FelCor Lodging Trust Incorporated (FCH) Expected to Post Earnings of $0.28 Per Share

Equities analysts expect FelCor Lodging Trust Incorporated (NYSE:FCH) to announce $0.28 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for FelCor Lodging Trust’s earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.30. FelCor Lodging Trust reported earnings of $0.32 per share during the same quarter last year, which would indicate a negative year over year growth rate of 12.5%. The firm is expected to announce its next quarterly earnings results on Tuesday, July 25th.

On average, analysts expect that FelCor Lodging Trust will report full year earnings of $0.83 per share for the current financial year, with EPS estimates ranging from $0.78 to $0.87. For the next year, analysts expect that the company will report earnings of $0.87 per share, with EPS estimates ranging from $0.78 to $0.92. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for FelCor Lodging Trust.

FelCor Lodging Trust (NYSE:FCH) last posted its quarterly earnings data on Tuesday, May 9th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The business had revenue of $188.10 million for the quarter, compared to the consensus estimate 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 period in the prior year, the business posted $0.14 EPS.

Several brokerages recently weighed in on FCH. ValuEngine downgraded shares of FelCor Lodging Trust from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded shares of FelCor Lodging Trust from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. 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 research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. FelCor Lodging Trust has an average rating of “Hold” and a consensus price target of $8.13.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its position in shares of FelCor Lodging Trust by 35.6% in the first quarter. Goldman Sachs Group Inc. now owns 442,727 shares of the real estate investment trust’s stock valued at $3,325,000 after buying an additional 116,294 shares in the last quarter. FNY Partners Fund LP purchased a new position in shares of FelCor Lodging Trust during the first quarter valued at $383,000. HighTower Advisors LLC increased its position in shares of FelCor Lodging Trust by 7.9% in the first quarter. HighTower Advisors LLC now owns 43,088 shares of the real estate investment trust’s stock valued at $324,000 after buying an additional 3,168 shares in the last quarter. Engine Capital Management LLC purchased a new position in shares of FelCor Lodging Trust during the first quarter valued at $164,000. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of FelCor Lodging Trust by 2.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 102,928 shares of the real estate investment trust’s stock valued at $773,000 after buying an additional 2,226 shares in the last quarter. 76.20% of the stock is owned by institutional investors.

FelCor Lodging Trust (NYSE:FCH) traded down 0.13% during midday trading on Thursday, reaching $7.60. The company had a trading volume of 278,126 shares. The firm has a 50-day moving average price of $7.35 and a 200-day moving average price of $7.58. The company’s market capitalization is $1.05 billion. FelCor Lodging Trust has a 52 week low of $5.68 and a 52 week high of $9.13.

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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