FelCor Lodging Trust Inc. (FCH) Trading Down 3.1%
Shares of FelCor Lodging Trust Inc. (NYSE:FCH) traded down 3.1% during trading on Thursday . The stock traded as low as $6.89 and last traded at $6.89, with a volume of 637,766 shares trading hands. The stock had previously closed at $7.11.
Several equities research analysts recently commented on the stock. Deutsche Bank AG restated a “hold” rating and issued a $8.00 price target on shares of FelCor Lodging Trust in a research report on Monday, June 27th. Zacks Investment Research upgraded shares of FelCor Lodging Trust from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a research report on Tuesday, June 28th.
The stock’s market capitalization is $950.91 million. The company’s 50 day moving average is $6.55 and its 200 day moving average is $7.02.
FelCor Lodging Trust (NYSE:FCH) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.01. The business had revenue of $237.90 million for the quarter, compared to analysts’ expectations of $240.19 million. The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. Analysts forecast that FelCor Lodging Trust Inc. will post $0.90 earnings per share for the current year.
In other FelCor Lodging Trust news, Director Robert F. Cotter sold 15,918 shares of the firm’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 completion of the sale, the director now owns 116,300 shares in the company, valued at approximately $737,342. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
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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