$0.28 Earnings Per Share Expected for FelCor Lodging Trust Incorporated (FCH) This Quarter
Equities analysts expect that FelCor Lodging Trust Incorporated (NYSE:FCH) will report earnings of $0.28 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for FelCor Lodging Trust’s earnings, with estimates ranging from $0.27 to $0.30. FelCor Lodging Trust reported earnings per share of $0.32 during the same quarter last year, which indicates a negative year-over-year growth rate of 12.5%. The business is scheduled to announce its next earnings results on Tuesday, July 25th.
According to Zacks, analysts expect that FelCor Lodging Trust will report full year earnings of $0.83 per share for the current year, with EPS estimates ranging from $0.78 to $0.87. For the next fiscal year, analysts forecast that the company will report earnings of $0.87 per share, with EPS estimates ranging from $0.78 to $0.92. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for FelCor Lodging Trust.
FelCor Lodging Trust (NYSE:FCH) last announced its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The company had revenue of $188.10 million during the quarter, compared to analyst estimates of $192.24 million. FelCor Lodging Trust had a negative net margin of 3.25% and a negative return on equity of 25.32%. FelCor Lodging Trust’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 EPS.
FCH has been the topic of several recent research reports. ValuEngine downgraded FelCor Lodging Trust from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research raised FelCor Lodging Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, April 18th. Three 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 presently has an average rating of “Hold” and an average target price of $8.17.
Shares of FelCor Lodging Trust (FCH) traded up 1.72% during mid-day trading on Tuesday, reaching $7.08. The company had a trading volume of 636,824 shares. The firm’s 50 day moving average is $7.30 and its 200-day moving average is $7.55. FelCor Lodging Trust has a 12-month low of $6.00 and a 12-month high of $9.13. The stock’s market capitalization is $980.02 million.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, July 14th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Wednesday, July 12th. FelCor Lodging Trust’s dividend payout ratio (DPR) is presently -63.16%.
Several hedge funds and other institutional investors have recently bought and sold shares of FCH. Russell Investments Group Ltd. acquired a new position in FelCor Lodging Trust during the fourth quarter valued at $1,352,000. State Street Corp raised its position in FelCor Lodging Trust by 2.7% in the fourth quarter. State Street Corp now owns 4,607,085 shares of the real estate investment trust’s stock valued at $36,901,000 after buying an additional 122,491 shares during the period. Credit Agricole S A raised its position in FelCor Lodging Trust by 61.4% in the fourth quarter. Credit Agricole S A now owns 87,666 shares of the real estate investment trust’s stock valued at $702,000 after buying an additional 33,357 shares during the period. Renaissance Technologies LLC raised its position in FelCor Lodging Trust by 39.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,748,402 shares of the real estate investment trust’s stock valued at $14,005,000 after buying an additional 491,102 shares during the period. Finally, A.R.T. Advisors LLC acquired a new position in FelCor Lodging Trust during the fourth quarter valued at $389,000. 76.21% of the stock is owned by hedge funds and other institutional investors.
About FelCor Lodging Trust
FelCor Lodging Trust Incorporated is a real estate investment trust (REIT). The Company, through its subsidiary, FelCor Lodging Limited Partnership, held ownership interests in 39 hotels with 11,500 rooms, as of December 31, 2016. The Company sells, acquires, rebrands and redevelops hotels. As of December 31, 2016, the Company’s hotels were located in 14 states of the United States.
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