#2 - Marriott International (NASDAQ:MAR)
Hotel stocks have been among the biggest beneficiaries of the revenge travel boom that’s lasted longer than many thought it would. And if you had bought $10,000 of Marriott International Inc. (NASDAQ: MAR) stock in March 2020, you’d have $17,500 today as Marriott's total return during that period was 75%.
Continuous expansion is the key to the company’s past - and likely future - growth. This includes Europe, where the company has a goal of adding 100 properties and 12,000 rooms by 2026.
Even without rate cuts, Marriott’s rock-solid balance sheet will allow the company to hit its growth targets without putting its dividend at risk. Marriott cut that dividend in 2022 but has more than made up for that with a dividend that has given investors a three-year annualized growth rate of 59% yet still has an attractive payout of around 26%. But with rate cuts likely to stimulate further travel demand, MAR stock looks like a good long-term buy.
About Marriott International
Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.
Read More - Current Price
- $283.17
- Consensus Rating
- Hold
- Ratings Breakdown
- 6 Buy Ratings, 13 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $259.00 (8.5% Downside)
