Why Has Robert W. Baird Given Four Corners Property Trust (NYSE:FCPT) a $27 Price Target
Robert W. Baird has just issued a “Outperform” rating for Four Corners Property Trust (NYSE:FCPT) shares. The firm began coverage on shares of FCPT in a very recent research note issued to clients and investors on 8 December. This target price per share would now indicate upside of 22.12% from the stock price of Four Corners Property Trust (NYSE:FCPT).
The stock increased 1.98% or $0.43 during the last trading session, striking $22.14. Approximately shares of stock traded hands. Four Corners Property Trust Inc (NYSE:FCPT) has risen 6.00% since November 8, 2015 and is uptrending. It has outperformed by 6.59% 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 $928.44 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).