Choice Hotels International, Inc. (NYSE:CHH - Get Free Report) announced a quarterly dividend on Wednesday, February 26th, RTT News reports. Stockholders of record on Tuesday, April 1st will be given a dividend of 0.2875 per share on Wednesday, April 16th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Tuesday, April 1st.
Choice Hotels International has raised its dividend by an average of 18.7% annually over the last three years. Choice Hotels International has a dividend payout ratio of 15.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Choice Hotels International to earn $7.41 per share next year, which means the company should continue to be able to cover its $1.15 annual dividend with an expected future payout ratio of 15.5%.
Choice Hotels International Stock Performance
CHH traded down $0.17 during trading on Friday, reaching $143.10. 828,790 shares of the stock were exchanged, compared to its average volume of 380,600. The stock has a market cap of $6.69 billion, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 1.90 and a beta of 1.23. Choice Hotels International has a twelve month low of $108.91 and a twelve month high of $157.86. The stock's 50 day moving average price is $145.45 and its two-hundred day moving average price is $139.35.
Choice Hotels International (NYSE:CHH - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.10. The business had revenue of $389.77 million for the quarter, compared to the consensus estimate of $374.24 million. Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. Equities research analysts predict that Choice Hotels International will post 7.07 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, EVP Dominic Dragisich sold 3,500 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total transaction of $519,050.00. Following the completion of the sale, the executive vice president now owns 68,913 shares of the company's stock, valued at $10,219,797.90. This represents a 4.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 24.02% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of equities analysts have commented on CHH shares. Truist Financial lifted their price objective on shares of Choice Hotels International from $134.00 to $136.00 and gave the stock a "hold" rating in a research report on Wednesday, December 4th. Barclays lifted their price objective on shares of Choice Hotels International from $129.00 to $132.00 and gave the stock an "underweight" rating in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Choice Hotels International from $113.00 to $114.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. Susquehanna boosted their target price on shares of Choice Hotels International from $130.00 to $155.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Finally, StockNews.com raised shares of Choice Hotels International from a "hold" rating to a "buy" rating in a research report on Thursday. Five research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $139.92.
View Our Latest Report on Choice Hotels International
Choice Hotels International Company Profile
(
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Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.
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