Key Insights:
- Four Corners Property Trust (FCPT, Financial) acquires a new Outback Steakhouse property, enhancing its portfolio.
- Analysts predict a price increase with an average target of $30.29, an upside of 7.24% from current valuation.
- FCPT's current investment indicates a robust capitalization rate of 6.8%, underscoring potential profitability.
Four Corners Property Trust (FCPT) continues to strengthen its real estate portfolio by acquiring an Outback Steakhouse property in Oklahoma. This strategic acquisition, valued at $1.6 million, is secured with a corporate-operated triple net lease, offering stability and potential revenue growth with approximately four years remaining. The deal boasts a promising 6.8% capitalization rate, excluding transaction costs, highlighting its attractive return potential for investors.
Wall Street Analysts Forecast
The outlook for Four Corners Property Trust Inc (FCPT, Financial) shows positive momentum, with seven analysts setting a one-year average price target of $30.29. This average price anticipates an upside of 7.24% from the current trading price of $28.24, with analysts' projections ranging from a high of $33.00 to a low of $28.00. For further insights, investors can refer to the Four Corners Property Trust Inc (FCPT) Forecast page for detailed estimate data.
The consensus from nine brokerage firms suggests an "Outperform" status for FCPT, with an average brokerage recommendation of 2.4 on a scale where 1 indicates a Strong Buy and 5 denotes Sell. This rating reflects confidence in FCPT's strategic direction and potential market performance.
According to GuruFocus estimates, the GF Value for Four Corners Property Trust Inc (FCPT, Financial) within a year is projected to be $28.86, reflecting a modest upside of 2.2% from its current price of $28.24. The GF Value, a measure of the stock's fair trading value, considers historical multiples, past business growth, and future performance forecasts. For comprehensive details, the Four Corners Property Trust Inc (FCPT) Summary page offers in-depth data analysis.
