FelCor Lodging Trust Inc. (FCH) Trading Down 3.1%
FelCor Lodging Trust Inc. (NYSE:FCH) traded down 3.1% during mid-day trading on Thursday . The company traded as low as $6.89 and last traded at $6.89, with a volume of 637,766 shares. The stock had previously closed at $7.11.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded FelCor Lodging Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 12th. Deutsche Bank AG reiterated a “hold” rating and set a $8.00 price objective on shares of FelCor Lodging Trust in a research note on Monday, June 27th.
The firm has a 50-day moving average price of $6.58 and a 200-day moving average price of $7.01. The firm’s market cap is $950.91 million.
FelCor Lodging Trust (NYSE:FCH) last released its earnings results on Tuesday, July 26th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by $0.01. During the same period in the prior year, the company earned $0.28 earnings per share. The company earned $237.90 million during the quarter, compared to analyst estimates of $240.19 million. FelCor Lodging Trust’s revenue for the quarter 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 earnings per share for the current fiscal year.
In related news, Director Robert F. Cotter sold 15,918 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The stock was 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 owns 116,300 shares of the company’s stock, valued at $737,342. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
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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