Why Has Robert W. Baird Given Four Corners Property (NYSE:FCPT) a $27.00 Price Target
In recent note issued to clients on 8 December, Robert W. Baird analyst has today have started coverage for Four Corners Property (NYSE:FCPT) shares with a “Outperform” rating. The target price has been stated as $27.00.
The stock decreased 2.22% or $0.49 during the last trading session, striking $21.62. Approximately 1.28M shares of stock traded hands. Four Corners Property Trust Inc (NYSE:FCPT) has risen 6.00% since November 9, 2015 and is uptrending. It has outperformed by 6.80% the S&P500.
Four Corners Property Trust, Inc. is engaged in owning, acquiring and leasing properties on a triple-net basis for use in the restaurant industry and other industries. The company has a market cap of $945.03 million. The Firm owns approximately 424 restaurant properties. It currently has negative earnings. The Company’s properties are located across approximately 44 states in the United States.
According to Zacks Investment Research, “Four Corners Property Trust, Inc. is involved in the acquisition and leasing of restaurant locations. Four Corners is headquartered in Mill Valley, CA.” Get a free copy of the Zacks research report on Four Corners Property Trust Inc (FCPT).