FelCor Lodging Trust Inc. (FCH) Stock Price Down 2.5%
Shares of FelCor Lodging Trust Inc. (NYSE:FCH) dropped 2.5% during mid-day trading on Thursday . The company traded as low as $6.30 and last traded at $6.32, with a volume of 320,645 shares trading hands. The stock had previously closed at $6.48.
FCH has been the subject of a number of recent analyst reports. FBR & Co reissued a “buy” rating on shares of FelCor Lodging Trust in a research note on Wednesday, April 27th. Zacks Investment Research raised shares of FelCor Lodging Trust from a “hold” rating to a “buy” rating and set a $6.50 target price for the company in a research note on Tuesday, June 28th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $8.00 target price on shares of FelCor Lodging Trust in a research note on Monday, June 27th.
The firm’s market capitalization is $872.13 million. The firm has a 50 day moving average price of $6.36 and a 200-day moving average price of $7.01.
FelCor Lodging Trust (NYSE:FCH) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by $0.01. The business earned $237.90 million during the quarter, compared to the consensus estimate of $240.19 million. During the same quarter in the prior year, the firm earned $0.28 EPS. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, equities research analysts anticipate that FelCor Lodging Trust Inc. will post $0.90 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 15th were issued a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, July 13th. This represents a $0.24 dividend on an annualized basis and a yield of 3.80%.
In other news, Director Mark D. Rozells acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, May 17th. The shares were bought at an average price of $6.89 per share, for a total transaction of $68,900.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through 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 completion of 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.
A number of hedge funds and institutional investors have recently made changes to their positions in FCH. 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 worth $1,233,000 after buying an additional 1,254 shares during 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 worth $1,745,000 after buying an additional 7,865 shares during the last quarter. Coe Capital Management LLC purchased a new position in shares of FelCor Lodging Trust during the fourth quarter worth $2,033,000. Foresters Investment Management Company Inc. raised its position in shares of 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 during the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of 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 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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