FelCor Lodging Trust Inc. (FCH) Downgraded to “Sell” at Zacks Investment Research
FelCor Lodging Trust Inc. (NYSE:FCH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “FelCor Lodging Trust Inc., a real estate investment trust, is one of the nation’s largest owners of upper-upscale, all-suite hotels. FelCor’s diversified portfolio of hotels and resorts are flagged under global brands such as: Doubletree ®, Embassy Suites Hotels®, Hilton®, Fairmont®, Marriott®, Renaissance®, Sheraton®, Westin® and Holiday Inn®. FelCor Lodging Trust Inc., formerly known as FelCor Suite Hotels, Inc., is based in Irving, Texas. “
A number of other equities analysts have also commented on FCH. Deutsche Bank AG restated a “hold” rating and issued a $8.00 price target on shares of FelCor Lodging Trust in a research report on Monday, June 27th. Janney Montgomery Scott assumed coverage on shares of FelCor Lodging Trust in a research report on Monday, September 26th. They issued a “buy” rating and a $7.50 price target on the stock. Finally, JMP Securities lowered shares of FelCor Lodging Trust from an “outperform” rating to a “market perform” rating in a research report on Friday, September 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $7.90.
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FelCor Lodging Trust (NYSE:FCH) traded down 2.58% on Tuesday, hitting $6.41. 999,976 shares of the company were exchanged. FelCor Lodging Trust has a one year low of $5.47 and a one year high of $8.63. The stock has a 50 day moving average price of $6.58 and a 200 day moving average price of $6.78. The firm’s market cap is $885.95 million.
FelCor Lodging Trust (NYSE:FCH) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.01. The firm earned $237.90 million during the quarter, compared to analyst estimates of $240.19 million. FelCor Lodging Trust had a negative net margin of 0.44% and a negative return on equity of 151.76%. FelCor Lodging Trust’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 earnings per share. On average, equities research analysts forecast that FelCor Lodging Trust will post $0.90 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, October 14th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.74%. FelCor Lodging Trust’s payout ratio is -120.00%.
Several institutional investors have recently made changes to their positions in the company. EJF Capital raised its position in shares of FelCor Lodging Trust by 48.6% in the third quarter. EJF Capital now owns 110,000 shares of the company’s stock worth $778,000 after buying an additional 36,000 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its position in shares of FelCor Lodging Trust by 25.9% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,100,572 shares of the company’s stock valued at $15,334,000 after buying an additional 431,970 shares in the last quarter. Morgens Waterfall Vintiadis & Co. Inc. raised its position in shares of FelCor Lodging Trust by 9.0% in the fourth quarter. Morgens Waterfall Vintiadis & Co. Inc. now owns 850,000 shares of the company’s stock valued at $6,205,000 after buying an additional 70,000 shares in the last quarter. Dalton Greiner Hartman Maher & Company acquired a new position in shares of FelCor Lodging Trust during the fourth quarter valued at $2,155,000. Finally, Rhumbline Advisers raised its position in shares of FelCor Lodging Trust by 3.4% in the fourth quarter. Rhumbline Advisers now owns 239,026 shares of the company’s stock valued at $1,745,000 after buying an additional 7,865 shares in the last quarter. Institutional investors own 81.01% of the company’s stock.
About FelCor Lodging Trust
FelCor Lodging Trust Incorporated is a real estate investment trust. The Company, through its subsidiary, FelCor Lodging Limited Partnership, holds ownership interests in approximately 40 hotels with over 12,440 rooms. The Company sells, acquires, rebrands and redevelops hotels. The Company’s hotels are located in approximately 20 states of the United States.
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