FelCor Lodging Trust EVP Sells $101,500 in Stock (FCH)
FelCor Lodging Trust (NYSE:FCH) EVP Troy A. Pentecost sold 10,000 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $10.15, for a total value of $101,500.00. Following the completion of the transaction, the executive vice president now directly owns 313,085 shares of the company’s stock, valued at approximately $3,177,813. The transaction was disclosed in a document filed with the SEC, which is available at this link.
FelCor Lodging Trust (NYSE:FCH) traded down 3.21% during mid-day trading on Friday, hitting $9.795. The stock had a trading volume of 475,803 shares. FelCor Lodging Trust has a 1-year low of $5.38 and a 1-year high of $10.21. The stock has a 50-day moving average of $9.43 and a 200-day moving average of $8.4. The company’s market cap is $1.216 billion.
FelCor Lodging Trust (NYSE:FCH) last issued its quarterly earnings data 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 last 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.
Separately, 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. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. FelCor Lodging Trust presently has an average rating of “Buy” and a consensus price target of $8.31.
FelCor Lodging Trust Incorporated is a real estate investment trust (NYSE:FCH).
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