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J.P. Morgan Reaffirms Their Hold Rating on Four Corners Property (FCPT)

J.P. Morgan analyst Anthony Paolone maintained a Hold rating on Four Corners Property (FCPTResearch Report) on August 3 and set a price target of $30.00. The company’s shares closed last Thursday at $28.45.

According to TipRanks.com, Paolone is a 5-star analyst with an average return of 7.8% and a 61.1% success rate. Paolone covers the Financial sector, focusing on stocks such as Washington Real Estate Investment, Corporate Office Properties, and Spirit Realty Capital.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Four Corners Property with a $30.00 average price target, representing a 6.5% upside. In a report issued on August 1, Janney Montgomery also downgraded the stock to Hold with a $30.00 price target.

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Four Corners Property’s market cap is currently $2.29B and has a P/E ratio of 23.61.

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Four Corners Property Trust, Inc. engages in the owning, acquisition, and leasing of properties for use in the restaurant and food-service related industries. It operates through the Real Estate Operations and Restaurant Operations segments. The Real Estate Operations segment consists of rental revenues generated by leasing restaurant properties. The Restaurant Operations segment comprises of Kerrow Restaurant operating business. The company was founded on July 2, 2015 and is headquartered in Mill Valley, CA.

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