FelCor Lodging Trust Inc. (FCH) Trading Up 1.6%
Shares of FelCor Lodging Trust Inc. (NYSE:FCH) were up 1.6% during mid-day trading on Tuesday . The company traded as high as $7.06 and last traded at $7.03, with a volume of 443,785 shares. The stock had previously closed at $6.92.
A number of analysts recently issued reports on FCH shares. Deutsche Bank AG reissued a “hold” rating and set a $8.00 target price on shares of FelCor Lodging Trust in a research report on Monday, June 27th. Zacks Investment Research raised shares of FelCor Lodging Trust from a “sell” rating to a “hold” rating in a research report on Thursday, May 12th.
The stock’s market capitalization is $979.94 million. The stock’s 50 day moving average is $6.53 and its 200 day moving average is $7.01.
FelCor Lodging Trust (NYSE:FCH) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.01. During the same quarter in the prior year, the company earned $0.28 earnings per share. The company earned $237.90 million during the quarter, compared to analysts’ expectations of $240.19 million. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, analysts forecast that FelCor Lodging Trust Inc. will post $0.90 EPS for the current fiscal year.
In related news, Director Robert F. Cotter sold 15,918 shares of FelCor Lodging Trust stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $6.34, for a total value of $100,920.12. Following the transaction, the director now owns 116,300 shares of the company’s stock, valued at approximately $737,342. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
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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