FelCor Lodging Trust Inc. (FCH) Sees Large Volume Increase
Shares of FelCor Lodging Trust Inc. (NYSE:FCH) saw strong trading volume on Wednesday . 1,344,849 shares traded hands during mid-day trading, an increase of 8% from the previous session’s volume of 1,239,720 shares.The stock last traded at $6.47 and had previously closed at $6.45.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of FelCor Lodging Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. FBR & Co reissued a “buy” rating on shares of FelCor Lodging Trust in a research report on Wednesday, April 27th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $8.00 target price on shares of FelCor Lodging Trust in a research report on Monday, June 27th.
The firm has a 50-day moving average price of $6.39 and a 200 day moving average price of $7.01. The firm’s market capitalization is $943.87 million.
FelCor Lodging Trust (NYSE:FCH) last announced its quarterly earnings results on Tuesday, April 26th. The company reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. The firm had revenue of $210.14 million for the quarter, compared to analysts’ expectations of $204.07 million. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.14 EPS. On average, equities research analysts forecast that FelCor Lodging Trust Inc. will post $0.95 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 15th will be paid a dividend of $0.06 per share. The ex-dividend date is Wednesday, July 13th. This represents a $0.24 annualized dividend and a dividend yield of 3.58%.
In other news, Director Mark D. Rozells purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, May 3rd. The shares were purchased at an average price of $7.28 per share, for a total transaction of $72,800.00. Following the completion of the purchase, the director now owns 13,007 shares in the company, valued at approximately $94,690.96. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert F. Cotter sold 15,918 shares of the firm’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $6.34, for a total value of $100,920.12. Following the transaction, the director now owns 116,300 shares in the company, valued at approximately $737,342. The disclosure for this sale can be found here.
Several institutional investors have recently made changes to their positions in the stock. Cowen Group Inc. purchased a new position in shares of FelCor Lodging Trust during the fourth quarter valued at approximately $1,131,000. Nationwide Fund Advisors raised its position in shares of FelCor Lodging Trust by 0.7% in the fourth quarter. Nationwide Fund Advisors now owns 168,911 shares of the company’s stock valued at $1,233,000 after buying an additional 1,254 shares in the last quarter. EJF Capital LLC raised its position in shares of 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 in the last quarter. Rhumbline Advisers raised its position in shares of FelCor Lodging Trust by 3.4% in the fourth quarter. Rhumbline Advisers now owns 239,026 shares of the company’s stock valued at $1,745,000 after buying an additional 7,865 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in shares of FelCor Lodging Trust by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 265,516 shares of the company’s stock valued at $1,938,000 after buying an additional 4,241 shares in 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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