FelCor Lodging Trust Incorporated (FCH) Posts Quarterly Earnings Results, Misses Estimates By $0.35 EPS
FelCor Lodging Trust Incorporated (NYSE:FCH) issued its earnings results on Wednesday. The real estate investment trust reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.35, MarketWatch Earnings reports. FelCor Lodging Trust had a negative return on equity of 25.32% and a negative net margin of 3.25%. The business had revenue of $220.40 million for the quarter, compared to the consensus estimate of $222.20 million. During the same quarter in the prior year, the firm posted $0.32 earnings per share. The business’s revenue was down 7.4% compared to the same quarter last year.
FelCor Lodging Trust (NYSE:FCH) traded down 1.13% during mid-day trading on Thursday, reaching $7.02. The company had a trading volume of 127,348 shares. FelCor Lodging Trust has a 12-month low of $6.00 and a 12-month high of $9.13. The company’s market capitalization is $971.72 million. The stock has a 50-day moving average of $7.26 and a 200 day moving average of $7.40.
The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, July 14th were paid a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $0.24 annualized dividend and a yield of 3.38%. FelCor Lodging Trust’s dividend payout ratio (DPR) is presently -63.16%.
Several hedge funds have recently modified their holdings of FCH. Bank of Montreal Can increased its stake in shares of FelCor Lodging Trust by 298.9% in the second quarter. Bank of Montreal Can now owns 14,999 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 11,239 shares during the last quarter. Teza Capital Management LLC purchased a new position in shares of FelCor Lodging Trust during the first quarter valued at $136,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of FelCor Lodging Trust by 2.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 19,622 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 478 shares during the period. Gabelli Funds LLC purchased a new position in shares of FelCor Lodging Trust during the first quarter valued at $146,000. Finally, SG Americas Securities LLC purchased a new position in shares of FelCor Lodging Trust during the first quarter valued at $147,000. 75.42% of the stock is owned by institutional investors.
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Several brokerages have recently commented on FCH. ValuEngine upgraded FelCor Lodging Trust from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 14th. BidaskClub upgraded FelCor Lodging Trust from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research upgraded FelCor Lodging Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $8.17.
FelCor Lodging Trust Company Profile
FelCor Lodging Trust Incorporated is a real estate investment trust (REIT). The Company, through its subsidiary, FelCor Lodging Limited Partnership, held ownership interests in 39 hotels with 11,500 rooms, as of December 31, 2016. The Company sells, acquires, rebrands and redevelops hotels. As of December 31, 2016, the Company’s hotels were located in 14 states of the United States.
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