The FelCor Lodging Trust Inc. (FCH) Given a $8.00 Price Target at FBR & Co

The FelCor Lodging Trust Inc. (FCH) Given a $8.00 Price Target at FBR & Co

FelCor Lodging Trust Inc. (NYSE:FCH) has been given a $8.00 price target by equities research analysts at FBR & Co in a report released on Wednesday. The brokerage currently has a “buy” rating on the stock. FBR & Co’s price target would suggest a potential upside of 10.50% from the company’s current price.

Several other equities analysts have also commented on FCH. Zacks Investment Research upgraded shares of FelCor Lodging Trust from a “sell” rating to a “hold” rating in a research note on Friday, September 30th. 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 price target on the stock. Finally, JMP Securities lowered shares of FelCor Lodging Trust from an “outperform” rating to a “market perform” rating in a research note on Friday, September 16th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $7.50.

FelCor Lodging Trust (NYSE:FCH) traded up 0.84% during trading on Wednesday, hitting $7.24. 347,162 shares of the company traded hands. FelCor Lodging Trust has a 52-week low of $5.47 and a 52-week high of $8.19. The company’s 50-day moving average is $6.61 and its 200 day moving average is $6.55. The firm’s market cap is $997.59 million.

FelCor Lodging Trust (NYSE:FCH) last issued its earnings results on Tuesday, November 1st. The company reported $0.28 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.28. The firm had revenue of $223 million for the quarter, compared to analysts’ expectations of $222.17 million. FelCor Lodging Trust had a negative net margin of 0.09% and a negative return on equity of 26.61%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 earnings per share. On average, equities analysts anticipate that FelCor Lodging Trust will post $0.89 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Friday, October 14th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, October 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.31%. FelCor Lodging Trust’s dividend payout ratio (DPR) is presently -133.33%.

In other news, EVP Jonathan H. Yellen sold 70,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $6.50, for a total transaction of $455,000.00. Following the transaction, the executive vice president now directly owns 198,631 shares in the company, valued at $1,291,101.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Jonathan H. Yellen sold 55,814 shares of the firm’s 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 transaction, the executive vice president now owns 198,631 shares in the company, valued at $1,291,101.50. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised 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 worth $137,000 after buying an additional 2,100 shares during the period. Anchor Capital Advisors LLC raised its position in shares of FelCor Lodging Trust by 25.3% in the second quarter. Anchor Capital Advisors LLC now owns 51,640 shares of the company’s stock worth $322,000 after buying an additional 10,440 shares during the period. Quantitative Systematic Strategies LLC raised its position in shares of FelCor Lodging Trust by 221.5% in the second quarter. Quantitative Systematic Strategies LLC now owns 60,420 shares of the company’s stock worth $379,000 after buying an additional 41,626 shares during the period. Real Estate Management Services LLC raised its position in shares of 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 worth $27,459,000 after buying an additional 770,800 shares during the period. Finally, Capital Fund Management S.A. acquired a new position in shares of FelCor Lodging Trust during the second quarter worth about $1,152,000. Institutional investors and hedge funds own 81.43% of the company’s stock.

About FelCor Lodging Trust

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