FelCor Lodging Trust EVP Unloads $261,500 in Stock (FCH)
FelCor Lodging Trust (NYSE:FCH) EVP Michael A. Denicola sold 25,000 shares of the company’s stock on the open market in a transaction dated Thursday, August 28th. The stock was sold at an average price of $10.46, for a total transaction of $261,500.00. Following the completion of the transaction, the executive vice president now directly owns 261,174 shares of the company’s stock, valued at approximately $2,731,880. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
FelCor Lodging Trust (NYSE:FCH) traded down 2.86% on Thursday, hitting $10.20. 757,336 shares of the company’s stock traded hands. FelCor Lodging Trust has a 1-year low of $5.49 and a 1-year high of $10.92. The stock has a 50-day moving average of $10.41 and a 200-day moving average of $9.62. The company’s market cap is $1.268 billion.
FelCor Lodging Trust (NYSE:FCH) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.26 earnings per share for the quarter, beating the analysts’ 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 $0.59 EPS for the current fiscal year.
FCH has been the subject of a number of recent research reports. 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $9.38.
FelCor Lodging Trust Incorporated is a real estate investment trust (NYSE:FCH).
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