Somewhat Favorable News Coverage Somewhat Unlikely to Affect FelCor Lodging Trust (FCH) Stock Price
News stories about FelCor Lodging Trust (NYSE:FCH) have trended somewhat positive on Saturday, according to Accern Sentiment. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. FelCor Lodging Trust earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 45.7789178958496 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of FelCor Lodging Trust (FCH) traded up $0.08 during mid-day trading on Friday, reaching $7.30. 6,710,900 shares of the company’s stock traded hands, compared to its average volume of 1,976,405. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of -9.68. FelCor Lodging Trust has a one year low of $6.00 and a one year high of $9.13.
FelCor Lodging Trust (NYSE:FCH) last announced its earnings results 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). The business had revenue of $220.40 million for the quarter, compared to the consensus estimate of $222.20 million. FelCor Lodging Trust’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 earnings per share.
A number of equities research analysts recently issued reports on FCH shares. FBR & Co reissued a “neutral” rating and issued a $7.00 price objective (down previously from $8.00) on shares of FelCor Lodging Trust in a report on Monday, August 14th. BidaskClub raised shares of FelCor Lodging Trust from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. ValuEngine lowered shares of FelCor Lodging Trust from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 24th. Finally, Zacks Investment Research lowered shares of FelCor Lodging Trust from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $7.00.
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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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