Four Corners Property Trust Inc (FCPT) Downgraded by Wells Fargo
Wells Fargo downgraded Four Corners Property Trust Inc (FCPT) to Equal-Weight from Overweight.
Four Corners Property Trust, Inc. engages in the owning, acquisition, and leasing of properties for use in the restaurant and food-service related industries. The company is headquartered in Mill Valley, California and currently employs 536 full-time employees. The company went IPO on 2015-10-29. The firm'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.
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Last Updated: Dec 12, 2025, 12:08 AM · Source: Finnhub.io
Wells Fargo downgraded Four Corners Property Trust Inc (FCPT) to Equal-Weight from Overweight.
Four Corners Property Trust Inc (FCPT) announces a $0.37 dividend per share, reflecting a 3.2% increase from the previous payout.