Great West Life Assurance Co. Can Purchases 205 Shares of FelCor Lodging Trust Incorporated (FCH)

Great West Life Assurance Co. Can raised its stake in shares of FelCor Lodging Trust Incorporated (NYSE:FCH) by 0.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,711 shares of the real estate investment trust’s stock after buying an additional 205 shares during the period. Great West Life Assurance Co. Can’s holdings in FelCor Lodging Trust were worth $626,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in FelCor Lodging Trust during the fourth quarter valued at about $12,354,000. Paulson & CO. Inc. acquired a new position in FelCor Lodging Trust during the fourth quarter valued at about $4,005,000. Renaissance Technologies LLC raised its position in FelCor Lodging Trust by 39.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,748,402 shares of the real estate investment trust’s stock valued at $14,005,000 after buying an additional 491,102 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in FelCor Lodging Trust during the fourth quarter valued at about $1,352,000. Finally, State Street Corp raised its position in FelCor Lodging Trust by 2.7% in the fourth quarter. State Street Corp now owns 4,607,085 shares of the real estate investment trust’s stock valued at $36,901,000 after buying an additional 122,491 shares in the last quarter. 76.20% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for FelCor Lodging Trust (NYSE:FCH)

FelCor Lodging Trust Incorporated (NYSE FCH) opened at 7.61 on Tuesday. FelCor Lodging Trust Incorporated has a one year low of $5.68 and a one year high of $9.13. The company’s market capitalization is $1.05 billion. The firm’s 50-day moving average price is $7.35 and its 200 day moving average price is $7.58.

FelCor Lodging Trust (NYSE:FCH) last announced its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by $0.03. The company had revenue of $188.10 million for the quarter, compared to analysts’ expectations of $192.24 million. FelCor Lodging Trust had a negative net margin of 3.25% and a negative return on equity of 25.32%. FelCor Lodging Trust’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. On average, equities research analysts expect that FelCor Lodging Trust Incorporated will post ($0.19) earnings per share for the current fiscal year.

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FCH has been the subject of several recent analyst reports. Zacks Investment Research lowered FelCor Lodging Trust from a “hold” rating to a “sell” rating in a report on Thursday, April 6th. ValuEngine raised FelCor Lodging Trust from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 20th. Finally, FBR & Co reaffirmed a “hold” rating and issued a $8.00 target price on shares of FelCor Lodging Trust in a report on Friday, February 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $8.13.

FelCor Lodging Trust Company Profile

FelCor Lodging Trust Incorporated is a real estate investment trust (REIT). The Company, through its subsidiary, FelCor Lodging Limited Partnership, held ownership interests in 39 hotels with 11,500 rooms, as of December 31, 2016. The Company sells, acquires, rebrands and redevelops hotels. As of December 31, 2016, the Company’s hotels were located in 14 states of the United States.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FCH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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