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Robert W. Baird Sticks to Their Buy Rating for Four Corners Property (FCPT)

In a report issued on August 1, Wes Golladay from Robert W. Baird maintained a Buy rating on Four Corners Property (FCPTResearch Report), with a price target of $30.00. The company’s shares closed last Tuesday at $28.53.

According to TipRanks.com, Golladay is a 5-star analyst with an average return of 8.1% and a 63.8% success rate. Golladay covers the Financial sector, focusing on stocks such as Alpine Income Property Trust Inc, Retail Opportunity Investments, and National Storage Affiliates.

Four Corners Property has an analyst consensus of Moderate Buy, with a price target consensus of $29.71, implying a 4.2% upside from current levels. In a report issued on August 1, Evercore ISI also maintained a Buy rating on the stock with a $31.00 price target.

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Based on Four Corners Property’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $54.4 million and net profit of $22.26 million. In comparison, last year the company earned 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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