Four Corners Property Trust
FCPT
Market cap $2.59B

26.78 USD

+0.52

1.98%

At close Jan 13, 4:00 PM EST

After hours

26.78

+0.00

0.00%

1 day

1.98%

5 days

-1.62%

1 month

-6.79%

3 months

-7.01%

6 months

2.96%

Year to date

-0.11%

1 year

8.77%

5 years

-4.15%

10 years

109.71%

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

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,814 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

213% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 16

197% more call options, than puts

Call options by funds: $644K | Put options by funds: $217K

26% more capital invested

Capital invested by funds: $2.21B [Q2] → $2.8B (+$586M) [Q3]

12% more funds holding

Funds holding: 257 [Q2] → 289 (+32) [Q3]

6.19% more ownership

Funds ownership: 97.47% [Q2] → 103.66% (+6.19%) [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

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Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$31

16%

upside

Avg. target

$32

19%

upside

High target

$33

23%

upside

2 analyst ratings

1 positive

50%

1 neutral

50%

0 negative

0%

Barclays Richard Hightower 22% 1-year accuracy 2 / 9 met price target	16%upside $31	Equal-Weight Initiated	17 Dec 2024
UBS Michael Goldsmith 21% 1-year accuracy 3 / 14 met price target	23%upside $33	Buy Initiated	14 Nov 2024

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Financial journalist opinion

Based on 16 articles about FCPT published over the past 30 days

Zacks Investment Research

Four Corners Property Trust Hits $265 Million in 2024 Acquisitions

FCPT's latest acquisition marks the culmination of a robust year, bringing the total real estate acquisitions in 2024 to 87 properties.

Four Corners Property Trust Hits $265 Million in 2024 Acquisitions

REITs Remain On Naughty List

U.S. equity markets rebounded after their worst week since November, while interest rates swelled to fresh seven-month highs as investors parsed data showing relatively strong retail and travel demand trends. Recovering from a slide of over 2% last week, the S&P 500 advanced 0.7%, lifting its year-to-date gains to over 26%. The Nasdaq 100 extended its 2024 gains to 28%. Real estate equities underperformed again following punishing declines last week on the heels of the Fed's hawkish pivot, and remain significant laggards for a second-straight year with muted 4% gains.

REITs Remain On Naughty List

FCPT Announces Acquisition of a Burger King Property for $1.7 Million and Total 2024 Acquisition Volume of $265 Million

MILL VALLEY, Calif.--(BUSINESS WIRE)--FCPT Announces Acquisition of a Burger King Property for $1.7 Million and Total 2024 Acquisition Volume of $265 Million.

FCPT Announces Acquisition of a Burger King Property for $1.7 Million and Total 2024 Acquisition Volume of $265 Million

Zacks Investment Research

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.

FCPT Buys Automotive Service Properties, Boosts Diversification

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.

FCPT Announces Sale Leaseback of a Portfolio of Automotive Service Properties From a National Operator for $12 Million

Zacks Investment Research

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.

FCPT Acquires 6 Christian Brothers Automotive Properties for $24.8M

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.

FCPT Announces Acquisition via Sale-Leaseback of Six Christian Brothers Automotive Properties for $24.8 Million

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.

FCPT Announces Acquisition of a National Veterinary Associates Property for $3.5 Million

Zacks Investment Research

Four Corners Indulges in Another Acquisition to Boost Portfolio

In a row of sequential acquisitions, FCPT adds nine more healthcare properties, broadening its portfolio.

Four Corners Indulges in Another Acquisition to Boost Portfolio

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%.

Powell Plays Grinch

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