Barclays lowered the firm’s price target on Four Corners Property Trust (FCPT) to $30 from $31 and keeps an Equal Weight rating on the shares as part of a Q4 earnings preview for the net lease real estate investment trusts. The firm modestly reduced fiscal 2025 estimates in most cases to reflect higher interest rates and a more conservative view on tenant credit.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FCPT:
- Four Corners Property Secures $940M Credit for Growth
- Four Corners Property Trust price target lowered to $30 from $32 at Wells Fargo
- Four Corners Property Trust acquires Burger King property for $1.7M
- Four Corners announces sale leaseback of automotive service property portfolio
- Four Corners Property Trust buys six Christian Brothers Automotive properties