Real Estate Management Services LLC boosted its stake in FelCor Lodging Trust Inc. (NYSE:FCH) by 21.2% during the second quarter, Holdings Channel reports. The fund owned 4,407,500 shares of the company’s stock after buying an additional 770,800 shares during the period. FelCor Lodging Trust comprises about 4.8% of Real Estate Management Services LLC’s investment portfolio, making the stock its 8th largest position. Real Estate Management Services LLC’s holdings in FelCor Lodging Trust were worth $27,459,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares 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. AXA purchased a new position in FelCor Lodging Trust during the first quarter valued at approximately $215,000. Aperio Group LLC raised its position in FelCor Lodging Trust by 37.4% in the first quarter. Aperio Group LLC now owns 72,543 shares of the company’s stock valued at $589,000 after buying an additional 19,728 shares during the last quarter. Kempen Capital Management N.V. raised its position in FelCor Lodging Trust by 22.5% in the first quarter. Kempen Capital Management N.V. now owns 83,451 shares of the company’s stock valued at $678,000 after buying an additional 15,317 shares during the last quarter. Finally, Capital Fund Management S.A. purchased a new position in FelCor Lodging Trust during the second quarter valued at approximately $1,152,000. 81.01% of the stock is owned by institutional investors.
FelCor Lodging Trust Inc. (NYSE:FCH) traded down 0.16% during mid-day trading on Monday, reaching $6.42. 732,807 shares of the company were exchanged. The stock’s 50-day moving average price is $6.60 and its 200-day moving average price is $6.85. The stock’s market capitalization is $887.33 million. FelCor Lodging Trust Inc. has a 1-year low of $5.47 and a 1-year high of $8.63.
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 Thomson Reuters’ consensus estimate of $0.33 by $0.01. FelCor Lodging Trust had a negative net margin of 0.44% and a negative return on equity of 151.76%. The firm earned $237.90 million during the quarter, compared to analyst estimates of $240.19 million. During the same period in the prior year, the company posted $0.28 earnings per share. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, equities research analysts anticipate that FelCor Lodging Trust Inc. will post $0.90 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, October 14th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Wednesday, October 12th. FelCor Lodging Trust’s dividend payout ratio is currently -120.00%.
Several research firms have commented on FCH. Deutsche Bank AG reaffirmed a “hold” rating and set a $8.00 price objective on shares of FelCor Lodging Trust in a research note on Monday, June 27th. Zacks Investment Research raised shares of 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. JMP Securities lowered shares of FelCor Lodging Trust from an “outperform” rating to a “market perform” rating in a research note on Friday, September 16th. Finally, Janney Montgomery Scott started coverage on shares of FelCor Lodging Trust in a research note on Monday, September 26th. They set a “buy” rating and a $7.50 target price for the company. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $7.90.
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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