Four Corners Property TrustFCPT
FCPT
About: Four Corners Property Trust Inc is a real estate investment trust predominantly engaged in the ownership, acquisition and leasing of restaurant and retail properties. The company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. The firm operates through two segments namely, real estate operations and restaurant operations. The real estate operations segment consists of rental revenues generated by leasing restaurant and retail properties to tenants. The restaurant operations segment is conducted through a taxable REIT subsidiary (TRS) and consists of Kerrow Restaurant Operating Business. The firm generates majority of the revenue from the real estate operations segment.
Employees: 543
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
197% more call options, than puts
Call options by funds: $644K | Put options by funds: $217K
178% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 18
26% more capital invested
Capital invested by funds: $2.21B [Q2] → $2.79B (+$583M) [Q3]
12% more funds holding
Funds holding: 257 [Q2] → 289 (+32) [Q3]
6.14% more ownership
Funds ownership: 97.09% [Q2] → 103.23% (+6.14%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
1% less repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 90
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$31
12%
upside
Avg. target
$32
15%
upside
High target
$33
19%
upside
3 analyst ratings
2 positive
67%
1 neutral
33%
0 negative
0%
Barclays Richard Hightower 25% 1-year accuracy 2 / 8 met price target | 12%upside $31 | Equal-Weight Initiated | 17 Dec 2024 |
UBS Michael Goldsmith 29% 1-year accuracy 4 / 14 met price target | 19%upside $33 | Buy Initiated | 14 Nov 2024 |
Wells Fargo Heather Bellini 33% 1-year accuracy 1 / 3 met price target | 15%upside $32 | Overweight Assumed | 1 Oct 2024 |
Financial journalist opinion
Based on 17 articles about FCPT published over the past 30 days
Positive
Zacks Investment Research
6 hours ago
FCPT Buys Automotive Service Properties, Boosts Diversification
In a bid to diversify its portfolio, FCPT purchases yet another portfolio of automotive service properties through sale-leaseback.
Neutral
Business Wire
2 days ago
FCPT Announces Sale Leaseback of a Portfolio of Automotive Service Properties From a National Operator for $12 Million
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a portfolio of automotive service properties for $12 million from a national operator via sale-leaseback. The properties are located in strong retail corridors across multiple states. The sites are under long.
Positive
Zacks Investment Research
2 days ago
FCPT Acquires 6 Christian Brothers Automotive Properties for $24.8M
FCPT continues its portfolio diversification efforts and acquires six Christian Brothers Automotive properties through sale-leaseback.
Neutral
Business Wire
3 days ago
FCPT Announces Acquisition via Sale-Leaseback of Six Christian Brothers Automotive Properties for $24.8 Million
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition via sale-leaseback of six Christian Brothers Automotive properties for $24.8 million. The properties are located across Georgia (2), Indiana (2), Florida (1), and Illinois (1). The sites are in strong retail cor.
Neutral
Business Wire
3 days ago
FCPT Announces Acquisition of a National Veterinary Associates Property for $3.5 Million
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a National Veterinary Associates property for $3.5 million. The property is located in Connecticut and is corporate-operated under a new long-term, triple net lease with annual rent bumps. The transaction was.
Positive
Zacks Investment Research
3 days ago
Four Corners Indulges in Another Acquisition to Boost Portfolio
In a row of sequential acquisitions, FCPT adds nine more healthcare properties, broadening its portfolio.
Negative
Seeking Alpha
4 days ago
Powell Plays Grinch
U.S. equity markets tumbled this week while benchmark interest rates jumped to six-month highs after the Fed cut rates for a third-straight meeting but indicated a less-dovish outlook for 2025. Reflecting concern over stubbornly sticky inflation and buoyant economic growth, the FOMC's updated Economic Projections indicate just two rate cuts in 2025, down from four in the prior forecast. Posting its worst week since November, the S&P 500 dipped 2.2%. The Dow shed roughly 1,000 points, while the Small-Cap 600 and the Mid-Cap 400 each tumbled by nearly 5%.
Neutral
Business Wire
5 days ago
FCPT Announces Acquisition of Nine American Family Care Properties for $21.2 Million
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of nine American Family Care properties for $21.2 million. American Family Care is an urgent care, family care, and primary care operator with 384 clinics across 33 states, known for its patient-first approach t.
Positive
Zacks Investment Research
6 days ago
Four Corners Continues Its Acquisition Spree With Multiple Properties
FCPT indulges in numerous strategic acquisitions to materialize its portfolio expansion efforts.
Neutral
Business Wire
6 days ago
FCPT Announces Sale Leaseback of Two Riverview Health Outpatient Primary Care Properties for $13.5 Million
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of two Riverview Health outpatient primary care properties for $13.5 million via sale leaseback. Riverview Health is a non-profit health system that is owned by Hamilton County (Indiana) and is comprised of two.
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