FelCor Lodging Trust Inc. (NYSE:FCH) declared a quarterly dividend on Thursday, September 29th. Shareholders of record on Friday, October 14th will be given a dividend of 0.06 per share on Monday, October 31st. This represents a $0.24 annualized dividend and a yield of 3.65%. The ex-dividend date is Wednesday, October 12th.
FelCor Lodging Trust (NYSE:FCH) opened at 6.58 on Tuesday. The firm has a 50-day moving average of $6.58 and a 200 day moving average of $6.78. The firm’s market capitalization is $909.45 million. FelCor Lodging Trust has a 12-month low of $5.47 and a 12-month high of $8.63.
FelCor Lodging Trust (NYSE:FCH) last released its earnings results 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 return on equity of 151.76% and a negative net margin of 0.44%. The firm earned $237.90 million during the quarter, compared to analyst estimates of $240.19 million. During the same quarter last year, the business posted $0.28 EPS. The firm’s revenue was down 1.3% on a year-over-year basis. On average, equities analysts predict that FelCor Lodging Trust will post $0.90 EPS for the current year.
A number of institutional investors have recently bought and sold shares of the stock. Jefferies Group LLC acquired a new position in FelCor Lodging Trust during the second quarter valued at $163,000. Hsbc Holdings PLC increased 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 period. Stevens Capital Management LP acquired a new position in FelCor Lodging Trust during the second quarter valued at $206,000. Cubist Systematic Strategies LLC acquired a new position in FelCor Lodging Trust during the second quarter valued at $212,000. Finally, Clinton Group Inc. acquired a new position in FelCor Lodging Trust during the second quarter valued at $253,000. Hedge funds and other institutional investors own 81.01% of the company’s stock.
Several analysts have recently commented on the stock. Janney Montgomery Scott assumed coverage on shares of FelCor Lodging Trust in a research note on Monday, September 26th. They issued a “buy” rating and a $7.50 target price for the company. Zacks Investment Research cut shares of FelCor Lodging Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. JMP Securities cut shares of FelCor Lodging Trust from an “outperform” rating to a “market perform” rating in a research note on Friday, September 16th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $8.00 price objective on shares of FelCor Lodging Trust in a research note on Monday, June 27th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. FelCor Lodging Trust currently has a consensus rating of “Hold” and a consensus target price 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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