UBS Asset Management Americas Inc. decreased its stake in shares of FelCor Lodging Trust Incorporated (NYSE:FCH) by 4.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 239,483 shares of the real estate investment trust’s stock after selling 10,499 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.17% of FelCor Lodging Trust worth $1,727,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in FelCor Lodging Trust by 2.1% during the first quarter. Vanguard Group Inc. now owns 20,627,919 shares of the real estate investment trust’s stock worth $154,915,000 after buying an additional 425,944 shares in the last quarter. BlackRock Inc. lifted its position in FelCor Lodging Trust by 5,602.2% during the first quarter. BlackRock Inc. now owns 11,528,165 shares of the real estate investment trust’s stock worth $86,575,000 after buying an additional 11,325,993 shares in the last quarter. JPMorgan Chase & Co. lifted its position in FelCor Lodging Trust by 94.0% during the second quarter. JPMorgan Chase & Co. now owns 3,126,881 shares of the real estate investment trust’s stock worth $22,545,000 after buying an additional 1,515,090 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new position in FelCor Lodging Trust during the second quarter worth approximately $16,974,000. Finally, Nuveen Asset Management LLC lifted its position in FelCor Lodging Trust by 13,058.7% during the first quarter. Nuveen Asset Management LLC now owns 1,880,244 shares of the real estate investment trust’s stock worth $14,121,000 after buying an additional 1,865,955 shares in the last quarter. Hedge funds and other institutional investors own 78.78% of the company’s stock.

FCH has been the topic of a number of analyst reports. ValuEngine downgraded FelCor Lodging Trust from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 24th. BidaskClub cut FelCor Lodging Trust from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Zacks Investment Research cut FelCor Lodging Trust from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Finally, FBR & Co reissued a “neutral” rating and set a $7.00 target price (down previously from $8.00) on shares of FelCor Lodging Trust in a research note on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $7.00.

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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 for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.35). The business had revenue of $220.40 million during the quarter, compared to the consensus estimate of $222.20 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis.

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.

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

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