28-Mar-2024
FCPT announces acquisition of Heartland Dental property for $2M
Seeking Alpha News (Tue, 26-Mar 4:53 PM ET)
FCPT Announces Acquisition of a Heartland Dental Property for $2.0 million
Business Wire (Tue, 26-Mar 4:38 PM ET)
FCPT Announces New $85 Million Term Loan Under Existing Credit Facility
Business Wire (Thu, 14-Mar 4:05 PM ET)
FCPT Declares First Quarter 2024 Dividend
Business Wire (Mon, 11-Mar 4:05 PM ET)
FCPT Announces CFO Transition; Gerry Morgan to Retire as CFO and Patrick Wernig Named as Successor
Business Wire (Thu, 7-Mar 4:05 PM ET)
FCPT Announces Fourth Quarter 2023 Financial and Operating Results
Business Wire (Wed, 14-Feb 4:05 PM ET)
FCPT Announces Acquisition of a Baptist Medical Group Primary Care Property for $9.7 Million
Business Wire (Tue, 13-Feb 7:18 PM ET)
FCPT Announces Tax Treatment of 2023 Distributions
Business Wire (Mon, 22-Jan 4:05 PM ET)
FCPT to Report Fourth Quarter 2023 Financial Results
Business Wire (Mon, 8-Jan 4:05 PM ET)
FCPT Announces Acquisition of Two Oak Street Health Properties for $4.2 Million
Business Wire (Fri, 5-Jan 5:22 PM ET)
Four Corners Property Trust Inc is a real estate investment trust predominantly engaged in the ownership, acquisition and leasing of restaurant and retail properties. The company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. The firm operates through two segments namely, real estate operations and restaurant operations. The real estate operations segment consists of rental revenues generated by leasing restaurant and retail properties to tenants. The restaurant operations segment is conducted through a taxable REIT subsidiary (TRS) and consists of Kerrow Restaurant Operating Business. The firm generates majority of the revenue from the real estate operations segment.
Four Corners Property Trust trades on the NYSE stock market under the symbol FCPT.
As of March 28, 2024, FCPT stock price climbed to $24.47 with 437,784 million shares trading.
FCPT has a beta of 1.02, meaning it tends to be more sensitive to market movements. FCPT has a correlation of 0.38 to the broad based SPY ETF.
FCPT has a market cap of $2.25 billion. This is considered a Mid Cap stock.
In the last 3 years, FCPT stock traded as high as $30.13 and as low as $20.51.
The top ETF exchange traded funds that FCPT belongs to (by Net Assets): IJR, VNQ, VTI, IWM, VXF.
FCPT has underperformed the market in the last year with a return of -0.2%, while the SPY ETF gained +33.6%. In the last 3 month period, FCPT fell short of the market, returning -0.8%, while SPY returned +10.1%. However, in the most recent 2 weeks FCPT has outperformed the stock market by returning +3.6%, while SPY returned +1.7%.
FCPT support price is $23.88 and resistance is $24.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FCPT stock will trade within this expected range on the day.