|Bid||15.68 x 800|
|Ask||30.40 x 800|
|Day's Range||26.70 - 27.34|
|52 Week Range||20.39 - 30.42|
|Beta (5Y Monthly)||0.89|
|PE Ratio (TTM)||25.28|
|Earnings Date||Jul 27, 2021 - Aug 02, 2021|
|Forward Dividend & Yield||1.27 (4.65%)|
|Ex-Dividend Date||Mar 30, 2021|
|1y Target Est||32.80|
President Joe Biden said today that April's lower-than-expected job growth reveals that the U.S. economy is still struggling to recover from the pandemic, CNBC reports, and that his massive infrastructure and family support bills are needed now more than ever. The Millionacres takeaway: Biden rejected the idea that federal unemployment benefits are removing incentives for people to return to the labor force. Others disagree: The governors of Montana and South Carolina are moving to end federal pandemic unemployment benefits in their states.
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties ("FCPT" or the "Company"), is pleased to announce the acquisition of six NTB (National Tire and Battery) branded properties for $11.6 million. The properties are located in highly trafficked retail corridors in Mississippi and Ohio and are corporate-operated under triple net leases with approximately three years of weighted average term remaining. The portfolio was priced at a 7.6% capitalization rate, exclusive of transaction costs.
You may not have heard of Four Corners Property Trust (NYSE: FCPT), but you may well have dined at one of its properties. This Mill Valley, California-based real estate investment trust (REIT) is the landlord for 810 locations of brand names like Arby’s, owned by Wendy's (NASDAQ: WEN); Chili’s, owned by Brinker International (NYSE: EAT); Olive Garden and Longhorn Steakhouse, both owned by Darden Restaurant Group (NYSE: DRI); Burger King, owned by Restaurant Brands International (NYSE: QSR); Buffalo Wild Wings; and Taco Bell and KFC, both owned by Yum!