Investment analysts at Janney Montgomery Scott assumed coverage on shares of FelCor Lodging Trust Inc. (NYSE:FCH) in a research report issued to clients and investors on Monday. The brokerage set a “buy” rating and a $7.50 price target on the stock. Janney Montgomery Scott’s price target would indicate a potential upside of 16.46% from the stock’s previous close.
Other analysts also recently issued reports about the company. Zacks Investment Research upgraded FelCor Lodging Trust from a “hold” rating to a “buy” rating and set a $6.50 target price for the company in a research note on Tuesday, June 28th. Deutsche Bank AG restated a “hold” rating and set a $8.00 target price on shares of FelCor Lodging Trust in a research note on Monday, June 27th. Finally, JMP Securities downgraded FelCor Lodging Trust from an “outperform” rating to a “market perform” rating in a research note on Friday, September 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $7.90.
FelCor Lodging Trust (NYSE:FCH) opened at 6.44 on Monday. The firm’s market cap is $890.10 million. FelCor Lodging Trust has a 12 month low of $5.47 and a 12 month high of $8.63. The company has a 50-day moving average price of $6.60 and a 200 day moving average price of $6.87.
FelCor Lodging Trust (NYSE:FCH) last announced its earnings results on Tuesday, July 26th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.01. The business had revenue of $237.90 million for the quarter, compared to analyst estimates of $240.19 million. FelCor Lodging Trust had a negative net margin of 0.44% and a negative return on equity of 151.76%. The firm’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share. Equities research analysts anticipate that FelCor Lodging Trust will post $0.90 EPS for the current year.
In other news, Director Robert F. Cotter sold 15,918 shares of the stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $6.34, for a total transaction of $100,920.12. Following the transaction, the director now owns 116,300 shares of the company’s stock, valued at $737,342. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.30% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Land & Buildings Investment Management LLC boosted its position in shares of FelCor Lodging Trust by 79.2% in the first quarter. Land & Buildings Investment Management LLC now owns 5,441,369 shares of the company’s stock worth $44,184,000 after buying an additional 2,404,588 shares in the last quarter. Norges Bank acquired a new position in shares of FelCor Lodging Trust during the fourth quarter worth about $11,419,000. Real Estate Management Services LLC boosted its position in shares of FelCor Lodging Trust by 21.2% in the second quarter. Real Estate Management Services LLC now owns 4,407,500 shares of the company’s stock worth $27,459,000 after buying an additional 770,800 shares in the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of FelCor Lodging Trust during the second quarter worth about $4,693,000. Finally, American Century Companies Inc. boosted its position in shares of FelCor Lodging Trust by 89.4% in the second quarter. American Century Companies Inc. now owns 1,025,805 shares of the company’s stock worth $6,391,000 after buying an additional 484,248 shares in the last quarter. 81.01% of the stock is currently owned by hedge funds and other institutional investors.
About FelCor Lodging Trust
FelCor Lodging Trust Incorporated is a real estate investment trust. The Company, through its subsidiary, FelCor Lodging Limited Partnership, holds ownership interests in approximately 40 hotels with over 12,440 rooms. The Company sells, acquires, rebrands and redevelops hotels. The Company’s hotels are located in approximately 20 states of the United States.
Receive News & Ratings for FelCor Lodging Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FelCor Lodging Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.