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Last $9.98 USD
Change Today -0.04 / -0.40%
Volume 1.0M
FCH On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

felcor lodging trust inc (FCH) Snapshot

Open
$10.10
Previous Close
$10.02
Day High
$10.19
Day Low
$9.89
52 Week High
03/23/15 - $12.43
52 Week Low
10/2/14 - $8.99
Market Cap
1.4B
Average Volume 10 Days
1.1M
EPS TTM
$0.64
Shares Outstanding
143.3M
EX-Date
07/13/15
P/E TM
15.6x
Dividend
$0.16
Dividend Yield
1.20%
Current Stock Chart for FELCOR LODGING TRUST INC (FCH)

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felcor lodging trust inc (FCH) Details

FelCor Lodging Trust Incorporated is a publicly owned real estate investment trust. The firm engages in investment and management of properties in the hospitality industry. It invests in the real estate markets of the United States. The firm primarily invests in hotels with a focus on the ownership of upper-upscale, full-service hotels and resorts. It was formerly known as FelCor Suite Hotels, Inc. FelCor Lodging Trust was founded in 1994 and is based in Irving, Texas.

61 Employees
Last Reported Date: 02/27/15
Founded in 1994

felcor lodging trust inc (FCH) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $764.9K
Co-Founder, Chairman and Chairman of Executiv...
Total Annual Compensation: $357.2K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $350.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $442.6K
Chief Investment Officer and Executive Vice P...
Total Annual Compensation: $409.8K
Compensation as of Fiscal Year 2014.

felcor lodging trust inc (FCH) Key Developments

FelCor Lodging Trust Incorporated Declares Second Quarter 2015 Dividends on Common and Preferred Stock, Payable on July 31, 2015

FelCor Lodging Trust Incorporated announced that its Board of Directors declared second quarter dividends on its common and preferred stock. The company will pay $0.04 per share on its common stock and $0.4875 per share on its Series A Preferred Stock. The dividends will be paid on July 31, 2015 to stockholders of record on July 15, 2015.

FelCor Lodging Trust Incorporated Expands $400 Million Credit Facility

FelCor Lodging Trust Incorporated announced that it has amended and restated its secured line of credit facility to expand its borrowing capacity from $225 million to $400 million. The term of the amended facility is five years and matures in June 2020 (extended from July 2017), which includes an optional one-year extension that is subject to certain conditions. Borrowings bear interest at LIBOR (no floor) plus an applicable margin ranging from 225 to 275 basis points (reduced from 337.5 basis points), depending on the company’s leverage. The facility is secured by mortgages on seven hotels and permits partial release and substitution of properties, subject to certain conditions. At closing, FelCor repaid a $140 million secured term loan that otherwise matured in 2017. As a result, FelCor now owns 19 unencumbered properties, an increase of 11 since the end of the first quarter 2015. J.P. Morgan Securities, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as Joint Lead Arrangers and Joint Bookrunners. JPMorgan Chase Bank, N.A., will continue to serve as Administrative Agent. Bank of America, N.A. served as Syndication Agent.

FelCor Lodging Trust Incorporated Approves Amendment of Charter and Articles

FelCor Lodging Trust Incorporated announced that on May 19, 2015, following a stockholder vote authorizing Articles of Amendment and Restatement that eliminated the classification of the company's Board of Directors and thereby permitted annual election of all directors, the Amended Charter was duly filed with the State Department of Assessments and Taxation in Maryland, at which time the Amended Charter became effective. Immediately thereafter, the company filed Articles Supplementary that reclassified recently redeemed shares of the company's 8% Series C Cumulative Redeemable Preferred Stock as authorized but unissued shares of preferred stock. On May 19, 2015, following a stockholder vote authorizing Articles of Amendment and Restatement that eliminated the classification of the Board and thereby permitted annual election of all directors, the Board accordingly amended Section 3(a) of the company's Bylaws in its entirety to provide as follows: (a) subject to the provisions set out in the Charter, the number of directors shall be fixed in such manner as may be determined by the vote of a majority of the directors then in office. Each director of the corporation elected after May 19, 2015 (effective date) shall serve until the next annual meeting of the stockholders and until his or her successor is elected and qualifies. Each director elected prior to the effective date shall serve for a term ending on the date of the third annual meeting of stockholders following the annual meeting of stockholders at which such director was elected and until his or her successor is elected and qualifies. A majority of the directors may elect from its members a Chairman. The Chairman, if any, shall hold this office until his successor shall have been elected. At the annual meeting of stockholders, the company approved amendment and restatement of the company's charter to eliminate director classification, which would permit annual election of directors.

 

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FCH

Industry Average

Valuation FCH Industry Range
Price/Earnings 16.5x
Price/Sales 1.4x
Price/Book NM Not Meaningful
Price/Cash Flow 6.3x
TEV/Sales NM Not Meaningful
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