Brokerage firm Baird Downgrades its rating on Four Corners Property Trust Inc(NYSE:FCPT). The shares have been rated Neutral. Previously, the analysts had a Outperform rating on the shares. The rating by Baird was issued on Jul 12, 2016.
In a different note, Raymond James said it Initiates Coverage on Four Corners Property Trust Inc, according to a research note issued on Apr 22, 2016. The shares have been rated ‘Market Perform’ by the firm.
Several Insider Transactions has been reported to the SEC. On May 27, 2016, Paul E. Szurek (director) purchased 1,202 shares at $19.42 per share price.Also, On Nov 13, 2015, Douglas B Hansen (director) purchased 3,000 shares at $20.40 per share price.On Nov 12, 2015, Marran H. Ogilvie (director) purchased 4,400 shares at $20.55 per share price, according to the Form-4 filing with the securities and exchange commission.
Four Corners Property Trust Inc. is engaged in owning acquiring and leasing properties on a triple-net basis for use in the restaurant industry and other industries. The Company owns approximately 424 restaurant properties. The Company’s properties are located across approximately 44 states in the United States. The Company’s portfolio includes around 300 Olive Garden restaurants 104 LongHorn Steakhouse restaurants 11 Bahama Breeze restaurants two Seasons 52 restaurants one Wildfish Seafood Grille restaurant as well as the six properties that consist of the LongHorn San Antonio Business. The Company acquires properties to lease to restaurant operators on a triple-net basis through sale-leaseback transactions. The Company operates as a dining company. The Company operates around 40 restaurants in the west 41 in the northeast 161 in the southeast 115 in the Midwest and 61 in the south in the United States.