Choice Hotels International Inc (NYSE:CHH) declared a quarterly dividend on Monday, December 18th, RTT News reports. Investors of record on Tuesday, January 2nd will be paid a dividend of 0.215 per share on Wednesday, January 17th. This represents a $0.86 dividend on an annualized basis and a yield of 1.13%.
Choice Hotels International has raised its dividend by an average of 13.9% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Choice Hotels International has a dividend payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Choice Hotels International to earn $3.20 per share next year, which means the company should continue to be able to cover its $0.86 annual dividend with an expected future payout ratio of 26.9%.
Choice Hotels International (NYSE:CHH) opened at $76.20 on Monday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of -3.99. Choice Hotels International has a 1-year low of $53.40 and a 1-year high of $79.80. The company has a market capitalization of $4,315.29, a P/E ratio of 27.14, a price-to-earnings-growth ratio of 3.14 and a beta of 1.17.
Choice Hotels International (NYSE:CHH) last released its earnings results on Monday, November 6th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.03. Choice Hotels International had a negative return on equity of 60.41% and a net margin of 15.66%. The company had revenue of $295.09 million for the quarter, compared to the consensus estimate of $288.50 million. During the same quarter last year, the business posted $0.84 EPS. Choice Hotels International’s quarterly revenue was up 10.3% compared to the same quarter last year. sell-side analysts expect that Choice Hotels International will post 2.89 earnings per share for the current year.
In other news, major shareholder Bruce Bainum sold 250,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $74.05, for a total value of $18,512,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick Pacious sold 11,149 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $75.78, for a total value of $844,871.22. Following the completion of the sale, the chief executive officer now directly owns 124,073 shares of the company’s stock, valued at approximately $9,402,251.94. The disclosure for this sale can be found here. 22.01% of the stock is currently owned by company insiders.
A hedge fund recently raised its stake in Choice Hotels International stock. The Manufacturers Life Insurance Company lifted its holdings in Choice Hotels International Inc (NYSE:CHH) by 6.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,651 shares of the company’s stock after buying an additional 106 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Choice Hotels International were worth $106,000 as of its most recent SEC filing. Institutional investors own 50.83% of the company’s stock.
A number of brokerages have recently weighed in on CHH. TheStreet upgraded Choice Hotels International from a “c+” rating to a “b” rating in a research report on Wednesday, October 18th. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research report on Tuesday, October 17th. Barclays raised their target price on Choice Hotels International from $60.00 to $67.00 and gave the company an “underweight” rating in a research report on Tuesday, November 7th. J P Morgan Chase & Co cut Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $72.00 target price on the stock. in a research report on Wednesday, December 13th. Finally, SunTrust Banks restated a “hold” rating and issued a $71.00 target price on shares of Choice Hotels International in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $67.38.
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About Choice Hotels International
Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.
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