FelCor Lodging Trust Inc. (NYSE:FCH) has been given an average recommendation of “Hold” by the six ratings firms that are currently covering the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $8.00.
Several research firms recently commented on FCH. Zacks Investment Research downgraded shares of FelCor Lodging Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. 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 target for the company. JMP Securities downgraded shares of FelCor Lodging Trust from an “outperform” rating to a “market perform” rating in a research report on Friday, September 16th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $8.00 price target on shares of FelCor Lodging Trust in a research report on Monday, June 27th.
FelCor Lodging Trust (NYSE:FCH) opened at 6.53 on Monday. The stock has a 50 day moving average of $6.60 and a 200 day moving average of $6.87. FelCor Lodging Trust has a 1-year low of $5.47 and a 1-year high of $8.63. The stock’s market capitalization is $902.54 million.
FelCor Lodging Trust (NYSE:FCH) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.32 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 business earned $237.90 million during the quarter, compared to analysts’ expectations of $240.19 million. During the same quarter last year, the company earned $0.28 EPS. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, analysts expect that FelCor Lodging Trust will post $0.90 earnings per share for the current year.
In other FelCor Lodging Trust news, Director Robert F. Cotter sold 15,918 shares of the company’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $6.34, for a total transaction of $100,920.12. Following the completion of the transaction, the director now owns 116,300 shares in the company, valued at approximately $737,342. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.30% of the company’s stock.
A number of institutional investors have recently made changes to their positions in FCH. Macquarie Group Ltd. increased its position in shares of FelCor Lodging Trust by 84.6% in the second quarter. Macquarie Group Ltd. now owns 78,100 shares of the company’s stock worth $487,000 after buying an additional 35,800 shares during the last quarter. Legal & General Group Plc increased its position in shares of FelCor Lodging Trust by 10.0% in the second quarter. Legal & General Group Plc now owns 321,368 shares of the company’s stock worth $2,002,000 after buying an additional 29,277 shares during the last quarter. Numeric Investors LLC purchased a new position in shares of FelCor Lodging Trust during the second quarter worth approximately $2,251,000. Cubist Systematic Strategies LLC purchased a new position in shares of FelCor Lodging Trust during the second quarter worth approximately $212,000. Finally, AQR Capital Management LLC increased its position in shares of FelCor Lodging Trust by 36.8% in the second quarter. AQR Capital Management LLC now owns 285,945 shares of the company’s stock worth $1,781,000 after buying an additional 76,937 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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