FelCor Lodging Trust Inc. (FCH) Stock Price Down 5.3%
FelCor Lodging Trust Inc. (NYSE:FCH) shares fell 5.3% during trading on Wednesday . The stock traded as low as $6.21 and last traded at $6.29, with a volume of 516,443 shares changing hands. The stock had previously closed at $6.64.
Several research firms have commented on FCH. FBR & Co reissued a “buy” rating on shares of FelCor Lodging Trust in a research report on Wednesday, April 27th. Zacks Investment Research lowered FelCor Lodging Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, May 3rd. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $8.00 price objective on shares of FelCor Lodging Trust in a research report on Monday, June 27th.
The firm’s market capitalization is $879.93 million. The firm’s 50 day moving average is $6.42 and its 200 day moving average is $7.06.
FelCor Lodging Trust (NYSE:FCH) last posted its quarterly earnings data on Tuesday, April 26th. The company reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The firm had revenue of $210.14 million for the quarter, compared to analysts’ expectations of $204.07 million. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. Analysts predict that FelCor Lodging Trust Inc. will post $0.96 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 15th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Wednesday, July 13th.
In other news, Director Robert F. Cotter sold 15,918 shares of the business’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 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 at this hyperlink. Also, Director Mark D. Rozells purchased 10,000 shares of the stock in a transaction dated Tuesday, May 3rd. The shares were bought at an average price of $7.28 per share, for a total transaction of $72,800.00. Following the completion of the acquisition, the director now owns 13,007 shares in the company, valued at $94,690.96. The disclosure for this purchase can be found here.
Several institutional investors recently bought and sold shares of the stock. OppenheimerFunds Inc. boosted its position in FelCor Lodging Trust by 5.4% in the fourth quarter. OppenheimerFunds Inc. now owns 3,871,033 shares of the company’s stock valued at $28,259,000 after buying an additional 198,740 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in FelCor Lodging Trust by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,717,054 shares of the company’s stock valued at $12,535,000 after buying an additional 17,347 shares during the last quarter. Boston Partners raised its stake in FelCor Lodging Trust by 1.7% in the fourth quarter. Boston Partners now owns 1,314,172 shares of the company’s stock valued at $9,593,000 after buying an additional 21,377 shares during the last quarter. Russell Frank Co raised its stake in FelCor Lodging Trust by 1.7% in the fourth quarter. Russell Frank Co now owns 1,124,490 shares of the company’s stock valued at $8,366,000 after buying an additional 19,087 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in FelCor Lodging Trust by 5.5% in the fourth quarter. New York State Common Retirement Fund now owns 718,701 shares of the company’s stock valued at $5,247,000 after buying an additional 37,565 shares during the last quarter.
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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