Teachers Advisors LLC trimmed its stake in FelCor Lodging Trust Incorporated (NYSE:FCH) by 25.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 242,353 shares of the real estate investment trust’s stock after selling 80,880 shares during the quarter. Teachers Advisors LLC owned 0.18% of FelCor Lodging Trust worth $1,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Legal & General Group Plc lifted its position in shares of FelCor Lodging Trust by 3.8% in the first quarter. Legal & General Group Plc now owns 341,723 shares of the real estate investment trust’s stock worth $2,566,000 after purchasing an additional 12,531 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of FelCor Lodging Trust by 2.1% in the first quarter. Vanguard Group Inc. now owns 20,627,919 shares of the real estate investment trust’s stock worth $154,915,000 after purchasing an additional 425,944 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in shares of FelCor Lodging Trust in the second quarter worth approximately $329,000. State of Wisconsin Investment Board lifted its position in shares of FelCor Lodging Trust by 275.0% in the second quarter. State of Wisconsin Investment Board now owns 489,800 shares of the real estate investment trust’s stock worth $3,531,000 after purchasing an additional 359,200 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in shares of FelCor Lodging Trust by 13,058.7% in the first quarter. Nuveen Asset Management LLC now owns 1,880,244 shares of the real estate investment trust’s stock worth $14,121,000 after purchasing an additional 1,865,955 shares in the last quarter. 78.78% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently issued reports on FCH. ValuEngine lowered shares of FelCor Lodging Trust from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 24th. FBR & Co reissued a “neutral” rating and issued a $7.00 price target (down from $8.00) on shares of FelCor Lodging Trust in a research report on Monday, August 14th. BidaskClub lowered shares of FelCor Lodging Trust from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Finally, Zacks Investment Research lowered shares of FelCor Lodging Trust from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. FelCor Lodging Trust currently has a consensus rating of “Hold” and an average price target of $7.00.

FelCor Lodging Trust (NYSE:FCH) last issued its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.35). The company had revenue of $220.40 million during the quarter, compared to analyst estimates of $222.20 million. During the same period in the previous year, the company earned $0.32 EPS. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year.

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FelCor Lodging Trust 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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Institutional Ownership by Quarter for FelCor Lodging Trust (NYSE:FCH)

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