FelCor Lodging Trust Inc. (FCH) Trading Up 4%
FelCor Lodging Trust Inc. (NYSE:FCH) was up 4% during trading on Monday . The company traded as high as $6.57 and last traded at $6.55, with a volume of 383,126 shares traded. The stock had previously closed at $6.30.
A number of equities research analysts have recently commented on FCH shares. Zacks Investment Research raised shares of FelCor Lodging Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 12th. Deutsche Bank AG reaffirmed a “hold” rating and set a $8.00 price objective on shares of FelCor Lodging Trust in a research note on Monday, June 27th. Finally, FBR & Co reaffirmed a “buy” rating on shares of FelCor Lodging Trust in a research note on Wednesday, April 27th.
The stock’s 50-day moving average price is $6.42 and its 200 day moving average price is $7.06. The firm’s market cap is $888.27 million.
FelCor Lodging Trust (NYSE:FCH) last posted its earnings results on Tuesday, April 26th. The company reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. The business had revenue of $210.14 million for the quarter, compared to analysts’ expectations of $204.07 million. During the same quarter in the previous year, the firm earned $0.14 EPS. FelCor Lodging Trust’s revenue for the quarter was down 1.7% compared to the same quarter last year. Equities research analysts expect that FelCor Lodging Trust Inc. will post $0.96 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Friday, July 15th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 3.65%. The ex-dividend date is Wednesday, July 13th.
In related news, Director Robert F. Cotter sold 15,918 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $6.34, for a total transaction of $100,920.12. Following the completion of the sale, the director now owns 116,300 shares in the company, valued at $737,342. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark D. Rozells bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 17th. The shares were acquired at an average price of $6.89 per share, with a total value of $68,900.00. The disclosure for this purchase can be found here.
A number of large investors have bought and sold shares of the company. OppenheimerFunds Inc. boosted its stake in FelCor Lodging Trust by 5.4% in the fourth quarter. OppenheimerFunds Inc. now owns 3,871,033 shares of the company’s stock valued at $28,259,000 after buying an additional 198,740 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of FelCor Lodging Trust by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,717,054 shares of the company’s stock worth $12,535,000 after buying an additional 17,347 shares in the last quarter. Boston Partners boosted its stake in shares of FelCor Lodging Trust by 1.7% in the fourth quarter. Boston Partners now owns 1,314,172 shares of the company’s stock worth $9,593,000 after buying an additional 21,377 shares in the last quarter. Russell Frank Co boosted its stake in shares of FelCor Lodging Trust by 1.7% in the fourth quarter. Russell Frank Co now owns 1,124,490 shares of the company’s stock worth $8,366,000 after buying an additional 19,087 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of FelCor Lodging Trust by 5.5% in the fourth quarter. New York State Common Retirement Fund now owns 718,701 shares of the company’s stock worth $5,247,000 after buying an additional 37,565 shares in the last quarter.
FelCor Lodging Trust Incorporated is a real estate investment trust. The Company, through its subsidiary, FelCor Lodging Limited Partnership, holds ownership interests in approximately 40 hotels with over 12,440 rooms. The Company sells, acquires, rebrands and redevelops hotels. The Company’s hotels are located in approximately 20 states of the United States.
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