Real Estate Management Services buys $28,875,398 stake in FelCor Lodging Trust Incorporated (FCH)

FelCor Lodging Trust Incorporated (FCH) : Real Estate Management Services scooped up 394,167 additional shares in FelCor Lodging Trust Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 3,636,700 shares of FelCor Lodging Trust Incorporated which is valued at $28,875,398.FelCor Lodging Trust Incorporated makes up approximately 4.60% of Real Estate Management Services’s portfolio.

FelCor Lodging Trust Incorporated opened for trading at $7.92 and hit $7.96 on the upside on Monday, eventually ending the session at $7.95, with a gain of 0.13% or 0.01 points. The heightened volatility saw the trading volume jump to 3,55,255 shares. Company has a market cap of $1,110 M.

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On the company’s financial health, FelCor Lodging Trust Incorporated reported $0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Feb 25, 2016. Analyst had a consensus of $0.17. The company had revenue of $206.30 million for the quarter, compared to analysts expectations of $206.56 million. The company’s revenue was down -.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.15 EPS.

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 14435 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.

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