$217.88 Million in Sales Expected for FelCor Lodging Trust Incorporated (FCH) This Quarter
Equities analysts expect that FelCor Lodging Trust Incorporated (NYSE:FCH) will announce sales of $217.88 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for FelCor Lodging Trust’s earnings, with the lowest sales estimate coming in at $212.47 million and the highest estimate coming in at $221.70 million. FelCor Lodging Trust posted sales of $222.98 million during the same quarter last year, which would indicate a negative year over year growth rate of 2.3%. The business is scheduled to issue its next earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that FelCor Lodging Trust will report full-year sales of $217.88 million for the current fiscal year, with estimates ranging from $812.36 million to $833.20 million. For the next financial year, analysts forecast that the firm will post sales of $829.43 million per share, with estimates ranging from $802.90 million to $848.84 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow FelCor Lodging Trust.
FelCor Lodging Trust (NYSE:FCH) last issued its earnings results on Wednesday, August 9th. The real estate investment trust reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.35. The firm had revenue of $220.40 million during the quarter, compared to analyst estimates of $222.20 million. During the same period in the prior year, the firm earned $0.32 EPS. The business’s revenue for the quarter was down 7.4% on a year-over-year basis.
Several analysts recently issued reports on the company. Zacks Investment Research lowered FelCor Lodging Trust from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. ValuEngine upgraded FelCor Lodging Trust from a “buy” rating to a “strong-buy” rating in a report on Friday, July 14th. BidaskClub lowered FelCor Lodging Trust from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Finally, FBR & Co reiterated a “neutral” rating and set a $7.00 target price (down previously from $8.00) on shares of FelCor Lodging Trust in a report on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $7.83.
Hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its stake in FelCor Lodging Trust by 3.8% in the first quarter. Legal & General Group Plc now owns 341,723 shares of the real estate investment trust’s stock valued at $2,566,000 after buying an additional 12,531 shares in the last quarter. Vanguard Group Inc. raised its stake in FelCor Lodging Trust by 2.1% in the first quarter. Vanguard Group Inc. now owns 20,627,919 shares of the real estate investment trust’s stock valued at $154,915,000 after buying an additional 425,944 shares in the last quarter. Gabelli Funds LLC acquired a new stake in FelCor Lodging Trust during the first quarter valued at about $146,000. Quantitative Systematic Strategies LLC acquired a new stake in FelCor Lodging Trust during the second quarter valued at about $329,000. Finally, Chartwell Investment Partners LLC acquired a new stake in FelCor Lodging Trust during the first quarter valued at about $6,661,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.
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FelCor Lodging Trust (FCH) traded down 1.26% during trading on Wednesday, reaching $7.06. The company’s stock had a trading volume of 2,362,640 shares. The firm’s market capitalization is $977.25 million. The stock’s 50-day moving average is $7.20 and its 200 day moving average is $7.36. FelCor Lodging Trust has a 52-week low of $6.00 and a 52-week high of $9.13.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 28th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $0.16 annualized dividend and a yield of 2.27%. FelCor Lodging Trust’s payout ratio is presently -48.98%.
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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