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Hot Stocks
Four Corners Property Trust acquires Caliber Collision portfolio for $7.2M » 18:26
09/21/21
09/21
18:26
09/21/21
18:26
FCPT

Four Corners Property Trust

$27.23 /

-0.11 (-0.40%)

Four Corners Property…

Four Corners Property Trust announced the acquisition of three Caliber Collision properties for $7.2M. The properties are located in highly trafficked corridors in New York and are corporate-operated under net leases with a weighted average of seven years of term remaining and annual rent increases of 2%. The transaction was priced at a 6.8% cap rate on rent today, exclusive of transaction costs.

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FCPT Four Corners Property Trust
$27.23 /

-0.11 (-0.40%)

FCPT Four Corners Property Trust
$27.23 /

-0.11 (-0.40%)

08/18/21
Fly Intel: Top five analyst downgrades
08/18/21 Raymond James
Four Corners Property Trust downgraded to Outperform from Strong Buy at Raymond James
08/18/21 Raymond James
Four Corners downgraded to Outperform from Strong Buy at Raymond James
12/16/20 Baird
Four Corners Property Trust reinstated with an Outperform at Baird
FCPT Four Corners Property Trust
$27.23 /

-0.11 (-0.40%)

Over a month ago
Hot Stocks
Four Corners Property Trust announces acquisition of Caliber Collision for $1.4M » 17:57
08/26/21
08/26
17:57
08/26/21
17:57
FCPT

Four Corners Property Trust

$27.49 /

+0.06 (+0.22%)

Four Corners Property…

Four Corners Property Trust announces the acquisition of a Caliber Collision property for $1.4M. The property is located in a strong retail corridor in Virginia and is corporate-operated under a net lease with approximately eleven years of term remaining. The transaction was priced at a 6.4% cap rate on rent today and exclusive of transaction costs, or 6.5% inclusive of a contractual rent increase in December 2021.

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FCPT Four Corners Property Trust
$27.49 /

+0.06 (+0.22%)

FCPT Four Corners Property Trust
$27.49 /

+0.06 (+0.22%)

08/18/21
Fly Intel: Top five analyst downgrades
08/18/21 Raymond James
Four Corners Property Trust downgraded to Outperform from Strong Buy at Raymond James
08/18/21 Raymond James
Four Corners downgraded to Outperform from Strong Buy at Raymond James
12/16/20 Baird
Four Corners Property Trust reinstated with an Outperform at Baird
FCPT Four Corners Property Trust
$27.49 /

+0.06 (+0.22%)

Hot Stocks
Four Corners Property Trust acquires O'Reilly Auto Parts property for $2.3M » 17:09
08/25/21
08/25
17:09
08/25/21
17:09
FCPT

Four Corners Property Trust

$27.44 /

+0.29 (+1.07%)

Four Corners Property…

Four Corners Property Trust announced the acquisition of an O'Reilly Auto Parts property for $2.3M. The property is located in a corridor in Illinois and is corporate-operated under a net lease with approximately five years of term remaining. The transaction was priced at a 6.5% capitalization rate, exclusive of transaction costs.

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FCPT Four Corners Property Trust
$27.44 /

+0.29 (+1.07%)

FCPT Four Corners Property Trust
$27.44 /

+0.29 (+1.07%)

08/18/21
Fly Intel: Top five analyst downgrades
08/18/21 Raymond James
Four Corners Property Trust downgraded to Outperform from Strong Buy at Raymond James
08/18/21 Raymond James
Four Corners downgraded to Outperform from Strong Buy at Raymond James
12/16/20 Baird
Four Corners Property Trust reinstated with an Outperform at Baird
FCPT Four Corners Property Trust
$27.44 /

+0.29 (+1.07%)

Hot Stocks
Four Corners Property Trust buys two Pathway Vet Alliance properties for $3.9M » 16:58
08/24/21
08/24
16:58
08/24/21
16:58
FCPT

Four Corners Property Trust

$27.15 /

-0.28 (-1.02%)

Four Corners Property…

Four Corners Property Trust announced the acquisition of two Pathway Vet Alliance properties for $3.9M. The properties consist of a Thrive Vet Care property and a dual-tenant property that is anchored by Eye Care for Animals and includes a space of approximately 2,000 square feet that FCPT will lease to a new retail tenant. The properties are located in retail corridors in Illinois and Rhode Island and are occupied under net leases with a weighted average term of eight years remaining. The transaction was priced at a 6.6% going-in cash capitalization rate, exclusive of transaction costs.

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FCPT Four Corners Property Trust
$27.15 /

-0.28 (-1.02%)

FCPT Four Corners Property Trust
$27.15 /

-0.28 (-1.02%)

08/18/21
Fly Intel: Top five analyst downgrades
08/18/21 Raymond James
Four Corners Property Trust downgraded to Outperform from Strong Buy at Raymond James
08/18/21 Raymond James
Four Corners downgraded to Outperform from Strong Buy at Raymond James
12/16/20 Baird
Four Corners Property Trust reinstated with an Outperform at Baird
FCPT Four Corners Property Trust
$27.15 /

-0.28 (-1.02%)

Downgrade
Fly Intel: Top five analyst downgrades » 09:55
08/18/21
08/18
09:55
08/18/21
09:55
AMCR

Amcor

$12.18 /

+0.07 (+0.58%)

, FIVN

Five9

$182.30 /

-0.13 (-0.07%)

, FCPT

Four Corners Property Trust

$26.99 /

-0.21 (-0.77%)

, CSIQ

Canadian Solar

$35.19 /

+0.48 (+1.38%)

, BPMP

BP Midstream

$12.93 /

-0.005 (-0.04%)

Catch up on today's…

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Amcor (AMCR) downgraded to Sell from Neutral at Goldman Sachs with analyst Adam Samuelson acknowledging that execution on the Bemis transaction has been strong, but he believes this represented a "unique industry consolidation and cost-out opportunity at a scale that will be difficult to replicate in coming years." 2. Five9 (FIVN) downgraded to Neutral from Buy at UBS with analyst Taylor McGinnis saying that in discussions with the company's partners, some had indicated that enterprise CCaaS demand is slowing, but others continue to expect strong growth and believe that the Zoom (ZM) transaction "validates the opportunity." 3. Four Corners Property Trust (FCPT) downgraded to Outperform from Strong Buy at Raymond James with analyst RJ Milligan citing Four Corners Property's less aggressive acquisition pace vs. peers and historically low cap rates for restaurant properties. 4. Canadian Solar (CSIQ) downgraded to Sell from Buy at GLJ Research with analyst Gordon Johnson saying that while Canadian Solar remains the "best house in a bad neighborhood," he sees substantial downside risk near-term. 5. BP Midstream (BPMP) downgraded to Neutral from Buy at UBS with analyst Shneur Gershuni citing limited total return potential following the takeout offer. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here

ShowHide Related Items >><<
FIVN Five9
$182.30 /

-0.13 (-0.07%)

FCPT Four Corners Property Trust
$26.99 /

-0.21 (-0.77%)

CSIQ Canadian Solar
$35.19 /

+0.48 (+1.38%)

AMCR Amcor
$12.18 /

+0.07 (+0.58%)

AMCR Amcor
$12.18 /

+0.07 (+0.58%)

08/18/21 Goldman Sachs
Amcor downgraded to Sell from Neutral at Goldman Sachs
07/01/21 Macquarie
Amcor upgraded to Outperform from Neutral at Macquarie
04/21/21 Macquarie
Amcor downgraded to Neutral from Outperform at Macquarie
04/09/21 Goldman Sachs
Amcor initiated with a Neutral at Goldman Sachs
FIVN Five9
$182.30 /

-0.13 (-0.07%)

08/18/21 UBS
Five9 downgraded to Neutral from Buy at UBS
08/18/21 UBS
Five9 downgraded to Neutral from Buy at UBS
08/17/21 Piper Sandler
Five9 could add $5B to Zoom Video over 10 years, says Piper Sandler
08/09/21 Truist
Five9 downgraded to Hold from Buy at Truist
FCPT Four Corners Property Trust
$26.99 /

-0.21 (-0.77%)

08/18/21 Raymond James
Four Corners Property Trust downgraded to Outperform from Strong Buy at Raymond James
08/18/21 Raymond James
Four Corners downgraded to Outperform from Strong Buy at Raymond James
12/16/20 Baird
Four Corners Property Trust reinstated with an Outperform at Baird
CSIQ Canadian Solar
$35.19 /

+0.48 (+1.38%)

08/18/21 GLJ Research
Canadian Solar downgraded to Sell from Buy at GLJ Research
07/21/21 JPMorgan
Canadian Solar price target raised to $51 from $49 at JPMorgan
07/02/21 Goldman Sachs
Canadian Solar price target raised to $47 from $43 at Goldman Sachs
06/30/21 Roth Capital
JinkoSolar price target raised to $58 from $39 at Roth Capital
BPMP BP Midstream
$12.93 /

-0.005 (-0.04%)

08/18/21 UBS
BP Midstream downgraded to Neutral from Buy at UBS
08/10/21 JonesTrading
BP Midstream downgraded to Hold from Buy at JonesTrading
08/06/21 JPMorgan
BP Midstream downgraded to Underweight from Neutral at JPMorgan
08/02/21 JPMorgan
BP Midstream downgraded to Neutral from Overweight at JPMorgan
FIVN Five9
$182.30 /

-0.13 (-0.07%)

FCPT Four Corners Property Trust
$26.99 /

-0.21 (-0.77%)

CSIQ Canadian Solar
$35.19 /

+0.48 (+1.38%)

AMCR Amcor
$12.18 /

+0.07 (+0.58%)

FIVN Five9
$182.30 /

-0.13 (-0.07%)

CSIQ Canadian Solar
$35.19 /

+0.48 (+1.38%)

CSIQ Canadian Solar
$35.19 /

+0.48 (+1.38%)

Downgrade
Four Corners Property Trust downgraded to Outperform from Strong Buy at Raymond James » 07:25
08/18/21
08/18
07:25
08/18/21
07:25
FCPT

Four Corners Property Trust

$27.22 /

-0.05 (-0.18%)

Raymond James analyst RJ…

Raymond James analyst RJ Milligan downgraded Four Corners Property Trust to Outperform from Strong Buy with a price target of $30, down from $34, citing Four Corners Property's less aggressive acquisition pace vs. peers and historically low cap rates for restaurant properties. While Milligan views the company's more conservative underwriting as positive, acquisition volumes are expected to remain below peers for the next several quarters, the analyst tells investors in a research note.

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FCPT Four Corners Property Trust
$27.22 /

-0.05 (-0.18%)

FCPT Four Corners Property Trust
$27.22 /

-0.05 (-0.18%)

08/18/21 Raymond James
Four Corners downgraded to Outperform from Strong Buy at Raymond James
12/16/20 Baird
Four Corners Property Trust reinstated with an Outperform at Baird
FCPT Four Corners Property Trust
$27.22 /

-0.05 (-0.18%)

Downgrade
Four Corners downgraded to Outperform from Strong Buy at Raymond James » 04:49
08/18/21
08/18
04:49
08/18/21
04:49
FCPT

Four Corners Property Trust

$27.22 /

-0.05 (-0.18%)

Raymond James analyst RJ…

Raymond James analyst RJ Milligan downgraded Four Corners Property Trust to Outperform from Strong Buy with a price target of $30, down from $34.

ShowHide Related Items >><<
FCPT Four Corners Property Trust
$27.22 /

-0.05 (-0.18%)

FCPT Four Corners Property Trust
$27.22 /

-0.05 (-0.18%)

12/16/20 Baird
Four Corners Property Trust reinstated with an Outperform at Baird
FCPT Four Corners Property Trust
$27.22 /

-0.05 (-0.18%)

Hot Stocks
Four Corners Property Trust acquires BP/7-Eleven property for $3.7M » 18:14
08/04/21
08/04
18:14
08/04/21
18:14
FCPT

Four Corners Property Trust

$28.27 /

-0.29 (-1.02%)

Four Corners Property…

Four Corners Property Trust announced the acquisition of a BP / 7-Eleven branded gas station / convenience store property for $3.7M. The property is located in a strong retail corridor in Ohio and is occupied under an existing triple net lease to GPM Empire with approximately 14 years of term remaining. The transaction was priced at a 6.35% going-in cash capitalization rate, exclusive of transaction costs.

ShowHide Related Items >><<
FCPT Four Corners Property Trust
$28.27 /

-0.29 (-1.02%)

FCPT Four Corners Property Trust
$28.27 /

-0.29 (-1.02%)

12/16/20 Baird
Four Corners Property Trust reinstated with an Outperform at Baird
FCPT Four Corners Property Trust
$28.27 /

-0.29 (-1.02%)

Earnings
Four Corners Property Trust reports Q2 AFFO 38c, consensus 39c » 17:08
08/04/21
08/04
17:08
08/04/21
17:08
FCPT

Four Corners Property Trust

$28.27 /

-0.29 (-1.02%)

Reports Q2 revenue…

Reports Q2 revenue $49.27M, consensus $46.44M. "Our portfolio continued to perform well in the second quarter with strong collections and many of our tenants experiencing sales in excess of 2019 pre-pandemic levels," said CEO Bill Lenehan. "Our acquisition volume has increased as the year has progressed, and we expect that momentum to continue in the second half of the year. We maintained our discipline of acquiring strong net-lease properties with creditworthy tenants and great brands, and have enhanced the diversity of the FCPT portfolio with the acquisition of a number of non-restaurant properties in the quarter." Mr. Lenehan added, "FCPT further strengthened its balance sheet in June by extending our $650 million credit facility for four additional years at a lower cost with a high-quality bank group."

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FCPT Four Corners Property Trust
$28.27 /

-0.29 (-1.02%)

FCPT Four Corners Property Trust
$28.27 /

-0.29 (-1.02%)

12/16/20 Baird
Four Corners Property Trust reinstated with an Outperform at Baird
FCPT Four Corners Property Trust
$28.27 /

-0.29 (-1.02%)

Hot Stocks
Four Corners Property Trust acquires dual-tenant property for $3.4M » 16:05
07/23/21
07/23
16:05
07/23/21
16:05
FCPT

Four Corners Property Trust

$29.09 /

+0.37 (+1.29%)

Four Corners Property…

Four Corners Property Trust announced the acquisition of a dual-tenant property leased to Aspen Dental and Starbucks for $3.4M. The properties are located in a strong retail corridor in Illinois and are under long term net leases with each brand's corporate tenant. The transaction was priced at a 6.5% going-in cash capitalization rate, exclusive of transaction costs.

ShowHide Related Items >><<
FCPT Four Corners Property Trust
$29.09 /

+0.37 (+1.29%)

FCPT Four Corners Property Trust
$29.09 /

+0.37 (+1.29%)

12/16/20 Baird
Four Corners Property Trust reinstated with an Outperform at Baird
07/31/20 Baird
Four Corners Property Trust upgraded to Outperform from Neutral at Baird
FCPT Four Corners Property Trust
$29.09 /

+0.37 (+1.29%)

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