Zacks Investment Research lowered shares of FelCor Lodging Trust Inc. (NYSE:FCH) from a hold rating to a sell rating in a research report report published on Tuesday morning.
According to Zacks, “FelCor Lodging Trust Inc., a real estate investment trust, is one of the nation’s largest owners of upper-upscale, all-suite hotels. FelCor’s diversified portfolio of hotels and resorts are flagged under global brands such as: Doubletree ®, Embassy Suites Hotels®, Hilton®, Fairmont®, Marriott®, Renaissance®, Sheraton®, Westin® and Holiday Inn®. FelCor Lodging Trust Inc., formerly known as FelCor Suite Hotels, Inc., is based in Irving, Texas. “
Several other analysts have also recently commented on FCH. Deutsche Bank AG restated a hold rating and set a $8.00 target price on shares of FelCor Lodging Trust in a report on Monday, June 27th. Janney Montgomery Scott began coverage on FelCor Lodging Trust in a report on Monday, September 26th. They set a buy rating and a $7.50 target price on the stock. Finally, JMP Securities cut FelCor Lodging Trust from an outperform rating to a market perform rating in a report on Friday, September 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $7.90.
FelCor Lodging Trust (NYSE:FCH) traded up 1.89% during trading on Tuesday, reaching $6.47. The company’s stock had a trading volume of 53,920 shares. The firm’s market cap is $894.24 million. The stock’s 50 day moving average is $6.57 and its 200-day moving average is $6.78. FelCor Lodging Trust has a 52 week low of $5.47 and a 52 week high of $8.63.
FelCor Lodging Trust (NYSE:FCH) last announced its 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. The business had revenue of $237.90 million for the quarter, compared to the consensus estimate of $240.19 million. FelCor Lodging Trust had a negative return on equity of 151.76% and a negative net margin of 0.44%. FelCor Lodging Trust’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 EPS. On average, equities research analysts forecast that FelCor Lodging Trust will post $0.90 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, October 14th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Wednesday, October 12th. FelCor Lodging Trust’s dividend payout ratio (DPR) is presently -120.00%.
Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of FelCor Lodging Trust by 0.7% in the second quarter. Vanguard Group Inc. now owns 20,248,146 shares of the company’s stock valued at $126,145,000 after buying an additional 141,366 shares during the period. Land & Buildings Investment Management LLC raised its position in shares of FelCor Lodging Trust by 79.2% in the first quarter. Land & Buildings Investment Management LLC now owns 5,441,369 shares of the company’s stock valued at $44,184,000 after buying an additional 2,404,588 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of 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 valued at $42,449,000 after buying an additional 79,092 shares during the period. Real Estate Management Services LLC raised its position in FelCor Lodging Trust by 21.2% in the second quarter. Real Estate Management Services LLC now owns 4,407,500 shares of the company’s stock valued at $27,459,000 after buying an additional 770,800 shares during the last quarter. Finally, State Street Corp raised its position in FelCor Lodging Trust by 2.2% in the first quarter. State Street Corp now owns 4,223,167 shares of the company’s stock valued at $34,296,000 after buying an additional 91,498 shares during the last quarter. 81.01% of the stock is currently owned by institutional investors and hedge funds.
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.