Citizens Upgrades Four Corners Property Trust to Market Outperform, Analyst Price Forecast Suggests 18.79% Upside

Citizens upgraded Four Corners Property Trust (FCPT) from Market Perform to Market Outperform. The average one-year price target is $28.39/share, indicating an 18.79% upside from its latest closing price of $23.90/share. The projected annual revenue is 293MM, a decrease of 0.31%, and the projected annual non-GAAP EPS is 1.14. Institutional ownership has increased by 35.35%, with Victory Capital Management, Vanguard Real Estate Index Fund Investor Shares, and Capital International Investors holding significant stakes.