Four Corners Property Trust stock adds a USD 2.4 million Ohio asset

Published on 10/08/2026 at 03:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Four Corners Property Trust stock now owns a USD 2.4 million LongHorn Steakhouse asset announced October 7, 2026. Analysts set a Hold consensus and a USD 27.73 average target.

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Four Corners Property Trust stock covers a USD 2.4 million Ohio acquisition announced on October 7, 2026, while the shares were last at USD 21.30 on the NYSE on October 6, 2026. The new LongHorn Steakhouse property adds a corporate-operated restaurant under a triple-net lease to the REIT's portfolio.

Ohio deal adds a restaurant asset

Business Wire reported on October 7, 2026, that FCPT acquired the property in a high-traffic Ohio corridor. The company said the transaction was priced at a capitalization rate consistent with previous FCPT transactions, giving the purchase a direct link to its established acquisition strategy.

FCPT owns, acquires and leases restaurant and retail properties on a net basis. Its investor-relations page lists 1,336 properties across 48 states, with 9.0 million square feet and 182 brands, providing scale behind the individual acquisition.

Revenue growth meets analyst caution

For the second quarter of 2026, FCPT reported USD 78.42 million in revenue, up 7.7 percent from the year-earlier quarter, according to MarketBeat. The same report said quarterly EPS was USD 0.45 against a consensus estimate of USD 0.29, although revenue came in below the USD 79.02 million consensus estimate.

MarketBeat reported on October 6, 2026, that JPMorgan lowered its price target from USD 29.00 to USD 26.00 while keeping a Neutral rating. The published consensus was Hold across 11 analysts, with five Buy ratings, six Holds and an average price target of USD 27.73, which lies 30.2 percent above the October 6 price of USD 21.30.

Results date sets the next checkpoint

Business Wire said on October 6, 2026, that FCPT will release results for the three and nine months ended September 30, 2026, after the market close on October 28, 2026. A conference call is scheduled for October 29 at 12:00 p.m. ET, making the upcoming report the next test of acquisition-led growth and revenue expansion.

Stock stays near its yearly low

FCPT was last at USD 21.30 on the NYSE on October 6, 2026. The price stood near the 52-week low of USD 21.14 and below the 52-week high of USD 26.86, while market capitalization was USD 2.3 billion as of the same quote date.