FelCor Lodging Trust Inc. (FCH) Stock Price Up 3%
FelCor Lodging Trust Inc. (NYSE:FCH)’s share price rose 3% during trading on Thursday . The stock traded as high as $6.66 and last traded at $6.61, with a volume of 1,052,098 shares trading hands. The stock had previously closed at $6.42.
FCH has been the topic of several recent analyst reports. Deutsche Bank AG reissued a “hold” rating and issued a $8.00 target price on shares of FelCor Lodging Trust in a report on Monday, June 27th. Zacks Investment Research raised FelCor Lodging Trust from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. Finally, FBR & Co reissued a “buy” rating on shares of FelCor Lodging Trust in a report on Wednesday, April 27th.
The stock has a 50-day moving average of $6.39 and a 200 day moving average of $7.02. The stock’s market cap is $931.36 million.
FelCor Lodging Trust (NYSE:FCH) last posted its earnings results on Tuesday, April 26th. The company reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. The firm earned $210.14 million during the quarter, compared to the consensus estimate of $204.07 million. FelCor Lodging Trust’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the company posted $0.14 EPS. On average, equities research analysts forecast that FelCor Lodging Trust Inc. will post $0.95 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 15th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Wednesday, July 13th.
In other FelCor Lodging Trust news, Director Robert F. Cotter sold 15,918 shares of the company’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $6.34, for a total value of $100,920.12. Following the completion of the transaction, the director now owns 116,300 shares in the company, valued at approximately $737,342. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mark D. Rozells bought 10,000 shares of the firm’s stock in a transaction on Tuesday, May 3rd. The stock was purchased at an average price of $7.28 per share, with a total value of $72,800.00. Following the transaction, the director now owns 13,007 shares in the company, valued at approximately $94,690.96. The disclosure for this purchase can be found here.
Several hedge funds and institutional investors recently bought and sold shares of the stock. Foresters Investment Management Company Inc. boosted its position in FelCor Lodging Trust by 29.9% in the fourth quarter. Foresters Investment Management Company Inc. now owns 469,000 shares of the company’s stock valued at $3,424,000 after buying an additional 108,000 shares during the period. Dimensional Fund Advisors LP boosted its position 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 period. EJF Capital LLC boosted its position in FelCor Lodging Trust by 58.2% in the fourth quarter. EJF Capital LLC now owns 174,000 shares of the company’s stock valued at $1,270,000 after buying an additional 64,000 shares during the period. Cowen Group Inc. bought a new position in FelCor Lodging Trust during the fourth quarter valued at about $1,131,000. Finally, Mutual of America Capital Management LLC boosted its position in FelCor Lodging Trust by 9.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 715,058 shares of the company’s stock valued at $5,220,000 after buying an additional 60,834 shares during the period.
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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