Voya Investment Management LLC raised its holdings in FelCor Lodging Trust Incorporated (NYSE:FCH) by 10.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,423 shares of the real estate investment trust’s stock after purchasing an additional 6,233 shares during the period. Voya Investment Management LLC’s holdings in FelCor Lodging Trust were worth $457,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FCH. BlackRock Inc. lifted its holdings in shares of FelCor Lodging Trust by 5,602.2% in the first quarter. BlackRock Inc. now owns 11,528,165 shares of the real estate investment trust’s stock valued at $86,575,000 after purchasing an additional 11,325,993 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of FelCor Lodging Trust in the second quarter valued at about $16,974,000. JPMorgan Chase & Co. lifted its holdings in shares of FelCor Lodging Trust by 94.0% in the second quarter. JPMorgan Chase & Co. now owns 3,126,881 shares of the real estate investment trust’s stock valued at $22,545,000 after purchasing an additional 1,515,090 shares in the last quarter. Alpine Associates Management Inc. purchased a new stake in shares of FelCor Lodging Trust in the second quarter valued at about $6,900,000. Finally, Gluskin Sheff & Assoc Inc. purchased a new stake in shares of FelCor Lodging Trust in the second quarter valued at about $5,414,000. 78.78% of the stock is currently owned by institutional investors.

FelCor Lodging Trust Incorporated (NYSE FCH) opened at $7.30 on Wednesday. The company has a debt-to-equity ratio of -9.68, a quick ratio of 0.93 and a current ratio of 0.93. FelCor Lodging Trust Incorporated has a 52-week low of $6.00 and a 52-week 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 analysts’ consensus estimates of $0.29 by ($0.35). The firm had revenue of $220.40 million for the quarter, compared to analyst estimates of $222.20 million. FelCor Lodging Trust’s revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 earnings per share.

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Several analysts have issued reports on the stock. BidaskClub raised shares of FelCor Lodging Trust from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. FBR & Co reaffirmed a “neutral” rating and issued a $7.00 price target (down previously from $8.00) on shares of FelCor Lodging Trust in a report on Monday, August 14th. Zacks Investment Research lowered shares of FelCor Lodging Trust from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Finally, ValuEngine raised shares of FelCor Lodging Trust from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $7.00.

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

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