BlackRock Group LTD Has $6,907,000 Position in FelCor Lodging Trust Incorporated (FCH)
BlackRock Group LTD boosted its stake in FelCor Lodging Trust Incorporated (NYSE:FCH) by 2.3% during the third quarter, Holdings Channel reports. The fund owned 1,074,238 shares of the company’s stock after buying an additional 23,781 shares during the period. BlackRock Group LTD’s holdings in FelCor Lodging Trust were worth $6,907,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of FCH. BlackRock Advisors LLC increased 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 valued at $841,000 after buying an additional 1,366 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in FelCor Lodging Trust during the second quarter valued at $410,000. Vanguard Group Inc. increased its position in FelCor Lodging Trust by 0.7% in the second quarter. Vanguard Group Inc. now owns 20,248,146 shares of the company’s stock valued at $126,145,000 after buying an additional 141,366 shares during the last quarter. Dimensional Fund Advisors LP increased its position in FelCor Lodging Trust by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,785,855 shares of the company’s stock valued at $11,126,000 after buying an additional 44,805 shares during the last quarter. Finally, Cedar Capital LLC purchased a new position in FelCor Lodging Trust during the second quarter valued at $2,124,000. Institutional investors own 80.84% of the company’s stock.
Shares of FelCor Lodging Trust Incorporated (NYSE:FCH) opened at 7.82 on Friday. The firm has a 50 day moving average price of $7.90 and a 200 day moving average price of $6.86. The stock’s market cap is $1.08 billion. FelCor Lodging Trust Incorporated has a 12-month low of $5.47 and a 12-month high of $8.44.
FelCor Lodging Trust (NYSE:FCH) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.28 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. FelCor Lodging Trust had a negative return on equity of 26.61% and a negative net margin of 0.09%. The firm earned $223 million during the quarter, compared to analysts’ expectations of $222.17 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. The company’s revenue was down 1.0% on a year-over-year basis. On average, equities analysts expect that FelCor Lodging Trust Incorporated will post ($0.16) EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 13th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend is Wednesday, January 11th. FelCor Lodging Trust’s dividend payout ratio (DPR) is presently -133.33%.
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Several brokerages have commented on FCH. FBR & Co downgraded FelCor Lodging Trust from an “outperform” rating to a “market perform” rating and set a $8.00 target price for the company. in a research note on Wednesday, January 4th. Zacks Investment Research downgraded FelCor Lodging Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, January 3rd. 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 target price for the company. Finally, JMP Securities downgraded FelCor Lodging Trust from an “outperform” rating to a “market perform” rating in a research note on Friday, September 16th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. FelCor Lodging Trust currently has an average rating of “Hold” and an average target price of $8.13.
In related news, SVP Jeffrey D. Symes sold 7,100 shares of the company’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $7.09, for a total transaction of $50,339.00. Following the completion of the sale, the senior vice president now owns 88,938 shares in the company, valued at $630,570.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jonathan H. Yellen sold 70,000 shares of the company’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $6.50, for a total value of $455,000.00. Following the sale, the executive vice president now owns 198,631 shares of the company’s stock, valued at approximately $1,291,101.50. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.
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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