JMP Securities cut shares of FelCor Lodging Trust Inc. (NYSE:FCH) from an outperform rating to a market perform rating in a report published on Friday morning.

Other analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of FelCor Lodging Trust from a hold rating to a buy rating and set a $6.50 price objective for the company in a research note on Tuesday, June 28th. Deutsche Bank AG restated a hold rating and issued a $8.00 price objective 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 stock has a consensus rating of Hold and a consensus target price of $8.00.

FelCor Lodging Trust (NYSE:FCH) opened at 6.43 on Friday. The firm’s market capitalization 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 has a 12-month low of $5.47 and a 12-month high of $8.63.

FelCor Lodging Trust (NYSE:FCH) last issued its quarterly earnings data 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. FelCor Lodging Trust had a negative return on equity of 151.76% and a negative net margin of 0.44%. The firm earned $237.90 million during the quarter, compared to analyst estimates of $240.19 million. During the same quarter in the previous year, the firm posted $0.28 earnings per share. FelCor Lodging Trust’s quarterly revenue was down 1.3% compared to the same quarter last year. Equities research analysts anticipate that FelCor Lodging Trust will post $0.90 earnings per share for the current year.

In related news, Director Robert F. Cotter sold 15,918 shares of the company’s 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 in the company, valued at approximately $737,342. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.30% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of 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 in the last quarter. Maryland Capital Management boosted its position in shares of 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 in the last quarter. BlackRock Advisors LLC boosted its position in shares of 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 in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of 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 in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 81.01% of the company’s stock.

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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