FelCor Lodging Trust Inc. (FCH) EVP Jonathan H. Yellen Sells 70,000 Shares of Stock
FelCor Lodging Trust Inc. (NYSE:FCH) EVP Jonathan H. Yellen sold 70,000 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $6.50, for a total value of $455,000.00. Following the completion of the transaction, the executive vice president now directly owns 198,631 shares in the company, valued at $1,291,101.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
FelCor Lodging Trust Inc. (NYSE:FCH) traded down 0.46% during trading on Thursday, reaching $6.54. The company had a trading volume of 162,223 shares. FelCor Lodging Trust Inc. has a 12-month low of $5.47 and a 12-month high of $8.23. The firm has a 50-day moving average price of $6.43 and a 200 day moving average price of $6.58. The stock’s market cap is $903.92 million.
FelCor Lodging Trust (NYSE:FCH) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.28 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.28. The business earned $223 million during the quarter, compared to analyst estimates of $222.17 million. FelCor Lodging Trust had a negative net margin of 0.09% and a negative return on equity of 26.61%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Friday, October 14th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Wednesday, October 12th. FelCor Lodging Trust’s dividend payout ratio is currently -133.33%.
FCH has been the topic of a number of analyst reports. FBR & Co set a $8.00 target price on FelCor Lodging Trust and gave the stock a “buy” rating in a research report on Wednesday, November 2nd. Janney Montgomery Scott initiated coverage on FelCor Lodging Trust in a research report on Monday, September 26th. They set a “buy” rating and a $7.50 target price on the stock. Zacks Investment Research raised FelCor Lodging Trust from a “sell” rating to a “hold” rating in a research report on Friday, November 4th. Finally, JMP Securities lowered FelCor Lodging Trust from an “outperform” rating to a “market perform” rating in a research report on Friday, September 16th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $7.50.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Institutional Trust Company N.A. raised its position in shares of 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 in the last quarter. State Street Corp raised its position in shares of FelCor Lodging Trust by 2.2% in the first quarter. State Street Corp now owns 4,223,167 shares of the company’s stock worth $34,296,000 after buying an additional 91,498 shares in the last quarter. AXA bought a new position in shares of FelCor Lodging Trust during the first quarter worth approximately $215,000. Legal & General Group Plc raised its position in shares of FelCor Lodging Trust by 12.1% in the first quarter. Legal & General Group Plc now owns 292,091 shares of the company’s stock worth $2,371,000 after buying an additional 31,419 shares in the last quarter. Finally, Land & Buildings Investment Management LLC raised its position in shares of FelCor Lodging Trust by 79.2% in the first quarter. Land & Buildings Investment Management LLC now owns 5,441,369 shares of the company’s stock worth $44,184,000 after buying an additional 2,404,588 shares in the last quarter. 80.73% 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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