Jeffrey D. Symes Sells 7,100 Shares of FelCor Lodging Trust Inc. (FCH) Stock
FelCor Lodging Trust Inc. (NYSE:FCH) SVP Jeffrey D. Symes sold 7,100 shares of the firm’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $7.09, for a total transaction of $50,339.00. Following the transaction, the senior vice president now directly owns 88,938 shares of the company’s stock, valued at approximately $630,570.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
FelCor Lodging Trust Inc. (NYSE:FCH) opened at 7.01 on Monday. The company’s 50-day moving average is $6.50 and its 200-day moving average is $6.56. The company’s market cap is $965.89 million. FelCor Lodging Trust Inc. has a 52 week low of $5.47 and a 52 week high of $8.21.
FelCor Lodging Trust (NYSE:FCH) last posted its earnings results on Tuesday, November 1st. The company reported $0.28 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.28. The business had revenue of $223 million for 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%. FelCor Lodging Trust’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 EPS. On average, analysts anticipate that FelCor Lodging Trust Inc. will post $0.89 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Friday, October 14th were paid a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, October 12th. This represents a $0.24 dividend on an annualized basis and a yield of 3.42%. FelCor Lodging Trust’s dividend payout ratio is presently -133.33%.
Institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in FelCor Lodging Trust by 1.8% in the third quarter. Principal Financial Group Inc. now owns 18,560 shares of the company’s stock worth $119,000 after buying an additional 322 shares in the last quarter. Acrospire Investment Management LLC boosted its position in FelCor Lodging Trust by 36.6% in the third quarter. Acrospire Investment Management LLC now owns 20,095 shares of the company’s stock worth $129,000 after buying an additional 5,389 shares in the last quarter. 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 in the last quarter. SG Americas Securities LLC bought a new position in FelCor Lodging Trust during the third quarter worth approximately $142,000. Finally, Analytic Investors LLC bought a new position in FelCor Lodging Trust during the third quarter worth approximately $156,000. 81.43% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on FCH shares. JMP Securities downgraded shares of FelCor Lodging Trust from an “outperform” rating to a “market perform” rating in a research note on Friday, September 16th. Janney Montgomery Scott started coverage on shares of FelCor Lodging Trust in a research note on Monday, September 26th. They set a “buy” rating and a $7.50 price target for the company. Zacks Investment Research raised shares of FelCor Lodging Trust from a “sell” rating to a “hold” rating in a research note on Friday, September 30th. Finally, FBR & Co set a $8.00 price target on shares of FelCor Lodging Trust and gave the company a “buy” rating in a research note on Wednesday, November 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. FelCor Lodging Trust currently has an average rating of “Hold” and a consensus target price of $7.50.
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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