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 6,780 funds
–
Analysts bullish %
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
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$32
12%
upside
Avg. target
$33
13%
upside
High target
$33
15%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
UBS Michael Goldsmith 100% 1-year accuracy 6 / 6 met price target | 15%upside $33 | Buy Initiated | 14 Nov 2024 |
Wells Fargo Heather Bellini 100% 1-year accuracy 3 / 3 met price target | 12%upside $32 | Overweight Assumed | 1 Oct 2024 |
Financial journalist opinion
Based on 8 articles about FCPT published over the past 30 days
Neutral
Zacks Investment Research
3 hours 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
19 hours 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
5 days 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
5 days 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.
Negative
Seeking Alpha
1 week ago
Four Corners Is Overvalued Relative To Peers
Four Corners Property Trust is a well-managed restaurant REIT with strong historical growth, but its current valuation at 16X forward multiple seems driven by market extrapolation. The restaurant industry's tailwinds are turning into headwinds, potentially impacting FCPT's growth and rent collection, despite its robust tenant roster and conservative lease rates. FCPT's debt is well-managed, but rising interest rates could increase interest expenses, slightly dragging on AFFO/share in the coming years.
Positive
Zacks Investment Research
1 week ago
Four Corners Boosts Portfolio With Acquisition of Multiple Properties
FCPT announces the acquisition of a Raising Cane's property, a Dollar General property and a Jiffy Lube property for $6.6 million.
Neutral
Business Wire
1 week ago
FCPT Announces Acquisition of a Raising Cane's Property, a Dollar General Property, and a Jiffy Lube Property for $6.6 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 Raising Cane's property, a Dollar General property, and a Jiffy Lube property for $6.6 million. The properties are located in strong retail corridors in Texas and Florida under long term, triple net leases.
Neutral
Business Wire
3 weeks ago
FCPT Declares Fourth Quarter 2024 Dividend
MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust, Inc. (NYSE: FCPT) today announced that its Board of Directors declared a quarterly cash dividend of $0.3550 per share (equivalent to $1.42 per share per annum) for the fourth quarter of 2024. This represents a 2.9% increase from the prior quarter. The dividend is payable on January 15, 2025, to shareholders of record as of December 31, 2024. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust pri.
Neutral
Business Wire
1 month ago
FCPT Announces Acquisition of a Miller's Ale House Property for $3.8 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 Miller's Ale House property for $3.8 million. The property is located in a strong retail corridor in Georgia and is corporate-operated under a long term, net lease with approximately 11 years of term remain.
Neutral
Business Wire
1 month ago
FCPT Announces Acquisition of Three Christian Brothers Automotive Properties for $9.6 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 three Christian Brothers Automotive properties for $9.6 million. Christian Brothers Automotive is an auto repair business with over 250 locations across 30 states, known for its customer-first approach and co.
Charts implemented using Lightweight Charts™