FelCor Lodging Trust VP Sells $31,920 in Stock (FCH)
FelCor Lodging Trust (NYSE:FCH) VP Jonathan Yellen unloaded 4,000 shares of FelCor Lodging Trust stock on the open market in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $7.98, for a total transaction of $31,920.00. Following the transaction, the vice president now directly owns 272,710 shares of the company’s stock, valued at approximately $2,176,226. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on FCH shares. Analysts at JPMorgan Chase & Co. raised their price target on shares of FelCor Lodging Trust from $6.50 to $7.00 in a research note to investors on Friday, November 1st. They now have a “neutral” rating on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of FelCor Lodging Trust from $7.00 to $7.50 in a research note to investors on Friday, November 1st. They now have an “outperform” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of FelCor Lodging Trust from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, October 9th. They now have a $7.25 price target on the stock, up previously from $6.20.
FelCor Lodging Trust (NYSE:FCH) traded up 1.99% on Friday, hitting $8.20. 395,525 shares of the company’s stock traded hands. FelCor Lodging Trust has a 52 week low of $4.71 and a 52 week high of $8.23. The stock’s 50-day moving average is $7. and its 200-day moving average is $6.4. The company’s market cap is $1.018 billion.
FelCor Lodging Trust (NYSE:FCH) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $232.60 million for the quarter, compared to the consensus estimate of $241.02 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Monday, January 13th.
FelCor Lodging Trust Incorporated is a real estate investment trust (NYSE:FCH).
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