FelCor Lodging Trust Inc. (fch) to Issue Quarterly Dividend of $0.06
FelCor Lodging Trust Inc. (NYSE:fch) declared a quarterly dividend on Thursday, September 29th. Shareholders of record on Friday, October 14th will be given a dividend of 0.06 per share on Monday, October 31st. This represents a $0.24 annualized dividend and a yield of 3.73%. The ex-dividend date is Wednesday, October 12th.
FelCor Lodging Trust (NYSE:FCH) opened at 6.43 on Friday. The stock’s 50 day moving average price is $6.59 and its 200-day moving average price is $6.86. The stock’s market cap is $888.72 million. FelCor Lodging Trust has a 12 month low of $5.47 and a 12 month high of $8.63.
FelCor Lodging Trust (NYSE:FCH) last announced its earnings results on Tuesday, July 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the 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 firm earned $237.90 million during the quarter, compared to the consensus estimate of $240.19 million. During the same period in the prior year, the company posted $0.28 EPS. The firm’s revenue was down 1.3% on a year-over-year basis. Analysts anticipate that FelCor Lodging Trust will post $0.90 EPS for the current fiscal year.
A number of research firms recently weighed in on FCH. Deutsche Bank AG reaffirmed a “hold” rating and set a $8.00 price objective on shares of FelCor Lodging Trust in a research 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 objective for the company in a research report on Tuesday, June 28th. JMP Securities lowered FelCor Lodging Trust from an “outperform” rating to a “market perform” rating in a research report on Friday, September 16th. Finally, Janney Montgomery Scott began coverage on FelCor Lodging Trust in a research report on Monday. They set a “buy” rating and a $7.50 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $7.90.
Hedge funds have recently bought and sold shares of the company. Jefferies Group LLC acquired a new stake in FelCor Lodging Trust during the second quarter worth approximately $163,000. Hsbc Holdings PLC raised its stake in FelCor Lodging Trust by 13.4% in the second quarter. Hsbc Holdings PLC now owns 31,821 shares of the company’s stock worth $198,000 after buying an additional 3,749 shares during the last quarter. Stevens Capital Management LP acquired a new stake in FelCor Lodging Trust during the second quarter worth approximately $206,000. Cubist Systematic Strategies LLC acquired a new stake in FelCor Lodging Trust during the second quarter worth approximately $212,000. Finally, Clinton Group Inc. acquired a new stake in FelCor Lodging Trust during the second quarter worth approximately $253,000. 81.01% of the stock is owned by institutional investors and hedge funds.
FelCor Lodging Trust Company Profile
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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