Teachers Insurance & Annuity Association of America reduced its holdings in shares of FelCor Lodging Trust Incorporated (NYSE:FCH) by 12.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 128,971 shares of the real estate investment trust’s stock after selling 17,665 shares during the period. Teachers Insurance & Annuity Association of America owned approximately 0.09% of FelCor Lodging Trust worth $930,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Bank of Montreal Can grew its position in FelCor Lodging Trust by 298.9% during the 2nd quarter. Bank of Montreal Can now owns 14,999 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 11,239 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in FelCor Lodging Trust by 2.5% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 19,622 shares of the real estate investment trust’s stock worth $141,000 after purchasing an additional 478 shares during the last quarter. Gabelli Funds LLC purchased a new position in FelCor Lodging Trust during the 1st quarter worth $146,000. Laurion Capital Management LP purchased a new position in FelCor Lodging Trust during the 2nd quarter worth $146,000. Finally, SG Americas Securities LLC purchased a new position in FelCor Lodging Trust during the 1st quarter worth $147,000. 78.78% of the stock is currently owned by institutional investors.

Shares of FelCor Lodging Trust Incorporated (NYSE FCH) opened at 7.30 on Thursday. The stock’s market cap is $1.01 billion. FelCor Lodging Trust Incorporated has a one year low of $6.00 and a one year high of $9.13. The stock has a 50 day moving average of $7.20 and a 200 day moving average of $7.34.

FelCor Lodging Trust (NYSE:FCH) last released its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.29 by ($0.35). The firm had revenue of $220.40 million for the quarter, compared to analyst estimates of $222.20 million. The business’s revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.32 EPS. Equities analysts expect that FelCor Lodging Trust Incorporated will post ($0.37) EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Monday, August 28th were given a dividend of $0.04 per share. The ex-dividend date was Thursday, August 24th. This represents a $0.16 annualized dividend and a dividend yield of 2.19%. FelCor Lodging Trust’s dividend payout ratio is currently -48.98%.

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Several brokerages have issued reports on FCH. BidaskClub downgraded shares of FelCor Lodging Trust from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. FBR & Co reaffirmed a “neutral” rating and issued a $7.00 target price (down previously from $8.00) on shares of FelCor Lodging Trust in a report on Monday, August 14th. Zacks Investment Research downgraded shares of FelCor Lodging Trust from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Finally, ValuEngine downgraded shares of FelCor Lodging Trust from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. FelCor Lodging Trust has a consensus rating of “Hold” and a consensus target price of $7.83.

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.

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

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