FCPT Stock Summary and Trading Ideas (Four Corners Property Trust | NYSE:FCPT)

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 April 18, 2024, FCPT stock price climbed to $22.66 with 785,744 million shares trading.

FCPT has a beta of 1.01, meaning it tends to be more sensitive to market movements. FCPT has a correlation of 0.37 to the broad based SPY ETF.

FCPT has a market cap of $2.08 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 -8.3%, while the SPY ETF gained +22.3%. In the last 3 month period, FCPT fell short of the market, returning -5.1%, while SPY returned +6.1%. However, in the most recent 2 weeks FCPT has outperformed the stock market by returning -3.7%, while SPY returned -3.8%.

FCPT support price is $22.25 and resistance is $22.89 (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.