Zacks Investment Research upgraded Four Corners Property Trust Inc (NYSE:FCPT) to Hold in a report released today.
- Updated: September 30, 2016
Just yesterday Four Corners Property Trust Inc (NYSE:FCPT) traded 0.76% higher at $21.33. Four Corners Property Trust Inc’s 50-day moving average is $20.85 and its 200-day moving average is $19.81. The last stock close price is up 7.69% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Volume of trade was down over the average, with 336,609 shares of FCPT changing hands under the typical 484,633
Zacks Investment Research has upgraded Four Corners Property Trust Inc (NYSE:FCPT) to Hold in a statement released on 9/30/2016.
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 11.16 The company’s market cap is currently $0.
A total of 3 brokers have issued a report on FCPT. 2 firms rating the stock a strong buy, one analyst rating the company a buy, zero equity analysts rating the company a hold, zero brokerages rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $19.83.
Brief Synopsis 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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