FCPT) currently has a market cap of $2.18B and income of 76.00M. The EPS next quarter for FCPT is 0.28 and projected EPS next year is 6.45%. The market cap of Four Corners Property Trust, Inc. (FCPT) at $2.18B signifies how many People own shares of FCPT and is based off the last price ($28.82) of FCPT and the sum of shares outstanding (73.45M) with Four Corners Property Trust, Inc. (FCPT).

Four Corners Property Trust, Inc. (FCPT) has aggregate cash (mrq) of 17.79M, aggregate cash per share (mrq) of 0.24, aggregate debt of FCPT remains at 770.42M and aggregate debt/equity (mrq) is 101.62. . Four Corners Property Trust, Inc. (FCPT) running cash flow (ttm) is 88.77M, FCPT leveraged free cash flow (ttm) is 73.97M.

FCPT is trading 8.20% above (bullish) its SMA20, 8.86% above (bullish) its SMA50 and 18.26% above (bullish) its SMA200.

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