FelCor Lodging Trust Inc. (NYSE:FCH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.
According to Zacks, “FelCor Lodging Trust Inc., a real estate investment trust, is one of the nation’s largest owners of upper-upscale, all-suite hotels. FelCor’s diversified portfolio of hotels and resorts are flagged under global brands such as: Doubletree ®, Embassy Suites Hotels®, Hilton®, Fairmont®, Marriott®, Renaissance®, Sheraton®, Westin® and Holiday Inn®. FelCor Lodging Trust Inc., formerly known as FelCor Suite Hotels, Inc., is based in Irving, Texas. “
Other equities analysts have also issued reports about the company. Janney Montgomery Scott began coverage on FelCor Lodging Trust in a research note on Monday, September 26th. They issued a “buy” rating and a $7.50 price objective on the stock. Deutsche Bank AG reissued a “hold” rating and issued a $8.00 price target on shares of FelCor Lodging Trust in a research note on Monday, June 27th. Finally, JMP Securities lowered FelCor Lodging Trust from an “outperform” rating to a “market perform” rating in a research note on Friday, September 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $7.90.
FelCor Lodging Trust (NYSE:FCH) opened at 6.45 on Tuesday. The company’s market capitalization is $891.48 million. FelCor Lodging Trust has a 52 week low of $5.47 and a 52 week high of $8.63. The stock’s 50 day moving average is $6.56 and its 200 day moving average is $6.78.
FelCor Lodging Trust (NYSE:FCH) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.01. The company earned $237.90 million during the quarter, compared to analyst estimates of $240.19 million. FelCor Lodging Trust had a negative return on equity of 151.76% and a negative net margin of 0.44%. FelCor Lodging Trust’s revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 earnings per share. Analysts predict that FelCor Lodging Trust will post $0.90 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, October 14th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date is Wednesday, October 12th. FelCor Lodging Trust’s payout ratio is -120.00%.
Institutional investors have recently modified their holdings of the company. Land & Buildings Investment Management LLC raised 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 during the last quarter. Real Estate Management Services LLC raised 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 during the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of FelCor Lodging Trust during the second quarter worth $4,693,000. American Century Companies Inc. raised 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 during the last quarter. Finally, Numeric Investors LLC purchased a new position in shares of FelCor Lodging Trust during the second quarter worth $2,251,000. 81.01% of the stock is currently owned by 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.
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