JMP Securities Downgrades FelCor Lodging Trust Inc. (FCH) to Market Perform
Several other equities analysts have also recently weighed in on FCH. Zacks Investment Research cut shares of FelCor Lodging Trust from a buy rating to a hold rating in a research note on Tuesday, July 12th. Deutsche Bank AG reissued a hold rating and issued a $8.00 target price on shares of FelCor Lodging Trust in a research note on Monday, June 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $8.00.
FelCor Lodging Trust (NYSE:FCH) opened at 6.43 on Friday. FelCor Lodging Trust has a 52 week low of $5.47 and a 52 week high of $8.63. The firm’s market cap is $888.72 million. The stock has a 50 day moving average of $6.58 and a 200-day moving average of $6.91.
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 consensus estimate of $0.33 by $0.01. The business had revenue of $237.90 million for the quarter, compared to the consensus estimate of $240.19 million. FelCor Lodging Trust had a negative return on equity of 151.76% and a negative net margin of 0.44%. FelCor Lodging Trust’s revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 earnings per share. Analysts expect that FelCor Lodging Trust 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 FelCor Lodging Trust 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 transaction, the director now directly owns 116,300 shares of the company’s stock, valued at $737,342. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.30% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in FCH. BlackRock Inc. boosted its position in FelCor Lodging Trust by 0.3% in the second quarter. BlackRock Inc. now owns 143,969 shares of the company’s stock worth $898,000 after buying an additional 487 shares during the period. Maryland Capital Management boosted its position in FelCor Lodging Trust by 8.3% in the first quarter. Maryland Capital Management now owns 13,000 shares of the company’s stock worth $106,000 after buying an additional 1,000 shares during the period. BlackRock Advisors LLC boosted its position in FelCor Lodging Trust by 1.0% in the second quarter. BlackRock Advisors LLC now owns 135,056 shares of the company’s stock worth $841,000 after buying an additional 1,366 shares during the period. Metropolitan Life Insurance Co. NY boosted its position in FelCor Lodging Trust by 1.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 107,912 shares of the company’s stock worth $876,000 after buying an additional 1,865 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in FelCor Lodging Trust by 10.6% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 21,944 shares of the company’s stock worth $137,000 after buying an additional 2,100 shares during the period. 81.01% of the stock is owned by hedge funds and other institutional investors.
FelCor Lodging Trust Company Profile
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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