FelCor Lodging Trust Incorporated (NYSE:FCH) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totalling 1,532,760 shares, a decline of 40.6% from the June 15th total of 2,578,887 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average trading volume of 1,339,032 shares, the days-to-cover ratio is presently 1.1 days.
FelCor Lodging Trust (NYSE FCH) opened at 7.21 on Tuesday. The firm’s market cap is $998.02 million. The stock has a 50 day moving average price of $7.30 and a 200 day moving average price of $7.44. FelCor Lodging Trust has a one year low of $6.00 and a one year high of $9.13.
FelCor Lodging Trust (NYSE:FCH) last announced its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the 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 business had revenue of $188.10 million for the quarter, compared to analyst estimates of $192.24 million. During the same quarter last year, the company posted $0.14 EPS. FelCor Lodging Trust’s quarterly revenue was down 10.5% on a year-over-year basis. Equities research analysts expect that FelCor Lodging Trust will post ($0.19) EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, July 14th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $0.24 annualized dividend and a dividend yield of 3.33%. FelCor Lodging Trust’s dividend payout ratio (DPR) is -63.16%.
Several large investors have recently made changes to their positions in the company. Quantitative Systematic Strategies LLC purchased a new stake in shares of FelCor Lodging Trust during the second quarter worth approximately $329,000. Chicago Capital Management LLC purchased a new stake in shares of FelCor Lodging Trust during the second quarter worth approximately $1,987,000. 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. Nuveen Asset Management LLC increased its stake in shares of FelCor Lodging Trust by 13,058.7% in the first quarter. Nuveen Asset Management LLC now owns 1,880,244 shares of the real estate investment trust’s stock worth $14,121,000 after buying an additional 1,865,955 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of FelCor Lodging Trust by 35.6% in the first quarter. Goldman Sachs Group Inc. now owns 442,727 shares of the real estate investment trust’s stock worth $3,325,000 after buying an additional 116,294 shares during the last quarter. Institutional investors and hedge funds own 76.39% of the company’s stock.
FCH has been the subject of several analyst reports. Zacks Investment Research cut FelCor Lodging Trust from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. BidaskClub raised FelCor Lodging Trust from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, ValuEngine raised FelCor Lodging Trust from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. FelCor Lodging Trust has a consensus rating of “Hold” and an average target price of $8.17.
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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