FelCor Lodging Trust Incorporated (FCH) Declares $0.04 Dividend
FelCor Lodging Trust Incorporated (NYSE:FCH) announced a dividend on Thursday, August 17th, Fidelity reports. Shareholders of record on Monday, August 28th will be given a dividend of 0.04 per share by the real estate investment trust on Wednesday, August 30th. The ex-dividend date of this dividend is Thursday, August 24th.
FelCor Lodging Trust has a dividend payout ratio of 29.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect FelCor Lodging Trust to earn $0.85 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 28.2%.
Shares of FelCor Lodging Trust (FCH) opened at 7.07 on Friday. FelCor Lodging Trust has a 12-month low of $6.00 and a 12-month high of $9.13. The firm has a 50-day moving average of $7.21 and a 200 day moving average of $7.38. The firm’s market capitalization is $978.64 million.
FelCor Lodging Trust (NYSE:FCH) last released its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.35. FelCor Lodging Trust had a negative return on equity of 25.32% and a negative net margin of 5.15%. The business had revenue of $220.40 million for the quarter, compared to analyst estimates of $222.20 million. During the same quarter in the previous year, the company posted $0.32 EPS. The business’s quarterly revenue was down 7.4% on a year-over-year basis. On average, equities research analysts expect that FelCor Lodging Trust will post ($0.29) earnings per share for the current year.
FCH has been the topic of several research reports. ValuEngine downgraded shares of FelCor Lodging Trust from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of FelCor Lodging Trust from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. FBR & Co restated a “neutral” rating and set a $7.00 price objective (down previously from $8.00) on shares of FelCor Lodging Trust in a report on Monday. Finally, BidaskClub upgraded shares of FelCor Lodging Trust from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. FelCor Lodging Trust currently has an average rating of “Hold” and a consensus price target of $7.83.
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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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