Research Analysts Issue Forecasts for FelCor Lodging Trust Incorporated’s Q1 2017 Earnings (FCH)
FelCor Lodging Trust Incorporated (NYSE:FCH) – Equities researchers at SunTrust Banks lowered their Q1 2017 earnings per share estimates for shares of FelCor Lodging Trust in a research report issued on Monday. SunTrust Banks analyst P. Scholes now forecasts that the real estate investment trust will earn $0.11 per share for the quarter, down from their prior estimate of $0.12. SunTrust Banks also issued estimates for FelCor Lodging Trust’s FY2017 earnings at $0.87 EPS.
Several other research analysts have also recently weighed in on FCH. Zacks Investment Research cut shares of FelCor Lodging Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 3rd. FBR & Co cut shares of FelCor Lodging Trust from an “outperform” rating to a “market perform” rating and set a $8.00 price target on the stock. in a report on Wednesday, January 4th. Finally, JMP Securities restated a “market perform” rating on shares of FelCor Lodging Trust in a report on Thursday, January 26th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $8.13.
FelCor Lodging Trust (NYSE:FCH) opened at 7.36 on Thursday. The company has a 50-day moving average of $7.37 and a 200-day moving average of $7.33. FelCor Lodging Trust has a 52 week low of $5.68 and a 52 week high of $9.13. The firm’s market capitalization is $1.02 billion.
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FelCor Lodging Trust (NYSE:FCH) last announced its earnings results on Thursday, February 23rd. The real estate investment trust reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The firm earned $195.90 million during the quarter, compared to analyst estimates of $199.59 million. FelCor Lodging Trust had a negative net margin of 0.09% and a negative return on equity of 26.61%. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 EPS.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, April 14th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 3.26%. The ex-dividend date is Tuesday, April 11th. FelCor Lodging Trust’s dividend payout ratio (DPR) is presently -133.33%.
Hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake in shares of FelCor Lodging Trust by 39.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,748,402 shares of the real estate investment trust’s stock valued at $14,005,000 after buying an additional 491,102 shares in the last quarter. Paulson & CO. Inc. bought a new stake in shares of FelCor Lodging Trust during the fourth quarter valued at approximately $4,005,000. BlackRock Group LTD raised its stake in shares of FelCor Lodging Trust by 2.3% in the third quarter. BlackRock Group LTD now owns 1,074,238 shares of the real estate investment trust’s stock valued at $6,907,000 after buying an additional 23,781 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of FelCor Lodging Trust during the fourth quarter valued at approximately $1,352,000. Finally, State Street Corp raised its stake in shares of FelCor Lodging Trust by 2.7% in the fourth quarter. State Street Corp now owns 4,607,085 shares of the real estate investment trust’s stock valued at $36,901,000 after buying an additional 122,491 shares in the last quarter. 79.13% of the stock is currently owned by institutional investors and hedge funds.
About FelCor Lodging Trust
FelCor Lodging Trust Incorporated is a real estate investment trust (REIT). The Company, through its subsidiary, FelCor Lodging Limited Partnership, held ownership interests in 39 hotels with 11,500 rooms, as of December 31, 2016. The Company sells, acquires, rebrands and redevelops hotels. As of December 31, 2016, the Company’s hotels were located in 14 states of the United States.
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