FelCor Lodging Trust Reaches New 52-Week High at $10.01 (FCH)
Shares of FelCor Lodging Trust (NYSE:FCH) hit a new 52-week high during trading on Tuesday , StockRatingsNetwork reports. The company traded as high as $10.01 and last traded at $9.94, with a volume of 501,616 shares trading hands. The stock had previously closed at $9.73.
Several analysts have recently commented on the stock. Analysts at FBR Capital Markets raised their price target on shares of FelCor Lodging Trust from $7.50 to $11.00 in a research note on Friday, March 7th. They now have an “outperform” rating on the stock. Analysts at JMP Securities upgraded shares of FelCor Lodging Trust from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 26th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $8.31.
The stock’s 50-day moving average is $9.34 and its 200-day moving average is $8.3. The company’s market cap is $1.231 billion.
FelCor Lodging Trust (NYSE:FCH) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.01 by $0.02. The company had revenue of $221.35 million for the quarter, compared to the consensus estimate of $214.14 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. FelCor Lodging Trust’s revenue was up 6.0% compared to the same quarter last year. On average, analysts predict that FelCor Lodging Trust will post $0.57 earnings per share for the current fiscal year.
FelCor Lodging Trust Incorporated is a real estate investment trust (NYSE:FCH).
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