FelCor Lodging Trust Inc. (FCH) Stock Rating Lowered by 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 note issued to 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 research firms have also recently commented on FCH. Janney Montgomery Scott started coverage on shares of FelCor Lodging Trust in a research report on Monday, September 26th. They set a “buy” rating and a $7.50 price objective for the company. JMP Securities cut shares of FelCor Lodging Trust from an “outperform” rating to a “market perform” rating in a research report on Friday, September 16th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $8.00 price objective on shares of FelCor Lodging Trust in a research report on Monday, June 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $7.90.
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Shares of FelCor Lodging Trust (NYSE:FCH) traded down 2.58% during midday trading on Tuesday, hitting $6.41. 999,976 shares of the company were exchanged. The company’s market capitalization is $885.95 million. The company has a 50-day moving average of $6.58 and a 200 day moving average of $6.78. FelCor Lodging Trust has a one year low of $5.47 and a one year high of $8.63.
FelCor Lodging Trust (NYSE:FCH) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.01. FelCor Lodging Trust had a negative return on equity of 151.76% and a negative net margin of 0.44%. The company had revenue of $237.90 million for the quarter, compared to the consensus estimate of $240.19 million. During the same period last year, the firm earned $0.28 earnings per share. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, equities research analysts expect that FelCor Lodging Trust will post $0.90 earnings per share for the current fiscal year.
The firm 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 $0.06 dividend. The ex-dividend date 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 presently -120.00%.
Several large investors have recently made changes to their positions in FCH. Land & Buildings Investment Management LLC boosted its stake in shares of FelCor Lodging Trust by 79.2% in the first quarter. Land & Buildings Investment Management LLC now owns 5,441,369 shares of the company’s stock worth $44,184,000 after buying an additional 2,404,588 shares during the last quarter. Real Estate Management Services LLC increased its position in FelCor Lodging Trust by 21.2% in the second quarter. Real Estate Management Services LLC now owns 4,407,500 shares of the company’s stock worth $27,459,000 after buying an additional 770,800 shares during the period. Emerald Acquisition Ltd. bought a new position in FelCor Lodging Trust during the second quarter worth approximately $4,693,000. American Century Companies Inc. increased its position in FelCor Lodging Trust by 89.4% in the second quarter. American Century Companies Inc. now owns 1,025,805 shares of the company’s stock worth $6,391,000 after buying an additional 484,248 shares during the period. Finally, Numeric Investors LLC bought a new position in FelCor Lodging Trust during the second quarter worth approximately $2,251,000. 81.01% of the stock is owned by institutional investors.
FelCor Lodging Trust Company Profile
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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