FelCor Lodging Trust Inc. (FCH) Trading 1.7% Higher
FelCor Lodging Trust Inc. (NYSE:FCH)’s share price traded up 1.7% during trading on Tuesday . The company traded as high as $6.44 and last traded at $6.40, with a volume of 615,272 shares changing hands. The stock had previously closed at $6.29.
A number of equities analysts have commented on the company. Zacks Investment Research cut FelCor Lodging Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. FBR & Co reissued a “buy” rating on shares of FelCor Lodging Trust in a report on Wednesday, April 27th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $8.00 target price on shares of FelCor Lodging Trust in a report on Monday, June 27th.
The company’s market capitalization is $861.07 million. The company’s 50 day moving average is $6.37 and its 200-day moving average is $7.01.
FelCor Lodging Trust (NYSE:FCH) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $237.90 million for the quarter, compared to analyst estimates of $240.19 million. FelCor Lodging Trust’s revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 EPS. Equities analysts forecast that FelCor Lodging Trust Inc. will post $0.90 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 15th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, July 13th. This represents a $0.24 annualized dividend and a yield of 3.80%.
In other FelCor Lodging Trust news, Director Mark D. Rozells purchased 10,000 shares of FelCor Lodging Trust stock in a transaction that occurred on Tuesday, May 17th. The stock was acquired at an average price of $6.89 per share, with a total value of $68,900.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert F. Cotter sold 15,918 shares of FelCor Lodging Trust 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 completion of the sale, the director now directly owns 116,300 shares of the company’s stock, valued at approximately $737,342. The disclosure for this sale can be found here.
Other hedge funds have bought and sold shares of the company. Nationwide Fund Advisors increased its position in FelCor Lodging Trust by 0.7% in the fourth quarter. Nationwide Fund Advisors now owns 168,911 shares of the company’s stock worth $1,233,000 after buying an additional 1,254 shares in the last quarter. Rhumbline Advisers increased its position in FelCor Lodging Trust by 3.4% in the fourth quarter. Rhumbline Advisers now owns 239,026 shares of the company’s stock worth $1,745,000 after buying an additional 7,865 shares in the last quarter. California State Teachers Retirement System increased its position in 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 worth $1,938,000 after buying an additional 4,241 shares in the last quarter. Foresters Investment Management Company Inc. increased 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 worth $3,424,000 after buying an additional 108,000 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position 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 worth $5,247,000 after buying an additional 37,565 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.