FCPT Acquires Baptist Health Property for $4.7 Million
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Updated: 7 minutes ago0mins
- Acquisition Transaction: FCPT has acquired a newly constructed Baptist Health property in Alabama for $4.7 million, strategically located in a strong retail corridor, which is expected to enhance the company's asset portfolio.
- Long-Term Lease: The property is corporate-operated under a long-term net lease with approximately ten years remaining, providing FCPT with stable cash flow and revenue assurance.
- Cap Rate Analysis: The transaction was priced at a 6.8% cap rate based on rent as of the closing date, indicating the investment return potential of the property.
- Strategic Expansion: This acquisition further solidifies FCPT's position in the restaurant and retail property market, reflecting the company's ongoing pursuit of high-quality assets aimed at driving future growth.
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Analyst Views on FCPT
Wall Street analysts forecast FCPT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FCPT is 29.75 USD with a low forecast of 29.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
2 Buy
2 Hold
0 Sell
Moderate Buy
Current: 23.360
Low
29.00
Averages
29.75
High
30.00
Current: 23.360
Low
29.00
Averages
29.75
High
30.00
Wells Fargo
Equal Weight
downgrade
$27 -> $25
2025-11-25
Reason
Wells Fargo
Price Target
$27 -> $25
2025-11-25
downgrade
Equal Weight
Reason
Wells Fargo lowered the firm's price target on Four Corners Property Trust to $25 from $27 and keeps an Equal Weight rating on the shares. The firm says that despite a few high-profile exceptions, most REITs delivered Q3 2025 earnings and outlooks reflecting healthy operating conditions despite macro and labor market concerns.
Baird
Wesley Golladay
Outperform -> NULL
downgrade
$30 -> $29
2025-10-29
Reason
Baird
Wesley Golladay
Price Target
$30 -> $29
2025-10-29
downgrade
Outperform -> NULL
Reason
Baird analyst Wesley Golladay lowered the firm's price target on Four Corners Property Trust to $29 from $30 and keeps an Outperform rating on the shares. The firm updated its model following inline Q3 results. Baird trimmed its estimates on the higher cost of equity.
Barclays
Equal Weight
downgrade
$29 -> $28
2025-10-20
Reason
Barclays
Price Target
$29 -> $28
2025-10-20
downgrade
Equal Weight
Reason
Barclays lowered the firm's price target on Four Corners Property Trust to $28 from $29 and keeps an Equal Weight rating on the shares. The firm updated net lease models ahead of the Q3 reports.
Wells Fargo
John Kilichowski
Overweight -> Equal Weight
downgrade
$29 -> $27
2025-09-11
Reason
Wells Fargo
John Kilichowski
Price Target
$29 -> $27
2025-09-11
downgrade
Overweight -> Equal Weight
Reason
Wells Fargo analyst John Kilichowski downgraded Four Corners Property Trust to Equal Weight from Overweight with a price target of $27, down from $29.
See All Ratings
About FCPT
Four Corners Property Trust, Inc. is a real estate investment trust (REIT), which owns, acquires and leases properties for use in the restaurant and retail industries. The Company's segments are real estate operations and restaurant operations. Its real estate operations segment consists of rental revenues primarily generated by leasing restaurant properties to tenants through net lease arrangements under which the tenant is primarily responsible for ongoing costs relating to the properties. Its restaurant operations segment is conducted through a taxable REIT subsidiary and consists of its Kerrow Restaurant Operating Business. The Kerrow Restaurant Operating Business consists of seven LongHorn Steakhouse restaurants located in the San Antonio, Texas area. Its properties are located in Florida, Texas, Georgia, Ohio, Illinois, Indiana, Michigan, Pennsylvania, Wisconsin, Alabama, Minnesota, Arkansas, Louisiana, New York, Arizona, Nevada, Mississippi, and Colorado, among others.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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