Four Corners Property (FCPT) Gets a Buy Rating from Robert W. Baird
Robert W. Baird analyst Wes Golladay maintained a Buy rating on Four Corners Property (FCPT) on February 22 and set a price target of $31.00. The company’s shares closed last Tuesday at $27.78.
According to TipRanks.com, Golladay is a 4-star analyst with an average return of 8.1% and a 64.8% success rate. Golladay covers the Financial sector, focusing on stocks such as Alpine Income Property Trust Inc, National Retail Properties, and Spirit Realty Capital.
Currently, the analyst consensus on Four Corners Property is a Moderate Buy with an average price target of $31.00, an 11.0% upside from current levels. In a report issued on February 17, Raymond James also reiterated a Buy rating on the stock.
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Four Corners Property’s market cap is currently $2.11B and has a P/E ratio of 24.70. The company has a Price to Book ratio of 3.00.
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Four Corners Property Trust, Inc. engages in the owning, acquisition, and leasing of properties for use in the restaurant and food-service related industries. It operates through the Real Estate Operations and Restaurant Operations segments. The Real Estate Operations segment consists of rental revenues generated by leasing restaurant properties. The Restaurant Operations segment comprises of Kerrow Restaurant operating business. The company was founded on July 2, 2015 and is headquartered in Mill Valley, CA.