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Raymond James Reaffirms Their Buy Rating on Four Corners Property (FCPT)

In a report released today, RJ Milligan from Raymond James maintained a Buy rating on Four Corners Property (FCPTResearch Report), with a price target of $30.00. The company’s shares opened today at $26.39.

Milligan covers the Financial sector, focusing on stocks such as CTO Realty Growth, National Retail Properties, and Realty Income. According to TipRanks, Milligan has an average return of 11.5% and a 67.71% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Four Corners Property with a $29.57 average price target.

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Based on Four Corners Property’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $55.43 million and a net profit of $28.13 million. In comparison, last year the company earned a revenue of $49.27 million and had a net profit of $20.14 million

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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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