TIAA CREF Investment Management LLC now owns 672,845 shares of the real estate investment trust's stock valued at $4,326,000 after buying an additional 2,401 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of FelCor Lodging Trust by 0.4% in the third quarter. The company is set at a mean analysts' recommendation of 2.20. State of Alaska Department of Revenue increased its position in RLJ Lodging Trust by 370.4% in the third quarter. State Street Corp now owns 774,357 shares of the real estate investment trust's stock worth $15,909,000 after buying an additional 65,430 shares during the period.
According to the latest research reports released, 1 analyst has issued a rating of "buy", 2 analysts "outperform", 5 analysts "hold", 2 analysts "underperform" and 0 analysts "sell". Finance believes the true inherent value of FelCor could be as high as $9.00 per share.
FelCor Lodging Trust Incorporated (FCH) has a market capitalization of 1.1 Billion. In order to determine directional movement, the 50-day and 200-day moving averages for RLJ Lodging Trust (NYSE:RLJ) are $22.96 and $22.79. 0 shares were traded on RLJ Lodging Trust's last session. It dropped, as 13 investors sold Chatham Lodging Trust shares while 43 reduced holdings. Chatham Lodging Trust had a return on equity of 4.82% and a net margin of 11.34%.
According to the RLJ's website, the deal will also free up about $22 million in savings related to duplicative overhead and operating costs. During its last trading session, Stock traded with the total exchanged volume of 17.13 million shares. Stocks with high EPS growth rates compared with year-ago levels suggest a company has products or services in strong demand.
The company has mean EPS estimate of 0.29 reported by 4 number of analyst for the quarter ending May 2, 2017- May 8, 2017. Stockholders of record on Friday, April 14th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, April 26th. This represents a $1.32 annualized dividend and a yield of 6.56%. FelCor Lodging Trust's dividend payout ratio is presently -133.33%.
If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, FCH earned gross profit of 589.71 Million, in 2015 573.11 Million gross profit, while in 2016 FelCor Lodging Trust Incorporated (FCH) produced 560.9 Million profit. If you are reading this story on another website, it was illegally copied and republished in violation of USA and global copyright and trademark laws. WFG Advisors LP boosted its stake in shares of FelCor Lodging Trust by 53,500.0% in the fourth quarter.
Analysts Near-Term outlook: Genworth Financial, Inc. (GNW), Zions Bancorporation (ZION)
Caxton Associates LP purchased a new position in shares of Zions Bancorp during the fourth quarter valued at about $4,304,000. Generally, a stock scoring an 8 or 9 would be viewed as strong while a stock with a score from 0-2 would be considered weak.
Several brokerages have recently commented on FCH.
07/15/2016 - RLJ Lodging Trust was downgraded to "hold" by analysts at Canaccord Genuity.
01/07/2016 - BB&T Capital Markets began new coverage on RLJ Lodging Trust giving the company a "buy" rating.
Stock market analysts and brokers have recently amended their target prices on shares of Chatham Lodging Trust (REIT) (NYSE:CLDT).
08/04/2016 - Chatham Lodging Trust (REIT) had its "equal-weight" rating reiterated by analysts at Barclays. 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 Firm invests primarily in upscale extended-stay and premium-branded select-service hotels.