Strs Ohio cut its stake in shares of FelCor Lodging Trust Incorporated (NYSE:FCH) by 19.2% during the second quarter, Holdings Channel reports. The fund owned 202,808 shares of the real estate investment trust’s stock after selling 48,301 shares during the period. Strs Ohio’s holdings in FelCor Lodging Trust were worth $1,462,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. Bank of Montreal Can increased its stake in shares of FelCor Lodging Trust by 298.9% in the second quarter. Bank of Montreal Can now owns 14,999 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 11,239 shares during the last quarter. Teza Capital Management LLC purchased a new stake in shares of FelCor Lodging Trust during the first quarter valued at approximately $136,000. Gabelli Funds LLC purchased a new stake in shares of FelCor Lodging Trust during the first quarter valued at approximately $146,000. SG Americas Securities LLC purchased a new stake in shares of FelCor Lodging Trust during the first quarter valued at approximately $147,000. Finally, Dynamic Technology Lab Private Ltd increased its stake in shares of FelCor Lodging Trust by 44.8% in the first quarter. Dynamic Technology Lab Private Ltd now owns 20,281 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 6,279 shares during the last quarter. 75.42% of the stock is owned by hedge funds and other institutional investors.

Shares of FelCor Lodging Trust Incorporated (NYSE FCH) opened at 7.15 on Friday. The firm has a 50-day moving average of $7.24 and a 200 day moving average of $7.40. The company’s market cap is $989.65 million. FelCor Lodging Trust Incorporated has a 52 week low of $6.00 and a 52 week high of $9.13.

FelCor Lodging Trust (NYSE:FCH) last issued its quarterly 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. FelCor Lodging Trust had a negative return on equity of 25.32% and a negative net margin of 5.15%. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 EPS. Equities analysts anticipate that FelCor Lodging Trust Incorporated will post ($0.24) earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, July 14th were given a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.36%. FelCor Lodging Trust’s dividend payout ratio (DPR) is currently -48.98%.

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Several equities research analysts have commented on the stock. Zacks Investment Research downgraded shares of FelCor Lodging Trust from a “hold” rating to a “sell” rating in a research note on Thursday. ValuEngine raised shares of FelCor Lodging Trust from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 14th. Finally, BidaskClub downgraded shares of FelCor Lodging Trust from a “sell” rating to a “strong sell” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $8.17.

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

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