Four Corners Property Trust Inc (NYSE:FCPT) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 16, 2016
Zacks Investment Research has upgraded Four Corners Property Trust Inc (NYSE:FCPT) to Hold in a statement released on 10/11/2016.
Boasting a price of $20.12, Four Corners Property Trust Inc (NYSE:FCPT) traded -0.39% lower on the day. With the last stock price close up 2.43% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. The company has recorded a 50-day moving average of $20.67 and a 200-day moving average of $19.97. 362,350 shares of the stock were exchanged, down from an average trading volume of 431,600
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Four Corners Property Trust Inc has a 52 week low of $14.09 and a 52 week high of $24.44 with a P/E ratio of 10.70 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 3 firms have issued a report on the stock. The consensus target price is $19.83 with 2 firms rating the stock a strong buy, 1 firm rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information About Four Corners Property Trust Inc (NYSE:FCPT)
Four Corners Property Trust, Inc. is a self-administered company, which is engaged in the ownership, acquisition and leasing of restaurant properties. The Company's business is conducted through its subsidiaries, Four Corners Operating Partnership, LP (Four Corners OP) and Four Corners GP, LLC (Four Corners GP). It operates through two segments: real estate operations and restaurant operations. It owns over 424 properties in the United States. Of these properties, 418 are held for investment. These 418 properties have an aggregate leasable area of approximately 3,287,000 square feet, which are located in over 44 states. The remaining six properties are operated by the Kerrow Restaurant Operating Business as LongHorn Steakhouses. Of approximately six LongHorn SteakHouse restaurant properties located in the San Antonio area, over three properties are leased to its subsidiary, Kerrow Holdings, LLC (together with its subsidiaries Kerrow), and approximately three are owned by Kerrow.
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