FelCor Lodging Trust Inc. (NYSE:FCH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday.
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. “
Several other equities research analysts have also recently weighed in on FCH. Deutsche Bank AG restated a “hold” rating and issued a $8.00 price objective on shares of FelCor Lodging Trust in a research report on Monday, June 27th. Janney Montgomery Scott began coverage on shares of FelCor Lodging Trust in a research report on Monday. They issued a “buy” rating and a $7.50 price objective for the company. Finally, JMP Securities cut shares of FelCor Lodging Trust from an “outperform” rating to a “market perform” rating in a research report on Friday, September 16th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $7.90.
FelCor Lodging Trust (NYSE:FCH) remained flat at $6.43 on Friday. 648,840 shares of the company were exchanged. The firm’s 50-day moving average is $6.59 and its 200 day moving average is $6.86. The company’s market capitalization is $888.72 million. FelCor Lodging Trust has a 52 week low of $5.47 and a 52 week high of $8.63.
FelCor Lodging Trust (NYSE:FCH) last posted its quarterly earnings data 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 company earned $237.90 million during 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 company’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 EPS. Analysts anticipate that FelCor Lodging Trust will post $0.90 EPS for the current fiscal year.
The firm also recently declared 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 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend is Wednesday, October 12th. FelCor Lodging Trust’s dividend payout ratio is -120.00%.
Large investors have recently modified their holdings of the company. Maryland Capital Management raised its position in FelCor Lodging Trust by 8.3% in the first quarter. Maryland Capital Management now owns 13,000 shares of the company’s stock valued at $106,000 after buying an additional 1,000 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in FelCor Lodging Trust by 10.6% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 21,944 shares of the company’s stock valued at $137,000 after buying an additional 2,100 shares during the last quarter. Jefferies Group LLC purchased a new position in FelCor Lodging Trust during the second quarter valued at $163,000. AXA purchased a new position in FelCor Lodging Trust during the first quarter valued at $215,000. Finally, Hsbc Holdings PLC raised its position in FelCor Lodging Trust by 13.4% in the second quarter. Hsbc Holdings PLC now owns 31,821 shares of the company’s stock valued at $198,000 after buying an additional 3,749 shares during the last quarter. Institutional investors own 81.01% of the company’s stock.
FelCor Lodging Trust Company Profile
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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