Today, IndexIQ Advisors LLC Reached $830,000 position of FelCor Lodging Trust Inc. (FCH)

Today, IndexIQ Advisors LLC Reached $830,000 position  of FelCor Lodging Trust Inc. (FCH)
IndexIQ Advisors LLC boosted its stake in shares of FelCor Lodging Trust Inc. (NYSE:FCH) by 23.5% during the third quarter, Holdings Channel reports. The institutional investor owned 129,066 shares of the company’s stock after buying an additional 24,597 shares during the period. IndexIQ Advisors LLC owned about 0.09% of FelCor Lodging Trust worth $830,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of FelCor Lodging Trust by 0.3% in the second quarter. BlackRock Inc. now owns 143,969 shares of the company’s stock valued at $898,000 after buying an additional 487 shares in the last quarter. BlackRock Advisors LLC increased its position in shares of FelCor Lodging Trust by 1.0% in the second quarter. BlackRock Advisors LLC now owns 135,056 shares of the company’s stock valued at $841,000 after buying an additional 1,366 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of FelCor Lodging Trust by 10.6% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 21,944 shares of the company’s stock valued at $137,000 after buying an additional 2,100 shares in the last quarter. Aperio Group LLC increased its position in shares of FelCor Lodging Trust by 4.7% in the third quarter. Aperio Group LLC now owns 61,244 shares of the company’s stock valued at $394,000 after buying an additional 2,768 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its position in shares of FelCor Lodging Trust by 0.5% in the third quarter. Mutual of America Capital Management LLC now owns 737,936 shares of the company’s stock valued at $4,745,000 after buying an additional 3,697 shares in the last quarter. 81.43% of the stock is currently owned by institutional investors and hedge funds.

Shares of FelCor Lodging Trust Inc. (NYSE:FCH) traded up 0.42% during midday trading on Friday, reaching $7.21. 260,336 shares of the company traded hands. FelCor Lodging Trust Inc. has a 1-year low of $5.47 and a 1-year high of $8.21. The firm’s market capitalization is $993.45 million. The stock has a 50 day moving average price of $6.58 and a 200 day moving average price of $6.55.

FelCor Lodging Trust (NYSE:FCH) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.28 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. FelCor Lodging Trust had a negative net margin of 0.09% and a negative return on equity of 26.61%. The company had revenue of $223 million for the quarter, compared to the consensus estimate of $222.17 million. During the same quarter in the prior year, the company earned $0.25 EPS. FelCor Lodging Trust’s quarterly revenue was down 1.0% on a year-over-year basis. Analysts expect that FelCor Lodging Trust Inc. will post $0.89 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Friday, October 14th were issued a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, October 12th. This represents a $0.24 annualized dividend and a yield of 3.34%. FelCor Lodging Trust’s dividend payout ratio (DPR) is presently -133.33%.

Several brokerages have weighed in on FCH. Zacks Investment Research raised shares of FelCor Lodging Trust from a “sell” rating to a “hold” rating in a report on Friday, November 4th. FBR & Co set a $8.00 price objective on shares of FelCor Lodging Trust and gave the company a “buy” rating in a research report on Wednesday, November 2nd. JMP Securities cut shares of FelCor Lodging Trust from an “outperform” rating to a “market perform” rating in a research report on Friday, September 16th. Finally, Janney Montgomery Scott assumed coverage on shares of FelCor Lodging Trust in a research report on Monday, September 26th. They set a “buy” rating and a $7.50 price objective on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $7.50.

In related news, EVP Jonathan H. Yellen sold 70,000 shares of the stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $6.50, for a total value of $455,000.00. Following the transaction, the executive vice president now owns 198,631 shares in the company, valued at approximately $1,291,101.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jonathan H. Yellen sold 55,814 shares of the stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $6.50, for a total transaction of $362,791.00. Following the completion of the transaction, the executive vice president now owns 198,631 shares in the company, valued at approximately $1,291,101.50. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by corporate insiders.

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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