Eii Capital Management Inc. lowered its stake in shares of FelCor Lodging Trust Incorporated (NYSE:FCH) by 69.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,700 shares of the real estate investment trust’s stock after selling 339,300 shares during the period. Eii Capital Management Inc. owned approximately 0.11% of FelCor Lodging Trust worth $1,087,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Bank of Montreal Can raised its position 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 period. Teza Capital Management LLC acquired a new position in shares of FelCor Lodging Trust during the first quarter worth about $136,000. Gabelli Funds LLC acquired a new position in shares of FelCor Lodging Trust during the first quarter worth about $146,000. SG Americas Securities LLC acquired a new position in shares of FelCor Lodging Trust during the first quarter worth about $147,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position 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 period. 78.78% of the stock is owned by institutional investors.

Shares of FelCor Lodging Trust Incorporated (FCH) opened at 7.22 on Thursday. The firm’s market cap is $999.40 million. The stock’s 50 day moving average price is $7.19 and its 200-day moving average price is $7.35. FelCor Lodging Trust Incorporated has a 12 month low of $6.00 and a 12 month high of $9.13.

FelCor Lodging Trust (NYSE:FCH) last posted its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.35. FelCor Lodging Trust had a negative return on equity of 25.32% and a negative net margin of 5.15%. The firm had revenue of $220.40 million for the quarter, compared to analyst estimates of $222.20 million. During the same quarter last year, the company earned $0.32 earnings per share. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. Equities research analysts anticipate that FelCor Lodging Trust Incorporated will post ($0.37) earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Monday, August 28th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Thursday, August 24th. FelCor Lodging Trust’s dividend payout ratio (DPR) is presently -48.98%.

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A number of equities research analysts have weighed in on the company. BidaskClub downgraded FelCor Lodging Trust from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. ValuEngine downgraded FelCor Lodging Trust from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 24th. FBR & Co restated a “neutral” rating and issued a $7.00 target price (down from $8.00) on shares of FelCor Lodging Trust in a research report on Monday, August 14th. Finally, Zacks Investment Research downgraded FelCor Lodging Trust from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $7.83.

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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Institutional Ownership by Quarter for FelCor Lodging Trust (NYSE:FCH)

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