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
14%
upside
Avg. target
$32
18%
upside
High target
$33
22%
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 | 14%upside $31 | Equal-Weight Initiated | 17 Dec 2024 |
UBS Michael Goldsmith 29% 1-year accuracy 4 / 14 met price target | 22%upside $33 | Buy Initiated | 14 Nov 2024 |
Wells Fargo Heather Bellini 67% 1-year accuracy 2 / 3 met price target | 18%upside $32 | Overweight Assumed | 1 Oct 2024 |
Financial journalist opinion
Based on 10 articles about FCPT published over the past 30 days
Neutral
Business Wire
1 day 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
1 day 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
2 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.
Neutral
Business Wire
2 days ago
FCPT Announces Acquisition of a MercyOne Outpatient Clinic Property for $2.8 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 of a MercyOne outpatient clinic property for $2.8 million. The property is located in a strong retail corridor in Iowa and is under a triple net lease with approximately five years of term remaining. The transac.
Neutral
Business Wire
2 days ago
FCPT Announces Acquisition of a P.F. Chang's Property for $4.8 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 of a P.F. Chang's property for $4.8 million. P.F. Chang's China Bistro is an American-based, casual dining restaurant chain with over 200 locations across the United States, serving Asian fusion cuisine. The pro.
Neutral
Business Wire
4 days ago
FCPT Announces Acquisition of a City Barbeque Property for $2.6 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 City Barbeque property for $2.6 million. City Barbeque is a 25-year-old fast casual barbeque concept with approximately 75 units primarily serving the Southeast and Midwest. The property is newly constructe.
Neutral
Zacks Investment Research
2 weeks ago
Four Corners Continues Its Acquisition Spree With a NAPA Property
FCPT announces the acquisition of NAPA Auto Parts Property for $2.0 million.
Neutral
Business Wire
2 weeks ago
FCPT Announces Acquisition of a NAPA Auto Parts Property for $2.0 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 NAPA Auto Parts property for $2.0 million. The property is located in a highly trafficked corridor in New York and is under a corporate, triple net lease with approximately 5 years of term remaining. The tr.
Positive
Zacks Investment Research
3 weeks ago
Four Corners Boosts Growth With Acquisition of Portfolio for $19.7M
FCPT moves ahead with smart acquisitions, mitigating risks and fueling steady growth in an ever-changing market.
Neutral
Business Wire
3 weeks ago
FCPT Announces Acquisition of Five Outback Steakhouse Properties for $19.7 Million from a Repeat Seller
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 five Outback Steakhouse properties for $19.7 million from the same Seller as that of the Bloomin' Brands 19-property portfolio the Company closed in August 2024. The properties are located in strong retail co.
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