Analyst Rating Update on FelCor Lodging Trust Incorporated (FCH)

FelCor Lodging Trust Incorporated (NYSE:FCH) : Zacks Investment Research ranks FelCor Lodging Trust Incorporated (NYSE:FCH) as 2, which is a Buy recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 2.8, which indicates as a Hold.

FelCor Lodging Trust Incorporated (NYSE:FCH) : 5 investment research analysts covering FelCor Lodging Trust Incorporated (NYSE:FCH) have an average price target of $7.9 for the near short term. The highest target price given by the Brokerage Firm to the stock is $9 and the lowest target is $7 for the short term. Analysts expect the variance to be within $0.89 of the average price.

Company shares have received an average consensus rating of Hold for the current week

FelCor Lodging Trust Incorporated (NYSE:FCH): stock turned positive on Tuesday. Though the stock opened at $5.89, the bulls momentum made the stock top out at $6.04 level for the day. The stock recorded a low of $5.79 and closed the trading day at $5.82, in the green by 1.04%. The total traded volume for the day was 1,066,365. The stock had closed at $5.76 in the previous days trading.

In an insider trading activity, Rozells Mark D, director of Felcor Lodging Trust Inc, executed a transaction worth $68,900 on May 17, 2016. A total of 10,000 shares were purchased at an average price of $6.89. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

FelCor Lodging Trust Incorporated (FelCor) is a real estate investment trust (REIT). FelCor owns a portfolio of primarily upper-upscale and luxury hotels and resorts. As of December 31, 2014, FelCor is the sole general partner of, and the owner of a greater than 99% partnership interest in, FelCor Lodging Limited Partnership (FelCor LP)through , which the Company held ownership interests in 48 hotels with 14,435 rooms. The Company sells, acquires, rebrands and redevelops hotels. The Company owns DoubleTree by Hilton, DoubleTree Suites by Hilton, Embassy Suites Hotels, Fairmont, Hilton, Holiday Inn, Marriott, Morgans, Renaissance, Royalton, Sheraton, Sheraton Suites, Walt Disney World, Westin, Wyndham and Wyndham Grand.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.