BidaskClub upgraded shares of FelCor Lodging Trust Incorporated (NYSE:FCH) from a strong sell rating to a sell rating in a report published on Wednesday.
Other equities analysts have also issued research reports about the company. ValuEngine lowered FelCor Lodging Trust from a strong-buy rating to a buy rating in a research note on Friday, June 2nd. Zacks Investment Research raised FelCor Lodging Trust from a sell rating to a hold rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $8.17.
Shares of FelCor Lodging Trust (FCH) traded down 1.52% during mid-day trading on Wednesday, reaching $7.14. The company had a trading volume of 370,456 shares. The company’s market capitalization is $988.33 million. FelCor Lodging Trust has a 1-year low of $6.00 and a 1-year high of $9.13. The stock’s 50-day moving average price is $7.31 and its 200 day moving average price is $7.46.
FelCor Lodging Trust (NYSE:FCH) last released its quarterly earnings data on Tuesday, May 9th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.03. The company had revenue of $188.10 million for the quarter, compared to analyst estimates of $192.24 million. FelCor Lodging Trust had a negative return on equity of 25.32% and a negative net margin of 3.25%. The business’s quarterly revenue was down 10.5% on a year-over-year basis. During the same period last year, the firm posted $0.14 EPS. Equities analysts expect that FelCor Lodging Trust will post ($0.19) EPS for the current year.
ILLEGAL ACTIVITY WARNING: This story was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this story on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark legislation. The original version of this story can be read at https://stocknewstimes.com/2017/07/20/felcor-lodging-trust-incorporated-nysefch-upgraded-to-sell-by-bidaskclub.html.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, July 14th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Wednesday, July 12th. FelCor Lodging Trust’s dividend payout ratio (DPR) is presently -63.16%.
Institutional investors have recently made changes to their positions in 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 valued at $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 valued at approximately $136,000. Gabelli Funds LLC acquired a new position in shares of FelCor Lodging Trust during the first quarter valued at approximately $146,000. SG Americas Securities LLC acquired a new position in shares of FelCor Lodging Trust during the first quarter valued at approximately $147,000. Finally, Dynamic Technology Lab Private Ltd raised its position in shares of FelCor Lodging Trust by 44.8% in the first quarter. Dynamic Technology Lab Private Ltd now owns 20,281 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 6,279 shares during the period. 76.20% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for FelCor Lodging Trust Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FelCor Lodging Trust Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.
