FelCor Lodging Trust Hits New 1-Year High at $10.92 (FCH)
FelCor Lodging Trust (NYSE:FCH) reached a new 52-week high during trading on Tuesday , AnalystRatingsNetwork.com reports. The stock traded as high as $10.92 and last traded at $10.75, with a volume of 195,736 shares. The stock had previously closed at $10.87.
A number of research firms have recently commented on FCH. Analysts at JMP Securities reiterated a “market outperform” rating on shares of FelCor Lodging Trust in a research note on Friday, August 1st. They now have a $12.00 price target on the stock, up previously from $11.00. Analysts at Robert W. Baird raised their price target on shares of FelCor Lodging Trust from $7.00 to $11.00 in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $9.38.
The stock has a 50-day moving average of $10.41 and a 200-day moving average of $9.4. The company’s market cap is $1.319 billion.
FelCor Lodging Trust (NYSE:FCH) last released its earnings data on Thursday, July 31st. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. The company had revenue of $259.50 million for the quarter, compared to the consensus estimate of $253.11 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Analysts expect that FelCor Lodging Trust will post $0.58 EPS for the current fiscal year.
In other FelCor Lodging Trust news, EVP Troy A. Pentecost sold 18,531 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $10.72, for a total transaction of $198,652.32. The transaction was disclosed in a document filed with the SEC, which is available at this link.
FelCor Lodging Trust Incorporated is a real estate investment trust (NYSE:FCH).
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