JMP Securities cut shares of FelCor Lodging Trust Inc. (NYSE:FCH) from an outperform rating to a market perform rating in a research note issued to investors on Friday morning.

A number of other research firms also recently commented on FCH. Zacks Investment Research downgraded FelCor Lodging Trust from a buy rating to a hold rating in a research report on Tuesday, July 12th. Deutsche Bank AG restated a hold rating and issued a $8.00 price target on shares of FelCor Lodging Trust in a research report on Monday, June 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. FelCor Lodging Trust presently has an average rating of Hold and an average target price of $8.00.

Shares of FelCor Lodging Trust (NYSE:FCH) opened at 6.35 on Friday. The stock’s 50 day moving average is $6.57 and its 200-day moving average is $6.91. The company’s market cap is $877.66 million. 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 posted its earnings results on Tuesday, July 26th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $237.90 million for the quarter, compared to the consensus estimate of $240.19 million. FelCor Lodging Trust had a negative net margin of 0.44% and a negative return on equity of 151.76%. The firm’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.28 earnings per share. Equities research analysts expect that FelCor Lodging Trust will post $0.90 earnings per share for the current year.

In other news, Director Robert F. Cotter sold 15,918 shares of the firm’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $6.34, for a total transaction of $100,920.12. Following the transaction, the director now owns 116,300 shares in the company, valued at $737,342. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of FelCor Lodging Trust by 0.3% in the second quarter. BlackRock Inc. now owns 143,969 shares of the company’s stock valued at $898,000 after buying an additional 487 shares in the last quarter. Maryland Capital Management raised its position in shares of FelCor Lodging Trust by 8.3% in the first quarter. Maryland Capital Management now owns 13,000 shares of the company’s stock valued at $106,000 after buying an additional 1,000 shares in the last quarter. BlackRock Advisors LLC raised its position in shares of FelCor Lodging Trust by 1.0% in the second quarter. BlackRock Advisors LLC now owns 135,056 shares of the company’s stock valued at $841,000 after buying an additional 1,366 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of FelCor Lodging Trust by 1.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 107,912 shares of the company’s stock valued at $876,000 after buying an additional 1,865 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of FelCor Lodging Trust by 10.6% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 21,944 shares of the company’s stock valued at $137,000 after buying an additional 2,100 shares in the last quarter. Hedge funds and other institutional investors own 81.01% of the company’s stock.

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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