Four Corners Property Trust Inc (NYSE:FCPT) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 17, 2016
Zacks Investment Research has upgraded Four Corners Property Trust Inc(NYSE:FCPT) to Hold in a report released on 8/18/2016.
Having a price of $20.76, Four Corners Property Trust Inc (NYSE:FCPT) traded 0.25% higher on the day. The last stock close is up 2.49% relative to the 200-day moving average, compared to the S&P 500 Index which has decreased -0.01% over the date range. The company has logged a 50-day moving average of $21.08 and 200-day average of $19.52. Volume of trade was was up over the average, with 1,178,518 shares of FCPT changing hands over the typical 689,461 shares.
Four Corners Property Trust Inc has a price-earnings of 10 with a one-year low of $14.09 and a 52 week high of $24.44 and has a total market value of $0.0.
Also covering Four Corners Property Trust Inc’s target price, a total of 3 analysts have issued a ratings update on FCPT. The average target is $19.83 with two analysts rating the stock a strong buy, one firm rating the stock a buy, 0 analysts rating the stock a hold, 0 rating the stock to underperform, and finally 0 firmsrating the company as sell.
General Company Details For 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 and approximately three are owned by Kerrow.
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