Q1 2017 EPS Estimates for FelCor Lodging Trust Incorporated Decreased by SunTrust Banks (FCH)

FelCor Lodging Trust Incorporated (NYSE:FCH) – Stock analysts at SunTrust Banks lowered their Q1 2017 earnings per share estimates for shares of FelCor Lodging Trust in a research note issued to investors on Monday. SunTrust Banks analyst P. Scholes now forecasts that the real estate investment trust will post earnings of $0.11 per share for the quarter, down from their prior forecast of $0.12. SunTrust Banks also issued estimates for FelCor Lodging Trust’s FY2017 earnings at $0.87 EPS.

FelCor Lodging Trust (NYSE:FCH) last released its earnings results on Thursday, February 23rd. The real estate investment trust reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The firm earned $195.90 million during the quarter, compared to the consensus estimate of $199.59 million. FelCor Lodging Trust had a negative return on equity of 26.61% and a negative net margin of 0.09%. The company’s revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 EPS.

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Earnings History and Estimates for FelCor Lodging Trust (NYSE:FCH)

A number of other research firms also recently weighed in on FCH. Zacks Investment Research downgraded FelCor Lodging Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 3rd. JMP Securities restated a “market perform” rating on shares of FelCor Lodging Trust in a research report on Thursday, January 26th. Finally, FBR & Co downgraded FelCor Lodging Trust from an “outperform” rating to a “market perform” rating and set a $8.00 price target on the stock. in a research report on Wednesday, January 4th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.13.

Shares of FelCor Lodging Trust (NYSE:FCH) opened at 7.37 on Thursday. FelCor Lodging Trust has a 52-week low of $5.68 and a 52-week high of $9.13. The stock’s 50 day moving average price is $7.37 and its 200-day moving average price is $7.33. The company’s market capitalization is $1.02 billion.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Institutional Trust Company N.A. increased its stake in FelCor Lodging Trust by 9.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 5,446,372 shares of the real estate investment trust’s stock worth $35,020,000 after buying an additional 471,210 shares during the last quarter. Real Estate Management Services LLC increased its stake in FelCor Lodging Trust by 7.3% in the third quarter. Real Estate Management Services LLC now owns 4,727,800 shares of the real estate investment trust’s stock worth $30,400,000 after buying an additional 320,300 shares during the last quarter. State Street Corp increased its stake in FelCor Lodging Trust by 2.7% in the fourth quarter. State Street Corp now owns 4,607,085 shares of the real estate investment trust’s stock worth $36,901,000 after buying an additional 122,491 shares during the last quarter. Renaissance Technologies LLC increased its stake in FelCor Lodging Trust by 39.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,748,402 shares of the real estate investment trust’s stock worth $14,005,000 after buying an additional 491,102 shares during the last quarter. Finally, Norges Bank purchased a new stake in FelCor Lodging Trust during the fourth quarter worth $12,354,000. Institutional investors and hedge funds own 79.13% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Friday, April 14th will be given a dividend of $0.06 per share. The ex-dividend date is Tuesday, April 11th. This represents a $0.24 dividend on an annualized basis and a yield of 3.26%. FelCor Lodging Trust’s payout ratio is -133.33%.

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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