BlackRock Advisors LLC boosted its stake in shares of FelCor Lodging Trust Incorporated (NYSE:FCH) by 288.5% during the third quarter, Holdings Channel reports. The fund owned 524,708 shares of the company’s stock after buying an additional 389,652 shares during the period. BlackRock Advisors LLC owned about 0.38% of FelCor Lodging Trust worth $3,374,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of FCH. Real Estate Management Services LLC boosted its stake 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 valued at $27,459,000 after buying an additional 770,800 shares during the last quarter. Dalton Greiner Hartman Maher & Co. raised its position in FelCor Lodging Trust by 1.0% in the third quarter. Dalton Greiner Hartman Maher & Co. now owns 427,409 shares of the company’s stock valued at $2,748,000 after buying an additional 4,082 shares during the last quarter. First Trust Advisors LP raised its position in FelCor Lodging Trust by 197.4% in the second quarter. First Trust Advisors LP now owns 150,842 shares of the company’s stock valued at $940,000 after buying an additional 100,120 shares during the last quarter. Macquarie Group Ltd. raised its position in FelCor Lodging Trust by 84.6% in the second quarter. Macquarie Group Ltd. now owns 78,100 shares of the company’s stock valued at $487,000 after buying an additional 35,800 shares during the last quarter. Finally, Capital Fund Management S.A. acquired a new position in FelCor Lodging Trust during the second quarter valued at about $1,152,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for FelCor Lodging Trust (NYSE:FCH)

FelCor Lodging Trust Incorporated (NYSE:FCH) opened at 7.82 on Friday. FelCor Lodging Trust Incorporated has a 12-month low of $5.47 and a 12-month high of $8.44. The stock’s market capitalization is $1.08 billion. The stock’s 50 day moving average is $7.90 and its 200 day moving average is $6.86.

FelCor Lodging Trust (NYSE:FCH) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.28 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.28. FelCor Lodging Trust had a negative net margin of 0.09% and a negative return on equity of 26.61%. The company had revenue of $223 million for the quarter, compared to analyst estimates of $222.17 million. During the same period in the prior year, the company posted $0.25 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. Equities analysts predict that FelCor Lodging Trust Incorporated will post ($0.16) earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 13th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend is Wednesday, January 11th. FelCor Lodging Trust’s dividend payout ratio (DPR) is currently -133.33%.

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FCH has been the subject of several recent research reports. JMP Securities lowered shares of FelCor Lodging Trust from an “outperform” rating to a “market perform” rating in a report on Friday, September 16th. Janney Montgomery Scott initiated coverage on shares of FelCor Lodging Trust in a report on Monday, September 26th. They set a “buy” rating and a $7.50 target price for the company. Zacks Investment Research upgraded shares of FelCor Lodging Trust from a “sell” rating to a “hold” rating in a report on Friday, September 30th. Finally, FBR & Co set a $8.00 target price on shares of FelCor Lodging Trust and gave the company a “buy” rating in a report on Wednesday, November 2nd. Three investment analysts have rated the stock with 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 target price of $8.13.

In related news, SVP Jeffrey D. Symes sold 7,100 shares of the stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $7.09, for a total value of $50,339.00. Following the sale, the senior vice president now directly owns 88,938 shares of the company’s stock, valued at approximately $630,570.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan H. Yellen sold 70,000 shares of the stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $6.50, for a total transaction of $455,000.00. Following the completion of the sale, the executive vice president now directly owns 198,631 shares in the company, valued at $1,291,101.50. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by corporate insiders.

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.

5 Day Chart for NYSE:FCH

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