- Four Corners Property Trust (FCPT, Financial) expands its portfolio with a strategic acquisition of a Caribou Coffee location for $1.4 million.
- Market analysts predict an average price target of $30.29 for FCPT, hinting at potential growth.
- FCPT receives an "Outperform" rating from brokerage firms, with a GF Value suggesting a moderate upside.
Four Corners Property Trust (FCPT) has strategically expanded its real estate portfolio by acquiring a Caribou Coffee location for $1.4 million. This investment was made at a capitalization rate of 7.1%. Notably, Caribou Coffee is a part of Panera Brands, which is managed under JAB Holding Company.
Wall Street Analysts Forecast
Investment analysts have offered valuable insights into the future prospects of Four Corners Property Trust Inc (FCPT, Financial). Based on predictions from seven experts, the average one-year price target is set at $30.29. This figure represents a potential upside of 8.71% from FCPT's current stock price of $27.86. Target estimates vary, with the highest at $33.00 and the lowest at $28.00. For a comprehensive breakdown, please visit the Four Corners Property Trust Inc (FCPT) Forecast page.
Furthermore, FCPT has received an average brokerage recommendation of 2.4, based on consensus from nine brokerage firms. This score denotes an "Outperform" status, reflecting positive investor sentiment. The rating system ranges from 1 (Strong Buy) to 5 (Sell), indicating a generally favorable outlook for FCPT.
According to GuruFocus' proprietary metrics, the estimated GF Value for FCPT in one year is $28.86. This estimate suggests a potential upside of 3.59% from the current price of $27.86. The GF Value is calculated considering historical trading multiples, past business growth, and future performance projections. To explore more detailed information, visit the Four Corners Property Trust Inc (FCPT, Financial) Summary page.
