Dalton Greiner Hartman Maher & Co. lowered its stake in FelCor Lodging Trust Incorporated (NYSE:FCH) by 4.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 464,670 shares of the real estate investment trust’s stock after selling 21,048 shares during the period. Dalton Greiner Hartman Maher & Co. owned about 0.34% of FelCor Lodging Trust worth $3,350,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of FCH. LSV Asset Management bought a new position in FelCor Lodging Trust during the first quarter valued at $802,000. DUPONT CAPITAL MANAGEMENT Corp increased its stake in shares of FelCor Lodging Trust by 74.4% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 108,758 shares of the real estate investment trust’s stock worth $817,000 after buying an additional 46,404 shares in the last quarter. Real Estate Management Services LLC increased its stake in shares of FelCor Lodging Trust by 2.4% in the first quarter. Real Estate Management Services LLC now owns 3,442,813 shares of the real estate investment trust’s stock worth $25,856,000 after buying an additional 80,213 shares in the last quarter. Clear Harbor Asset Management LLC increased its stake in shares of FelCor Lodging Trust by 233.1% in the first quarter. Clear Harbor Asset Management LLC now owns 54,795 shares of the real estate investment trust’s stock worth $412,000 after buying an additional 38,345 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of FelCor Lodging Trust by 34.0% in the first quarter. State of Alaska Department of Revenue now owns 82,280 shares of the real estate investment trust’s stock worth $617,000 after buying an additional 20,880 shares in the last quarter. 76.20% of the stock is owned by hedge funds and other institutional investors.
Shares of FelCor Lodging Trust Incorporated (FCH) traded up 0.14% during midday trading on Friday, hitting $7.14. The stock had a trading volume of 3,586,036 shares. FelCor Lodging Trust Incorporated has a 12-month low of $6.00 and a 12-month high of $9.13. The company’s 50-day moving average price is $7.31 and its 200-day moving average price is $7.46. The firm’s market cap is $988.33 million.
FelCor Lodging Trust (NYSE:FCH) last posted its quarterly earnings results 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. FelCor Lodging Trust had a negative return on equity of 25.32% and a negative net margin of 3.25%. The company had revenue of $188.10 million during the quarter, compared to analyst estimates of $192.24 million. During the same period last year, the company posted $0.14 earnings per share. The company’s revenue was down 10.5% compared to the same quarter last year. Equities research analysts forecast that FelCor Lodging Trust Incorporated will post ($0.19) EPS for the current year.
The business 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 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Wednesday, July 12th. FelCor Lodging Trust’s dividend payout ratio (DPR) is presently -63.16%.
A number of brokerages have recently commented on FCH. BidaskClub raised FelCor Lodging Trust from a “strong sell” rating to a “sell” rating in a research report on Wednesday. ValuEngine raised FelCor Lodging Trust from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 14th. Finally, Zacks Investment Research raised FelCor Lodging Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $8.17.
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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