JMP Securities Downgrades FelCor Lodging Trust Incorporated to Market Perform

Brokerage firm JMP Securities Downgrades its rating on FelCor Lodging Trust Incorporated(NYSE:FCH). The shares have been rated Market Perform. Previously, the analysts had a Market Outperform rating on the shares. The rating by JMP Securities was issued on Sep 16, 2016.

In a different note, On Jul 19, 2016, Deutsche Bank said it Maintains its rating on FelCor Lodging Trust Incorporated. In the research note, the firm Lowers the price-target to $8.00 per share. The shares have been rated ‘Hold’ by the firm.

FelCor Lodging Trust Incorporated (FCH) made into the market gainers list on Thursdays trading session with the shares advancing 2.18% or 0.14 points. Due to strong positive momentum, the stock ended at $6.57, which is also near the day’s high of $6.62. The stock began the session at $6.52 and the volume stood at 7,16,131 shares. The 52-week high of the shares is $8.63 and the 52 week low is $5.47. The company has a current market capitalization of $908 M and it has 13,82,14,280 shares in outstanding.

FelCor Lodging Trust Incorporated(FCH) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $237.91M. Analysts had an estimated revenue of $240.19M. Earnings per share were $0.32. Analysts had estimated an EPS of $0.34.

Several Insider Transactions has been reported to the SEC. On Jul 6, 2016, Robert F Cotter (director) sold 15,918 shares at $6.34 per share price.Also, On May 18, 2016, Mark D Rozells (director) purchased 10,000 shares at $6.89 per share price.On Mar 4, 2016, Jonathan H Yellen (EVP, GC & Secretary) sold 12,000 shares at $8.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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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