FelCor Lodging Trust Inc. (FCH) Upgraded by Zacks Investment Research to Hold
According to Zacks, “FelCor Lodging Trust Inc., a real estate investment trust, is one of the nation’s largest owners of upper-upscale, all-suite hotels. FelCor’s diversified portfolio of hotels and resorts are flagged under global brands such as: Doubletree ®, Embassy Suites Hotels®, Hilton®, Fairmont®, Marriott®, Renaissance®, Sheraton®, Westin® and Holiday Inn®. FelCor Lodging Trust Inc., formerly known as FelCor Suite Hotels, Inc., is based in Irving, Texas. “
Several other research analysts also recently weighed in on the stock. JMP Securities downgraded shares of FelCor Lodging Trust from an outperform rating to a market perform rating in a report on Friday, September 16th. Janney Montgomery Scott initiated coverage on shares of FelCor Lodging Trust in a report on Monday, September 26th. They issued a buy rating and a $7.50 target price for the company. Finally, Deutsche Bank AG reaffirmed a hold rating and issued a $8.00 target price on shares of FelCor Lodging Trust in a report on Monday, June 27th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $7.90.
FelCor Lodging Trust (NYSE:FCH) opened at 6.43 on Friday. The stock’s market cap is $888.72 million. The stock has a 50 day moving average price of $6.60 and a 200 day moving average price of $6.85. 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 issued its earnings results on Tuesday, July 26th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.01. The firm earned $237.90 million during the quarter, compared to the consensus estimate of $240.19 million. FelCor Lodging Trust had a negative return on equity of 151.76% and a negative net margin of 0.44%. The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 EPS. On average, analysts forecast that FelCor Lodging Trust will post $0.90 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, October 14th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Wednesday, October 12th. FelCor Lodging Trust’s payout ratio is -120.00%.
Several hedge funds and other institutional investors have recently made changes to their positions in FCH. Norges Bank acquired a new position in shares of FelCor Lodging Trust during the fourth quarter worth approximately $11,419,000. Aperio Group LLC raised its stake in FelCor Lodging Trust by 37.4% in the first quarter. Aperio Group LLC now owns 72,543 shares of the company’s stock worth $589,000 after buying an additional 19,728 shares during the period. BlackRock Inc. raised its stake in FelCor Lodging Trust by 10.1% in the first quarter. BlackRock Inc. now owns 143,482 shares of the company’s stock worth $1,165,000 after buying an additional 13,113 shares during the period. BlackRock Group LTD raised its stake in FelCor Lodging Trust by 1.4% in the first quarter. BlackRock Group LTD now owns 1,098,410 shares of the company’s stock worth $8,920,000 after buying an additional 15,692 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in FelCor Lodging Trust by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 5,227,653 shares of the company’s stock worth $42,449,000 after buying an additional 79,092 shares during the period. 81.01% of the stock is owned by hedge funds and other institutional investors.
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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