Chicago Capital Management LLC bought a new stake in shares of FelCor Lodging Trust Incorporated (NYSE:FCH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 275,640 shares of the real estate investment trust’s stock, valued at approximately $1,987,000. FelCor Lodging Trust makes up approximately 0.4% of Chicago Capital Management LLC’s portfolio, making the stock its 24th largest position. Chicago Capital Management LLC owned 0.20% of FelCor Lodging Trust at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of FCH. Real Estate Management Services LLC increased its stake in FelCor Lodging Trust by 2.4% in the first quarter. Real Estate Management Services LLC now owns 3,442,813 shares of the real estate investment trust’s stock valued at $25,856,000 after buying an additional 80,213 shares during the last quarter. Clear Harbor Asset Management LLC increased its stake in FelCor Lodging Trust by 233.1% in the first quarter. Clear Harbor Asset Management LLC now owns 54,795 shares of the real estate investment trust’s stock valued at $412,000 after buying an additional 38,345 shares during the last quarter. Dalton Greiner Hartman Maher & Co. increased its stake in FelCor Lodging Trust by 0.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 485,718 shares of the real estate investment trust’s stock valued at $3,648,000 after buying an additional 1,811 shares during the last quarter. State of Alaska Department of Revenue increased its stake in FelCor Lodging Trust by 34.0% in the first quarter. State of Alaska Department of Revenue now owns 82,280 shares of the real estate investment trust’s stock valued at $617,000 after buying an additional 20,880 shares during the last quarter. Finally, Fox Run Management L.L.C. increased its stake in FelCor Lodging Trust by 31.4% in the first quarter. Fox Run Management L.L.C. now owns 25,500 shares of the real estate investment trust’s stock valued at $192,000 after buying an additional 6,100 shares during the last quarter. 75.42% of the stock is owned by institutional investors and hedge funds.
Shares of FelCor Lodging Trust Incorporated (NYSE:FCH) traded up 0.42% during trading on Friday, reaching $7.15. The company had a trading volume of 3,208,061 shares. The stock’s market capitalization is $989.65 million. FelCor Lodging Trust Incorporated has a 52-week low of $6.00 and a 52-week high of $9.13. The stock has a 50 day moving average of $7.24 and a 200 day moving average of $7.40.
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. FelCor Lodging Trust had a negative return on equity of 25.32% and a negative net margin of 5.15%. The business had revenue of $220.40 million during the quarter, compared to the consensus estimate of $222.20 million. During the same period in the prior year, the business earned $0.32 EPS. The business’s revenue was down 7.4% on a year-over-year basis. Equities research analysts forecast that FelCor Lodging Trust Incorporated will post ($0.24) EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, July 14th were issued a $0.06 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $0.24 dividend on an annualized basis and a yield of 3.36%. FelCor Lodging Trust’s dividend payout ratio is currently -48.98%.
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Several equities analysts recently issued reports on the company. Zacks Investment Research cut FelCor Lodging Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. ValuEngine cut FelCor Lodging Trust from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub upgraded FelCor Lodging Trust from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $8.17.
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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