JMP Securities initiated coverage on Four Corners Property Trust
$FCPT
Real Estate Investment Trusts
Real Estate
JMP Securities initiated coverage of Four Corners Property Trust with a rating of Mkt Perform
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/17/2024 | $31.00 | Equal Weight | Barclays |
| 11/14/2024 | $33.00 | Buy | UBS |
| 7/8/2024 | Mkt Perform | JMP Securities | |
| 9/21/2023 | $28.00 | Overweight | Wells Fargo |
| 11/21/2022 | $28.00 | Outperform → In-line | Evercore ISI |
| 9/13/2022 | $31.00 | Outperform | Evercore ISI |
| 8/2/2022 | $31.00 → $30.00 | Buy → Hold | Berenberg |
| 8/1/2022 | $30.00 | Buy → Neutral | Janney |
Barclays initiated coverage of Four Corners Property Trust with a rating of Equal Weight and set a new price target of $31.00
UBS initiated coverage of Four Corners Property Trust with a rating of Buy and set a new price target of $33.00
JMP Securities initiated coverage of Four Corners Property Trust with a rating of Mkt Perform
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties ("FCPT" or the "Company"), is pleased to announce the acquisition of a BJ's Restaurant and Brewhouse property and a LongHorn Steakhouse property for $4.8 million from Brookfield Properties. The properties are located in a strong retail corridor in Pennsylvania and are corporate-operated under triple net leases with a blended eight years of term. This transaction was priced at a capitalization rate consistent with previous FCPT transactions. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primaril
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of an Ethos Veterinary Health property for $3.7 million. Ethos Veterinary Health is a network of over 140 specialty and emergency veterinary hospitals across North America. The property is located in a strong retail corridor in New York and is corporate-operated under a triple net lease with approximately five years of term remaining. The transaction was priced at a 7.5% cap rate on rent as of the closing date and exclusive of transaction costs.
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of six Novant Health Urgent Care properties for $12.0 million. The properties are located in highly trafficked corridors in South Carolina and are corporate operated under long-term, triple net leases. The transaction was priced at a cap rate in range with previous FCPT transactions. Novant Health is an integrated network of more than 900 locations, including 19 hospitals, more than 750 physician clinics and urgent care centers, outpatient fac
4 - Four Corners Property Trust, Inc. (0001650132) (Issuer)
4 - Four Corners Property Trust, Inc. (0001650132) (Issuer)
4 - Four Corners Property Trust, Inc. (0001650132) (Issuer)
144 - Four Corners Property Trust, Inc. (0001650132) (Subject)
8-K - Four Corners Property Trust, Inc. (0001650132) (Filer)
SCHEDULE 13G/A - Four Corners Property Trust, Inc. (0001650132) (Subject)
4 - Four Corners Property Trust, Inc. (0001650132) (Issuer)
4 - Four Corners Property Trust, Inc. (0001650132) (Issuer)
4 - Four Corners Property Trust, Inc. (0001650132) (Issuer)
SC 13G/A - Four Corners Property Trust, Inc. (0001650132) (Subject)
SC 13G/A - Four Corners Property Trust, Inc. (0001650132) (Subject)
SC 13G/A - Four Corners Property Trust, Inc. (0001650132) (Subject)
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties ("FCPT" or the "Company"), is pleased to announce the acquisition of a BJ's Restaurant and Brewhouse property and a LongHorn Steakhouse property for $4.8 million from Brookfield Properties. The properties are located in a strong retail corridor in Pennsylvania and are corporate-operated under triple net leases with a blended eight years of term. This transaction was priced at a capitalization rate consistent with previous FCPT transactions. About FCPT FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primaril
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of an Ethos Veterinary Health property for $3.7 million. Ethos Veterinary Health is a network of over 140 specialty and emergency veterinary hospitals across North America. The property is located in a strong retail corridor in New York and is corporate-operated under a triple net lease with approximately five years of term remaining. The transaction was priced at a 7.5% cap rate on rent as of the closing date and exclusive of transaction costs.
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the acquisition of six Novant Health Urgent Care properties for $12.0 million. The properties are located in highly trafficked corridors in South Carolina and are corporate operated under long-term, triple net leases. The transaction was priced at a cap rate in range with previous FCPT transactions. Novant Health is an integrated network of more than 900 locations, including 19 hospitals, more than 750 physician clinics and urgent care centers, outpatient fac
In its March 6, 2025 announcement, Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), disclosed that John S. Moody would not stand for re-election to the Board of Directors of the Company (the "Board") at the 2025 Annual Meeting of Stockholders (the "2025 Annual Meeting") and Douglas B. Hansen would succeed Mr. Moody as Chair of the Board pending his re-election at the 2025 Annual Meeting. On June 5, 2025, Mr. Hansen was re-elected to the Board and appointed as Chair, effective immediately. Bill Lenehan, Chief Executive Officer of
BRADENTON, Fla., Aug. 22, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ:FWRG) ("First Watch" or the "Company"), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announced the appointment of Charles Jemley to its Board of Directors and as Chair of the Audit Committee effective immediately and the appointment of Michael Fleisher to its Board of Directors effective November 1, 2024. "We are pleased to welcome Charley and Michael to our Board of Directors, and we look forward to leaning on their extensive financial management expertise as we continue to scale the First Watch brand," said Ralph Alvarez, Chairman of the Board of Directors of Fi
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), announced today that it plans to promote Patrick Wernig, Managing Director of Acquisitions, to Chief Financial Officer subject to his appointment by the Board of Directors (the "Board"). Mr. Wernig, following a transitional period and subject to his appointment by the Board, will succeed Gerry Morgan as Chief Financial Officer subsequent to the release of the Company's financial results for the quarter ending March 31, 2024. Mr. Morgan will retire effective May 3, 2024, and assume an interim advis