Insider Selling: FelCor Lodging Trust Inc. (FCH) EVP Sells $362,791.00 in Stock
FelCor Lodging Trust Inc. (NYSE:FCH) EVP Jonathan H. Yellen sold 55,814 shares of the firm’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $6.50, for a total value of $362,791.00. Following the completion of the sale, the executive vice president now 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 this link.
Shares of FelCor Lodging Trust Inc. (NYSE:FCH) opened at 6.85 on Monday. FelCor Lodging Trust Inc. has a 52-week low of $5.47 and a 52-week high of $8.21. The firm’s market cap is $943.85 million. The stock’s 50 day moving average price is $6.44 and its 200-day moving average price is $6.57.
FelCor Lodging Trust (NYSE:FCH) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. FelCor Lodging Trust had a negative return on equity of 26.61% and a negative net margin of 0.09%. The firm earned $223 million during the quarter, compared to the consensus estimate of $222.17 million. During the same period in the prior year, the firm earned $0.25 EPS. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, equities research analysts anticipate that FelCor Lodging Trust Inc. will post $0.89 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Friday, October 14th were issued a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, October 12th. This represents a $0.24 annualized dividend and a yield of 3.50%. FelCor Lodging Trust’s dividend payout ratio is currently -133.33%.
FCH has been the subject of a number of recent analyst reports. FBR & Co set a $8.00 price target on FelCor Lodging Trust and gave the stock a “buy” rating in a report on Wednesday, November 2nd. Janney Montgomery Scott initiated coverage on FelCor Lodging Trust in a report on Monday, September 26th. They set a “buy” rating and a $7.50 price target for the company. Zacks Investment Research raised FelCor Lodging Trust from a “sell” rating to a “hold” rating in a report on Friday, November 4th. Finally, JMP Securities downgraded FelCor Lodging Trust from an “outperform” rating to a “market perform” rating in a report on Friday, September 16th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $7.50.
A number of hedge funds have recently made changes to their positions in FCH. Principal Financial Group Inc. increased its stake in shares of FelCor Lodging Trust by 1.8% in the third quarter. Principal Financial Group Inc. now owns 18,560 shares of the company’s stock valued at $119,000 after buying an additional 322 shares in the last quarter. BlackRock Inc. boosted its position in FelCor Lodging Trust by 0.3% in the second quarter. BlackRock Inc. now owns 143,969 shares of the company’s stock worth $898,000 after buying an additional 487 shares during the last quarter. BlackRock Advisors LLC boosted its position in FelCor Lodging Trust by 1.0% in the second quarter. BlackRock Advisors LLC now owns 135,056 shares of the company’s stock worth $841,000 after buying an additional 1,366 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in FelCor Lodging Trust by 2.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 82,030 shares of the company’s stock worth $527,000 after buying an additional 2,000 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in FelCor Lodging Trust by 10.6% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 21,944 shares of the company’s stock worth $137,000 after buying an additional 2,100 shares during the last quarter. Hedge funds and other institutional investors own 82.08% of the company’s stock.
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.
Receive News & Stock Ratings for FelCor Lodging Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FelCor Lodging Trust Inc. and related stocks with our FREE daily email newsletter.