FelCor Lodging Trust Incorporated (FCH) Downgraded by Zacks Investment Research to Sell
Zacks Investment Research cut shares of FelCor Lodging Trust Incorporated (NYSE:FCH) from a hold rating to a sell rating in a research note released on Thursday.
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. “
A number of other analysts also recently issued reports on FCH. ValuEngine raised FelCor Lodging Trust from a buy rating to a strong-buy rating in a research report on Friday, July 14th. BidaskClub raised FelCor Lodging Trust from a strong sell rating to a sell rating in a research report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $7.83.
Shares of FelCor Lodging Trust (NYSE:FCH) traded up 1.329% during midday trading on Thursday, reaching $7.245. 1,215,315 shares of the company traded hands. FelCor Lodging Trust has a 1-year low of $6.00 and a 1-year high of $9.13. The stock has a 50 day moving average price of $7.24 and a 200 day moving average price of $7.40. The firm’s market capitalization is $1.00 billion.
FelCor Lodging Trust (NYSE:FCH) last issued its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by $0.35. The business had revenue of $220.40 million for the quarter, compared to analyst estimates of $222.20 million. FelCor Lodging Trust had a negative return on equity of 25.32% and a negative net margin of 5.15%. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 earnings per share. Analysts expect that FelCor Lodging Trust will post ($0.24) earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, July 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 3.36%. The ex-dividend date of this dividend was Wednesday, July 12th. FelCor Lodging Trust’s payout ratio is -48.98%.
Several hedge funds have recently modified their holdings of the company. Bank of Montreal Can increased its stake in shares of FelCor Lodging Trust by 298.9% in the second quarter. Bank of Montreal Can now owns 14,999 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 11,239 shares during the last quarter. Teza Capital Management LLC acquired a new stake in shares of FelCor Lodging Trust during the first quarter worth about $136,000. Gabelli Funds LLC acquired a new stake in shares of FelCor Lodging Trust during the first quarter worth about $146,000. SG Americas Securities LLC acquired a new stake in shares of FelCor Lodging Trust during the first quarter worth about $147,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of FelCor Lodging Trust by 2.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 19,622 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 478 shares during the last quarter. 77.12% 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 (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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