FelCor Lodging Trust Incorporated (NYSE:FCH) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 1,532,760 shares, a decrease of 40.6% from the June 15th total of 2,578,887 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average trading volume of 1,339,032 shares, the days-to-cover ratio is presently 1.1 days.
A number of analysts recently issued reports on the stock. ValuEngine raised shares of FelCor Lodging Trust from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 14th. Zacks Investment Research raised shares of FelCor Lodging Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, BidaskClub raised shares of FelCor Lodging Trust from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $8.17.
A number of hedge funds and other institutional investors have recently modified their holdings of FCH. Bank of Montreal Can increased 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 in the last quarter. Teza Capital Management LLC acquired a new position in shares of FelCor Lodging Trust during the first quarter valued at approximately $136,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased 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 valued at $141,000 after buying an additional 478 shares in the last quarter. Gabelli Funds LLC acquired a new position in shares of FelCor Lodging Trust during the first quarter valued at approximately $146,000. Finally, SG Americas Securities LLC purchased a new stake in shares of FelCor Lodging Trust during the first quarter valued at $147,000. 76.35% of the stock is currently owned by institutional investors.
FelCor Lodging Trust (NYSE FCH) opened at 7.22 on Friday. FelCor Lodging Trust has a 1-year low of $6.00 and a 1-year high of $9.13. The stock’s market capitalization is $999.40 million. The stock’s 50 day moving average price is $7.29 and its 200 day moving average price is $7.42.
FelCor Lodging Trust (NYSE:FCH) last issued 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 during the quarter, compared to the consensus estimate of $192.24 million. FelCor Lodging Trust had a negative net margin of 3.25% and a negative return on equity of 25.32%. The firm’s revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 earnings per share. Equities research analysts forecast that FelCor Lodging Trust will post ($0.19) earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, July 14th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend was Wednesday, July 12th. FelCor Lodging Trust’s dividend payout ratio is currently -63.16%.
WARNING: This article was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://stocknewstimes.com/2017/08/04/felcor-lodging-trust-incorporated-fch-short-interest-down-40-6-in-june-updated.html.
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.
