28.74 +0.01 (0.03%)
After hours: 4:10PM EDT
|Bid||28.67 x 800|
|Ask||28.68 x 900|
|Day's Range||28.30 - 28.82|
|52 Week Range||22.83 - 29.85|
|Beta (3Y Monthly)||0.34|
|PE Ratio (TTM)||22.59|
|Earnings Date||Jul 23, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||1.15 (4.04%)|
|1y Target Est||30.00|
Four Corners Property Trust (FCPT), a real estate investment trust engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Carrabba’s Italian Grill property for $2.2 million. Carrabba’s has 226 domestic locations (as of March 31, 2019), and is a subsidiary of Bloomin’ Brands (BLMN), which is also the owner of the Outback Steakhouse, Bonefish Grill and Fleming’s Steakhouse brands. FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.
There's a reason why Canopy Growth Corporation (NYSE:CGC) could be one of the first marijuana stocks to be a real winner in the race to profitability. The reason is simply that Canopy is forward thinking with its various moves. Initiatives like its mega-sized deal with beverage giant Constellation Brands (NYSE:STZ), partnerships into the burgeoning pet care market for CBD and its recent buyout of U.S.-focused Acreage Holdings have made CGC stock the king of the marijuana hill.Source: Shutterstock All have been designed to take CGC-grown products and get them into as many users as possible. They're also great for providing Canopy with plenty of extra funding. Which is why its latest move may be absolutely perfect for investors.Canopy is seriously considering placing its greenhouse assets into a real estate investment trust (REIT).InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe benefits to doing that could be a huge win for both CGC, its shareholders and potentially the shareholders of the REIT itself. In the end, it's just another example of how Canopy Growth could be the only marijuana stock you need to own. CGC Stock Looks to Monetize Its AssetsThanks to their vice-like nature, cannabis companies have had to get creative to when it comes to raising capital. Most banks won't lend to them and it's only recently that a few of them have been able to tap the debt markets with any success. And here, none have issued a straight corporate bond, they've all been convertible or hybrid debt deals. For Canopy, this has meant running a pretty conservative ship with low leverage and high assets on its balance sheet. * 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever In order to fund its expansion efforts, it has turned to deals like its partnership with STZ. That gave CGC a cool $4 billion to play with, while Constellation gets access to Canopy's products for sale. But there are other ways to get needed funding, especially if you are asset rich.To that end, CGC may be looking into a vehicle to hold its vast portfolio of greenhouses, processing facilities and other real estate assets. We're talking about a REIT.In essence, REITs are a specialized tax structure designed to hold real estate assets. As long as they pay out 90% of their cash flows as dividends to investors, they are allowed to avoid the double taxation on dividends. Investors love them as this tax structure allows REITs to yield in the 4% to 7% range. Their cash flows are secured by the rents paid by their tenants. It turns out a greenhouse to grow marijuana is really no different than an office building or apartment. Someone rents the building and then cuts the landlord a check every month.For CGC, this could be a great way to monetize its more than 5 million square feet of growing space. Canopy would mostly do a sale-leaseback transaction. This transaction would provide Canopy a huge initial cash infusion as it places these warehouses into a REIT and sells off the shares to the public. It would then rent its warehouses back from the REIT.This sort of deal to monetize a firm's vast real estate assets is actually pretty commonplace. Troubled retailer Sears spun-out its holdings as Seritage Growth Properties (NYSE:SRG) to raise cash. Darden Restaurants (NYSE:DRI) placed roughly 240 of its restaurant sites Four Corners Properties Trust (NASDAQ:FCPT).And while tax-free REIT spin-offs are now verboten by the IRS, they can happen in Canada and sale-leasebacks are still cool here in the U.S. In fact, CGC buyout target Acreage Holdings recently agreed to sell cannabis REIT GreenAcerage Real Estate. Incidentally, Acreage -- and now Canopy -- owns a 20% stake in GreenAcerage. CGC Stock Investors Would Win As WellBut it's not just Canopy Growth that benefits in this sort of transaction. Investors will benefit as well.For one thing, a REIT spin-off/sale brings in plenty of cash to CGC for expansion efforts. The firm estimates that the assets could be worth a "couple billion dollars." Canopy is looking to expand into the U.S. and Europe as the legalization of cannabis comes to fruition. That includes building out at least seven hemp processing facilities within the next 12 months. This will allow it to build scale, expand geographically and actually make the most out of its deals with Constellation and others. After all, it needs to the pot to sell. * 7 U.S. Stocks to Buy With Limited Trade War Exposure Secondly, the spinout itself could be very beneficial to investors. Last summer, CGC completed the spin-off of its venture capital investment arm: Canopy Rivers Corporation. That spin-off has and did very well after being cut free and CGC was able to raise some much-needed capital. However, a Canopy REIT could do much better. Just look at the returns for cannabis-REIT Innovative Industrial Properties Inc (NYSE:IIPR). It has doubled since the start of the year and pays a good 1.83% yield. There's no reason to believe that a REIT by the marijuana stock wouldn't have those kinds of returns behind it. CGC Continues to Be At the ForefrontNow, Canopy hasn't officially announced that it's doing this, but it has mentioned it now twice this year alone. And considering that Acreage Holdings has already undergone a similar transaction and Canopy has done spin-outs before, there's a good chance that CGC will do this sooner than later. When it does, it'll be another prime example of why the firm is one of the best in the marijuana sector.It keeps making forward-looking moves that will benefit investors for years to come. Its REIT plans are just another example of this and CGC stock remains a great long-term buy.At the time of writing, Aaron Levitt did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post This Is Why a REIT Could Be Great for Canopy Growth Stock appeared first on InvestorPlace.
Four Corners Property Trust, Inc. (FCPT) today announced that its Board of Directors declared a quarterly cash dividend of $0.2875 per share (equivalent to $1.15 per share per annum) for the second quarter of 2019. FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. FCPT will seek to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and related food services industry.
In March 2019, Four Corners Property Trust, Inc. (NYSE:FCPT) released its earnings update. Generally, analyst...
Four Corners Property Trust Inc NYSE:FCPTView full report here! Summary * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is low for FCPT with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold FCPT had net inflows of $1.25 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Four Corners Property Trust (FCPT), a real estate investment trust engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Carl’s Jr. property for $0.9 million. The property is an outparcel to a mall located in Logan, Utah and is leased to the corporate tenant under a triple net lease with approximately 5 years of term remaining. FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.
Four Corners Property Trust , a real estate investment trust engaged in the ownership of high-quality, net-leased restaurant properties , is pleased to announce the acquisition of five Red Lobster restaurant properties in Illinois, Michigan, Ohio, Pennsylvania and South Carolina for $18.5 million.
Four Corners Property Trust (FCPT), a real estate investment trust engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Panera Bread property for $2.3 million. The property is located in Illinois and is leased to the corporate operator under a double-net lease with approximately 3 years of term remaining. FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.
Could Four Corners Property Trust, Inc. (NYSE:FCPT) be an attractive dividend share to own for the long haul...
Four Corners Property Trust (FCPT), a real estate investment trust engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Texas Roadhouse property, an Olive Garden property, and an Arby’s property for an aggregate amount of $4.9 million. FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.
Is Four Corners Property Trust, Inc. (NYSE:FCPT) a good equity to bet on right now? We like to check what the smart money thinks first before doing extensive research. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after adjusting for […]
The Mill Valley, California-based real estate investment trust said it had funds from operations of $23.3 million, or 34 cents per share, in the period. The average estimate of three analysts surveyed ...
Four Corners Property Trust, Inc. today announced financial results for the three months ended March 31, 2019.
Four Corners Property Trust , a real estate investment trust engaged in the ownership of high-quality, net-leased restaurant properties , is pleased to announce the acquisition of a LongHorn Steakhouse property and an IHOP property for $2.6 million.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. We'll use ROE to examine Four...
Closing of the remaining properties is expected to be completed throughout the remainder of 2019 based on the timing of parcelization of each respective property, subject to remaining due diligence and customary closing conditions. Additional detail on all properties acquired from WPG will be disclosed upon the closing of each of the additional properties. FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.
Does Four Corners Property Trust (FCPT) have what it takes to be a top stock pick for momentum investors? Let's find out.
Dozens of exchange traded funds are dedicated to real estate investment trusts, including some new kids on the block. One of the overlooked corners of the real estate market, at least in the ETF world, is the net lease REIT space. The new NetLease Corporate Real Estate ETF (NYSE: NETL), which debuted Friday, is bringing net lease REIT investing to a broader swath of investors.