FelCor Lodging Trust Incorporated (FCH) : Spirit Of America Management Corpny reduced its stake in FelCor Lodging Trust Incorporated by 16.89% during the most recent quarter end. The investment management company now holds a total of 206,726 shares of FelCor Lodging Trust Incorporated which is valued at $1,337,517 after selling 42,000 shares in FelCor Lodging Trust Incorporated , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.FelCor Lodging Trust Incorporated makes up approximately 0.18% of Spirit Of America Management Corpny’s portfolio.
Other Hedge Funds, Including , Dalton Greiner Hartman Maher Co boosted its stake in FCH in the latest quarter, The investment management firm added 4,082 additional shares and now holds a total of 427,409 shares of FelCor Lodging Trust Incorporated which is valued at $2,778,159. FelCor Lodging Trust Incorporated makes up approx 0.18% of Dalton Greiner Hartman Maher Co’s portfolio. Morgens Waterfall Vintiadis Co Inc sold out all of its stake in FCH during the most recent quarter. The investment firm sold 330,000 shares of FCH which is valued $2,115,300. Carroll Financial Associates sold out all of its stake in FCH during the most recent quarter. The investment firm sold 21 shares of FCH which is valued $138.
FelCor Lodging Trust Incorporated closed down -0.03 points or -0.46% at $6.47 with 16,95,505 shares getting traded on Friday. Post opening the session at $6.53, the shares hit an intraday low of $6.43 and an intraday high of $6.56 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, FelCor Lodging Trust Incorporated reported $0.32 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 26, 2016. Analyst had a consensus of $0.34. The company had revenue of $237.90 million for the quarter, compared to analysts expectations of $241.22 million. The company’s revenue was down -1.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.
Many Wall Street Analysts have commented on FelCor Lodging Trust Incorporated. FelCor Lodging Trust Incorporated was Downgraded by JMP Securities to ” Mkt Perform” on Sep 16, 2016.
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.