FelCor Lodging Trust Inc. (FCH) Now Covered by Janney Montgomery Scott
Janney Montgomery Scott began coverage on shares of FelCor Lodging Trust Inc. (NYSE:FCH) in a note issued to investors on Monday. The brokerage set a “buy” rating and a $7.50 price target on the stock. Janney Montgomery Scott’s target price points to a potential upside of 16.46% from the company’s previous close.
Other analysts also recently issued reports about the company. Deutsche Bank AG reaffirmed a “hold” rating and set a $8.00 price target on shares of FelCor Lodging Trust in a report on Monday, June 27th. Zacks Investment Research raised FelCor Lodging Trust from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a report on Tuesday, June 28th. Finally, JMP Securities downgraded FelCor Lodging Trust from an “outperform” rating to a “market perform” rating in a report on Friday, September 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $7.90.
FelCor Lodging Trust (NYSE:FCH) opened at 6.44 on Monday. The firm’s market capitalization is $890.10 million. The stock has a 50 day moving average price of $6.60 and a 200-day moving average price of $6.87. FelCor Lodging Trust has a one year low of $5.47 and a one year high of $8.63.
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 Thomson Reuters’ consensus estimate of $0.33 by $0.01. FelCor Lodging Trust had a negative return on equity of 151.76% and a negative net margin of 0.44%. The company had revenue of $237.90 million for the quarter, compared to analyst estimates of $240.19 million. During the same period in the previous year, the firm earned $0.28 earnings per share. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, analysts predict that FelCor Lodging Trust will post $0.90 earnings per share for the current fiscal year.
In other news, Director Robert F. Cotter sold 15,918 shares of the business’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $6.34, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.30% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of FCH. Macquarie Group Ltd. increased its stake in FelCor Lodging Trust by 84.6% in the second quarter. Macquarie Group Ltd. now owns 78,100 shares of the company’s stock valued at $487,000 after buying an additional 35,800 shares during the last quarter. Legal & General Group Plc boosted its position in shares of FelCor Lodging Trust by 10.0% in the second quarter. Legal & General Group Plc now owns 321,368 shares of the company’s stock valued at $2,002,000 after buying an additional 29,277 shares during the period. Numeric Investors LLC bought a new position in shares of FelCor Lodging Trust during the second quarter valued at about $2,251,000. Cubist Systematic Strategies LLC bought a new position in shares of FelCor Lodging Trust during the second quarter valued at about $212,000. Finally, AQR Capital Management LLC boosted its position in shares of FelCor Lodging Trust by 36.8% in the second quarter. AQR Capital Management LLC now owns 285,945 shares of the company’s stock valued at $1,781,000 after buying an additional 76,937 shares during the period. 81.01% of the stock is owned by institutional investors and hedge funds.
About FelCor Lodging Trust
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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