Schwab Charles Investment Management Inc. increased its position in FelCor Lodging Trust Incorporated (NYSE:FCH) by 9.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,246,045 shares of the real estate investment trust’s stock after purchasing an additional 103,324 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.90% of FelCor Lodging Trust worth $8,984,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of FCH. BlackRock Inc. lifted its stake in FelCor Lodging Trust by 5,602.2% during the 1st quarter. BlackRock Inc. now owns 11,528,165 shares of the real estate investment trust’s stock valued at $86,575,000 after acquiring an additional 11,325,993 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in FelCor Lodging Trust by 13,058.7% during the 1st quarter. Nuveen Asset Management LLC now owns 1,880,244 shares of the real estate investment trust’s stock valued at $14,121,000 after acquiring an additional 1,865,955 shares in the last quarter. Kennedy Capital Management Inc. bought a new position in FelCor Lodging Trust during the 1st quarter valued at $8,320,000. Chartwell Investment Partners LLC bought a new position in FelCor Lodging Trust during the 1st quarter valued at $6,661,000. Finally, Land & Buildings Investment Management LLC lifted its stake in FelCor Lodging Trust by 9.1% during the 1st quarter. Land & Buildings Investment Management LLC now owns 8,205,688 shares of the real estate investment trust’s stock valued at $61,625,000 after acquiring an additional 684,233 shares in the last quarter. Institutional investors own 78.78% of the company’s stock.

FelCor Lodging Trust Incorporated (NYSE:FCH) opened at 7.30 on Thursday. The company’s market capitalization is $1.01 billion. The firm’s 50-day moving average price is $7.20 and its 200 day moving average price is $7.34. FelCor Lodging Trust Incorporated has a 52 week low of $6.00 and a 52 week high of $9.13.

FelCor Lodging Trust (NYSE:FCH) last released its earnings results on Wednesday, August 9th. The real estate investment trust reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.35). The business had revenue of $220.40 million during the quarter, compared to analyst estimates of $222.20 million. During the same quarter last year, the business earned $0.32 earnings per share. The company’s quarterly revenue was down 7.4% on a year-over-year basis. Equities research analysts expect that FelCor Lodging Trust Incorporated will post ($0.37) earnings per share for the current fiscal year.

Several equities analysts have weighed in on the company. BidaskClub cut FelCor Lodging Trust from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. FBR & Co restated a “neutral” rating and set a $7.00 price objective (down from $8.00) on shares of FelCor Lodging Trust in a research note on Monday, August 14th. Zacks Investment Research cut FelCor Lodging Trust from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Finally, ValuEngine upgraded FelCor Lodging Trust from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 14th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. FelCor Lodging Trust has a consensus rating of “Hold” and an average target price of $7.00.

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FelCor Lodging Trust Company Profile

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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Institutional Ownership by Quarter for FelCor Lodging Trust (NYSE:FCH)

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