FelCor Lodging Trust Inc. (FCH) Lifted to “Hold” at Zacks Investment Research
According to Zacks, “FelCor Lodging Trust Inc., a real estate investment trust, is one of the nation’s largest owners of upper-upscale, all-suite hotels. FelCor’s diversified portfolio of hotels and resorts are flagged under global brands such as: Doubletree ®, Embassy Suites Hotels®, Hilton®, Fairmont®, Marriott®, Renaissance®, Sheraton®, Westin® and Holiday Inn®. FelCor Lodging Trust Inc., formerly known as FelCor Suite Hotels, Inc., is based in Irving, Texas. “
A number of other research firms also recently weighed in on FCH. Janney Montgomery Scott began coverage on FelCor Lodging Trust in a research note on Monday, September 26th. They issued a buy rating and a $7.50 price target for the company. JMP Securities downgraded FelCor Lodging Trust from an outperform rating to a market perform rating in a research note on Friday, September 16th. Finally, Deutsche Bank AG reaffirmed a hold rating and issued a $8.00 price objective on shares of FelCor Lodging Trust in a research report on Monday, June 27th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $7.90.
Shares of FelCor Lodging Trust (NYSE:FCH) opened at 6.30 on Friday. The firm has a 50-day moving average price of $6.59 and a 200-day moving average price of $6.81. The company’s market capitalization is $870.75 million. 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 posted 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. The company earned $237.90 million during the quarter, compared to the consensus estimate 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 for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 earnings per share. On average, equities research analysts predict that FelCor Lodging Trust will post $0.90 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, October 14th will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.81%. FelCor Lodging Trust’s payout ratio is -120.00%.
Several hedge funds have recently added to or reduced their stakes in FCH. BlackRock Inc. boosted its stake 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 last quarter. Maryland Capital Management boosted its stake in FelCor Lodging Trust by 8.3% in the first quarter. Maryland Capital Management now owns 13,000 shares of the company’s stock valued at $106,000 after buying an additional 1,000 shares during the last quarter. BlackRock Advisors LLC boosted its stake in FelCor Lodging Trust by 1.0% in the second quarter. BlackRock Advisors LLC now owns 135,056 shares of the company’s stock valued at $841,000 after buying an additional 1,366 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake 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 valued at $137,000 after buying an additional 2,100 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in FelCor Lodging Trust by 13.4% in the second quarter. Hsbc Holdings PLC now owns 31,821 shares of the company’s stock valued at $198,000 after buying an additional 3,749 shares during the last quarter. 81.01% of the stock is owned by 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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