Zacks Investment Research upgraded Four Corners Property Trust Inc (NYSE:FCPT) to Hold in a report released today.
- Updated: September 23, 2016
Zacks Investment Research has upgraded Four Corners Property Trust Inc (NYSE:FCPT) to Hold in a report released on Friday September 23, 2016.
Yesterday Four Corners Property Trust Inc (NYSE:FCPT) traded 0.42% higher at $21.53. The company’s 50-day moving average is $20.89 and its 200-day moving average is $19.68. The last stock close price is up 9.37% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 329,706 shares of the stock were exchanged, down from an average trading volume of 639,439
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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 11.26 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target, a total of 3 equity analysts have issued a research note on the company. The average price target is $19.83 with 2 brokerages rating the stock a strong buy, one equity analyst rating the stock a buy, 0 firms rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 analysts rating the company a 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 approximately three are owned by Kerrow.
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