FelCor Lodging Trust Inc. (NYSE:FCH) has been given a consensus rating of “Hold” by the six brokerages that are covering the firm. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $8.00.
Several equities analysts have weighed in on the company. Janney Montgomery Scott assumed coverage on FelCor Lodging Trust in a report on Monday, September 26th. They set a “buy” rating and a $7.50 price target for the company. Zacks Investment Research cut FelCor Lodging Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. JMP Securities cut FelCor Lodging Trust from an “outperform” rating to a “market perform” rating in a report on Friday, September 16th. Finally, Deutsche Bank AG restated a “hold” rating and set a $8.00 price target on shares of FelCor Lodging Trust in a report on Monday, June 27th.
Institutional investors have recently made changes to their positions in the company. Dalton Greiner Hartman Maher & Co. raised its stake in shares of FelCor Lodging Trust by 24.6% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 423,327 shares of the company’s stock worth $2,637,000 after buying an additional 83,626 shares in the last quarter. Land & Buildings Investment Management LLC raised its stake 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. Metropolitan Life Insurance Co. NY raised its stake in shares of FelCor Lodging Trust by 1.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 107,912 shares of the company’s stock worth $876,000 after buying an additional 1,865 shares in the last quarter. Legal & General Group Plc raised its stake in shares of FelCor Lodging Trust by 12.1% in the first quarter. Legal & General Group Plc now owns 292,091 shares of the company’s stock worth $2,371,000 after buying an additional 31,419 shares in the last quarter. Finally, AXA acquired a new stake in shares of FelCor Lodging Trust during the first quarter worth about $215,000. Hedge funds and other institutional investors own 81.01% of the company’s stock.
Shares of FelCor Lodging Trust (NYSE:FCH) opened at 6.43 on Monday. The firm’s market cap is $888.72 million. The company has a 50-day moving average of $6.60 and a 200 day moving average of $6.85. 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 released its quarterly 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 firm had revenue of $237.90 million for the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 EPS. On average, equities analysts expect that FelCor Lodging Trust will post $0.90 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, October 14th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis 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 (DPR) is -120.00%.
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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