Macquarie Group Ltd. raised its stake in shares of FelCor Lodging Trust Inc. (NYSE:FCH) by 84.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,100 shares of the company’s stock after buying an additional 35,800 shares during the period. Macquarie Group Ltd. owned approximately 0.06% of FelCor Lodging Trust worth $487,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in FelCor Lodging Trust during the fourth quarter worth about $11,419,000. Aperio Group LLC increased its stake in FelCor Lodging Trust by 37.4% in the first quarter. Aperio Group LLC now owns 72,543 shares of the company’s stock worth $589,000 after buying an additional 19,728 shares during the period. BlackRock Inc. increased its stake in FelCor Lodging Trust by 10.1% in the first quarter. BlackRock Inc. now owns 143,482 shares of the company’s stock worth $1,165,000 after buying an additional 13,113 shares during the period. BlackRock Group LTD increased its stake in FelCor Lodging Trust by 1.4% in the first quarter. BlackRock Group LTD now owns 1,098,410 shares of the company’s stock worth $8,920,000 after buying an additional 15,692 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in FelCor Lodging Trust by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 5,227,653 shares of the company’s stock worth $42,449,000 after buying an additional 79,092 shares during the period. Hedge funds and other institutional investors own 81.01% of the company’s stock.
Shares of FelCor Lodging Trust Inc. (NYSE:FCH) opened at 6.44 on Wednesday. The stock has a 50 day moving average price of $6.60 and a 200 day moving average price of $6.87. FelCor Lodging Trust Inc. has a 12 month low of $5.47 and a 12 month high of $8.63. The stock’s market cap is $890.10 million.
FelCor Lodging Trust (NYSE:FCH) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the 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 last year, the firm earned $0.28 EPS. FelCor Lodging Trust’s quarterly revenue was down 1.3% on a year-over-year basis. Equities analysts anticipate that FelCor Lodging Trust Inc. will post $0.90 EPS for the current fiscal year.
A number of research firms have issued reports on FCH. Janney Montgomery Scott began coverage on FelCor Lodging Trust in a research report on Monday. They set a “buy” rating and a $7.50 price target for the company. Zacks Investment Research downgraded FelCor Lodging Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Deutsche Bank AG reissued a “hold” rating and set a $8.00 price target on shares of FelCor Lodging Trust in a research report on Monday, June 27th. Finally, JMP Securities downgraded FelCor Lodging Trust from an “outperform” rating to a “market perform” rating in a research report on Friday, September 16th. One investment analyst has rated the stock with a sell rating, three have given 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 price target of $7.90.
In other news, Director Robert F. Cotter sold 15,918 shares of the business’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $6.34, for a total value of $100,920.12. Following the completion of the transaction, the director now owns 116,300 shares of the company’s stock, valued at approximately $737,342. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.30% of the stock is currently owned by insiders.
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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