Choice Hotels (NYSE:CHH) declared a quarterly dividend on Friday, April 20th, RTT News reports. Investors of record on Monday, July 2nd will be paid a dividend of 0.215 per share on Tuesday, July 17th. This represents a $0.86 dividend on an annualized basis and a yield of 1.06%.
Choice Hotels has raised its dividend by an average of 5.1% annually over the last three years and has increased its dividend every year for the last 4 years. Choice Hotels has a dividend payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Choice Hotels to earn $4.03 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 21.3%.
Shares of Choice Hotels stock opened at $81.50 on Friday. Choice Hotels has a one year low of $59.60 and a one year high of $85.35. The company has a market cap of $4,673.37, a P/E ratio of 28.51, a P/E/G ratio of 2.27 and a beta of 1.08. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of -3.42.
Choice Hotels (NYSE:CHH) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.63 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.63. Choice Hotels had a negative return on equity of 68.40% and a net margin of 11.40%. The firm had revenue of $237.57 million for the quarter, compared to the consensus estimate of $227.65 million. During the same quarter last year, the business posted $0.56 earnings per share. The firm’s revenue was up 14.1% compared to the same quarter last year. research analysts predict that Choice Hotels will post 3.64 earnings per share for the current year.
Several equities research analysts have issued reports on the company. Zacks Investment Research raised Choice Hotels from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Tuesday, January 9th. ValuEngine raised Choice Hotels from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Barclays raised their target price on Choice Hotels from $67.00 to $75.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 21st. TheStreet cut Choice Hotels from a “b” rating to a “c+” rating in a research note on Wednesday, February 21st. Finally, JPMorgan Chase reissued an “underweight” rating and set a $72.00 target price (down previously from $73.00) on shares of Choice Hotels in a research note on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $77.13.
In other news, insider Patrick Cimerola sold 15,784 shares of Choice Hotels stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $79.95, for a total value of $1,261,930.80. Following the completion of the sale, the insider now directly owns 44,780 shares of the company’s stock, valued at $3,580,161. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William L. Jews sold 3,250 shares of Choice Hotels stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $78.26, for a total value of $254,345.00. Following the completion of the sale, the director now directly owns 37,799 shares of the company’s stock, valued at $2,958,149.74. The disclosure for this sale can be found here. Insiders sold 61,995 shares of company stock valued at $4,992,967 over the last ninety days. Insiders own 22.01% of the company’s stock.
An institutional investor recently raised its position in Choice Hotels stock. The Manufacturers Life Insurance Company increased its stake in shares of Choice Hotels (NYSE:CHH) by 6.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,651 shares of the company’s stock after purchasing an additional 106 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Choice Hotels were worth $106,000 at the end of the most recent quarter. Institutional investors and hedge funds own 51.51% of the company’s stock.
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Choice Hotels Company Profile
Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and SkyTouch Technology segments. The company franchises lodging properties under the brand names of 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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