KBW Increases FFO Estimate on FelCor Lodging Trust (FCH)

KBW is out with its report today on FelCor Lodging Trust

, raising its 2011E FFO estimate. In a note to clients, KBW states, "Following FCH's 4Q earnings and conference call, we are increasing our 2011E FFO to $0.27 from $0.24, which reflects 14% adjusted EBITDA growth to $215M from $188M in 2010, or a 5% increase from our previous forecast. The increase reflects continued improvement in RevPAR (+7%) and operating margin (+150-200bps)." Shares of FCH closed Friday at $7.58, up 6.01% from Thursday's close.