FelCor Lodging Trust Inc. (FCH) Shares Down 2.5%
Shares of FelCor Lodging Trust Inc. (NYSE:FCH) fell 2.5% during mid-day trading on Thursday . The stock traded as low as $6.30 and last traded at $6.32, with a volume of 320,645 shares trading hands. The stock had previously closed at $6.48.
Several brokerages have issued reports on FCH. FBR & Co restated a “buy” rating on shares of FelCor Lodging Trust in a research note on Wednesday, April 27th. Zacks Investment Research cut FelCor Lodging Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, May 3rd. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $8.00 price target on shares of FelCor Lodging Trust in a research report on Monday, June 27th.
The stock has a 50-day moving average price of $6.36 and a 200 day moving average price of $7.01. The firm’s market capitalization is $867.98 million.
FelCor Lodging Trust (NYSE:FCH) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The business had revenue of $237.90 million for the quarter, compared to analyst estimates of $240.19 million. During the same period in the previous year, the business earned $0.28 EPS. The company’s quarterly revenue was down 1.3% on a year-over-year basis. On average, equities research analysts anticipate that FelCor Lodging Trust Inc. will post $0.90 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 15th were issued a $0.06 dividend. The ex-dividend date was Wednesday, July 13th. This represents a $0.24 annualized dividend and a yield of 3.82%.
In other news, Director Robert F. Cotter sold 15,918 shares of the company’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $6.34, for a total value of $100,920.12. Following the sale, the director now directly owns 116,300 shares of the company’s stock, valued at approximately $737,342. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark D. Rozells bought 10,000 shares of FelCor Lodging Trust stock in a transaction dated Tuesday, May 17th. The stock was acquired at an average cost of $6.89 per share, for a total transaction of $68,900.00. The disclosure for this purchase can be found here.
Several hedge funds have added to or reduced their stakes in the company. Nationwide Fund Advisors increased its stake 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 in the last quarter. Rhumbline Advisers increased its stake 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 in the last quarter. New York State Common Retirement Fund increased its stake in 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. Foresters Investment Management Company Inc. increased its stake in FelCor Lodging Trust by 29.9% in the fourth quarter. Foresters Investment Management Company Inc. now owns 469,000 shares of the company’s stock worth $3,424,000 after buying an additional 108,000 shares in the last quarter. Finally, Coe Capital Management LLC acquired a new stake in FelCor Lodging Trust during the fourth quarter worth $2,033,000.
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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