Four Corners Property ( (FCPT) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Four Corners Property Trust Inc. (FCPT) is experiencing stock price fluctuations due to market volatility, even as the company reports strong financial performance. Despite exceeding Q4 expectations with an AFFO of 44 cents per share, surpassing the consensus of 42 cents, analysts at Barclays have maintained a Hold rating and adjusted the price target from $31 to $30. This revised outlook comes as a result of cautious market conditions, despite FCPT’s robust acquisition strategy and disciplined capital management, which includes a recent $4.9 million purchase of an automotive service property.
More about Four Corners Property
YTD Price Performance: 3.51%
Average Trading Volume: 588,547
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.68B
For further insights into FCPT stock on TipRanks’ Stock Analysis page.
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