$0.28 EPS Expected for FelCor Lodging Trust Incorporated (FCH) This Quarter
Analysts expect FelCor Lodging Trust Incorporated (NYSE:FCH) to post earnings of $0.28 per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for FelCor Lodging Trust’s earnings. The lowest EPS estimate is $0.27 and the highest is $0.30. FelCor Lodging Trust reported earnings of $0.32 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 12.5%. The business is scheduled to announce its next quarterly earnings results on Tuesday, July 25th.
According to Zacks, analysts expect that FelCor Lodging Trust will report full-year earnings of $0.83 per share for the current financial year, with EPS estimates ranging from $0.78 to $0.87. For the next financial year, analysts expect that the firm will post earnings of $0.87 per share, with EPS estimates ranging from $0.78 to $0.92. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover FelCor Lodging Trust.
FelCor Lodging Trust (NYSE:FCH) last posted its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by $0.03. FelCor Lodging Trust had a negative net margin of 3.25% and a negative return on equity of 25.32%. The business had revenue of $188.10 million during the quarter, compared to analyst estimates of $192.24 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. The firm’s revenue was down 10.5% compared to the same quarter last year.
A number of research analysts have recently issued reports on FCH shares. Zacks Investment Research cut shares of FelCor Lodging Trust from a “hold” rating to a “sell” rating in a research note on Thursday, April 6th. ValuEngine cut shares of FelCor Lodging Trust from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $8.17.
FelCor Lodging Trust (NYSE FCH) traded up 1.071% during mid-day trading on Tuesday, reaching $7.075. The company had a trading volume of 488,594 shares. The stock’s market capitalization is $979.33 million. FelCor Lodging Trust has a 52-week low of $6.00 and a 52-week high of $9.13. The company’s 50 day moving average is $7.30 and its 200 day moving average is $7.55.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, July 14th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.43%. FelCor Lodging Trust’s dividend payout ratio is -63.16%.
Several institutional investors have recently bought and sold shares of FCH. Nuveen Asset Management LLC boosted its stake in shares of FelCor Lodging Trust by 13,058.7% in the first quarter. Nuveen Asset Management LLC now owns 1,880,244 shares of the real estate investment trust’s stock worth $14,121,000 after buying an additional 1,865,955 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of FelCor Lodging Trust by 35.6% in the first quarter. Goldman Sachs Group Inc. now owns 442,727 shares of the real estate investment trust’s stock worth $3,325,000 after buying an additional 116,294 shares during the last quarter. FNY Partners Fund LP acquired a new position in shares of FelCor Lodging Trust during the first quarter worth about $383,000. HighTower Advisors LLC raised its position in shares of FelCor Lodging Trust by 7.9% in the first quarter. HighTower Advisors LLC now owns 43,088 shares of the real estate investment trust’s stock worth $324,000 after buying an additional 3,168 shares during the last quarter. Finally, Engine Capital Management LLC acquired a new position in shares of FelCor Lodging Trust during the first quarter worth about $164,000. Institutional investors own 76.21% of the company’s stock.
FelCor Lodging Trust Company Profile
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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