FelCor Lodging Trust Incorporated (FCH) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its stake in shares of FelCor Lodging Trust Incorporated (NYSE:FCH) by 14.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 15,856 shares of the real estate investment trust’s stock after selling 2,651 shares during the period. Principal Financial Group Inc.’s holdings in FelCor Lodging Trust were worth $114,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bank of Montreal Can raised its position in shares of FelCor Lodging Trust by 298.9% in the second quarter. Bank of Montreal Can now owns 14,999 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 11,239 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of FelCor Lodging Trust by 2.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 19,622 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 478 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of FelCor Lodging Trust in the first quarter valued at about $147,000. Dynamic Technology Lab Private Ltd raised its position in shares of FelCor Lodging Trust by 44.8% in the first quarter. Dynamic Technology Lab Private Ltd now owns 20,281 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 6,279 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of FelCor Lodging Trust in the first quarter valued at about $304,000. Institutional investors own 78.78% of the company’s stock.

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FCH has been the subject of a number of recent research reports. ValuEngine cut shares of FelCor Lodging Trust from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 24th. Zacks Investment Research upgraded shares of FelCor Lodging Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. FBR & Co reiterated a “neutral” rating and issued a $7.00 target price (down from $8.00) on shares of FelCor Lodging Trust in a research report on Monday, August 14th. Finally, BidaskClub upgraded shares of FelCor Lodging Trust from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $7.00.

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

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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