FelCor Lodging Trust Inc. (FCH) Trading 3% Higher
Shares of FelCor Lodging Trust Inc. (NYSE:FCH) traded up 3% during mid-day trading on Thursday . The company traded as high as $6.66 and last traded at $6.61, with a volume of 1,052,098 shares trading hands. The stock had previously closed at $6.42.
A number of analysts recently issued reports on the company. Zacks Investment Research cut FelCor Lodging Trust from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Deutsche Bank AG reissued a “hold” rating and set a $8.00 price objective on shares of FelCor Lodging Trust in a research report on Monday, June 27th. Finally, FBR & Co reissued a “buy” rating on shares of FelCor Lodging Trust in a research report on Wednesday, April 27th.
The company’s market capitalization is $956.38 million. The firm has a 50 day moving average price of $6.39 and a 200 day moving average price of $7.01.
FelCor Lodging Trust (NYSE:FCH) last released its quarterly earnings data on Tuesday, April 26th. The company reported $0.14 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.14. The firm earned $210.14 million during the quarter, compared to the consensus estimate of $204.07 million. FelCor Lodging Trust’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS. Equities analysts expect that FelCor Lodging Trust Inc. will post $0.95 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Friday, July 15th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Wednesday, July 13th.
In other news, Director Mark D. Rozells acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, May 17th. The stock was acquired at an average price of $6.89 per share, for a total transaction of $68,900.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert F. Cotter sold 15,918 shares of the company’s stock in a transaction on Friday, July 1st. The shares were 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 of the company’s stock, valued at approximately $737,342. The disclosure for this sale can be found here.
Other institutional investors have recently added to or reduced their stakes in the company. Nationwide Fund Advisors boosted its position in FelCor Lodging Trust by 0.7% in the fourth quarter. Nationwide Fund Advisors now owns 168,911 shares of the company’s stock worth $1,233,000 after buying an additional 1,254 shares during the period. California State Teachers Retirement System boosted its position in FelCor Lodging Trust by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 265,516 shares of the company’s stock worth $1,938,000 after buying an additional 4,241 shares during the period. Rhumbline Advisers boosted its position in FelCor Lodging Trust by 3.4% in the fourth quarter. Rhumbline Advisers now owns 239,026 shares of the company’s stock worth $1,745,000 after buying an additional 7,865 shares during the period. Dimensional Fund Advisors LP boosted its position in 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 during the period. Finally, Russell Frank Co boosted its position in 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 during the period.
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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