Evercore ISI analyst Steve Sakwa lowered the firm’s price target on Four Corners Property Trust (FCPT) to $26 from $29 and keeps an In Line rating on the shares. More insights than expected emerged at the NAREIT conference, including notable positive shifts in the REIT landscape, says the analyst in a noted on the group. The NAREIT conference revealed a more optimistic outlook for office and industrial sectors, while challenges remain in residential and storage segments, the analyst added.
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