FelCor Lodging Trust Inc. (FCH) Sees Unusually-High Trading Volume
Shares of FelCor Lodging Trust Inc. (NYSE:FCH) saw strong trading volume on Monday . 1,231,751 shares changed hands during trading, an increase of 2% from the previous session’s volume of 1,210,090 shares.The stock last traded at $6.26 and had previously closed at $6.09.
A number of equities analysts recently weighed in on FCH shares. Deutsche Bank AG reiterated 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 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. Finally, JMP Securities lowered FelCor Lodging Trust from an “outperform” rating to a “market perform” rating in a research report on Friday, September 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. FelCor Lodging Trust has a consensus rating of “Hold” and a consensus price target of $8.00.
The firm’s 50-day moving average price is $6.57 and its 200-day moving average price is $6.91. The company’s market capitalization is $888.72 million.
FelCor Lodging Trust (NYSE:FCH) last issued its earnings results on Tuesday, July 26th. The company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The firm earned $237.90 million during the quarter, compared to analyst estimates of $240.19 million. FelCor Lodging Trust had a negative net margin of 0.44% and a negative return on equity of 151.76%. The firm’s revenue was down 1.3% compared to the same quarter last year. During the same period last year, the business earned $0.28 EPS. Equities research analysts expect that FelCor Lodging Trust Inc. will post $0.90 earnings per share for the current fiscal year.
In related news, Director Robert F. Cotter sold 15,918 shares of the firm’s stock in a transaction that occurred on 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 owns 116,300 shares of the company’s stock, valued at $737,342. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.30% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Macquarie Group Ltd. boosted its stake in shares of FelCor Lodging Trust by 84.6% in the second quarter. Macquarie Group Ltd. now owns 78,100 shares of the company’s stock valued at $487,000 after buying an additional 35,800 shares during the period. Legal & General Group Plc boosted its stake in shares of FelCor Lodging Trust by 10.0% in the second quarter. Legal & General Group Plc now owns 321,368 shares of the company’s stock valued at $2,002,000 after buying an additional 29,277 shares during the period. Numeric Investors LLC purchased a new stake in shares of FelCor Lodging Trust during the second quarter valued at $2,251,000. Cubist Systematic Strategies LLC bought a new stake in FelCor Lodging Trust during the second quarter worth $212,000. Finally, AQR Capital Management LLC boosted its stake in FelCor Lodging Trust by 36.8% in the second quarter. AQR Capital Management LLC now owns 285,945 shares of the company’s stock worth $1,781,000 after buying an additional 76,937 shares during the last quarter. 81.01% of the stock is currently owned by hedge funds and other institutional investors.
About FelCor Lodging Trust
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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