Choice Hotels International, Inc. (CHH) to Issue Quarterly Dividend of $0.29 on July 16th

Choice Hotels International, Inc. (NYSE:CHH) declared a quarterly dividend on Wednesday, May 14th, RTT News reports. Shareholders of record on Tuesday, July 1st will be given a dividend of 0.2875 per share on Wednesday, July 16th. This represents a $1.15 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Tuesday, July 1st.

Choice Hotels International has raised its dividend by an average of 18.7% per year over the last three years. Choice Hotels International has a payout ratio of 15.1% 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 Price Performance

CHH opened at $128.34 on Friday. The business’s 50-day moving average is $127.11 and its two-hundred day moving average is $139.12. Choice Hotels International has a 1 year low of $109.22 and a 1 year high of $157.86. The firm has a market capitalization of $5.95 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 1.90 and a beta of 1.00.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Thursday, May 8th. The company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.04). Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. The business had revenue of $332.86 million for the quarter, compared to analysts’ expectations of $348.52 million. During the same quarter in the previous year, the firm posted $1.28 EPS. Choice Hotels International’s revenue was up .3% on a year-over-year basis. As a group, sell-side analysts expect that Choice Hotels International will post 7.07 EPS for the current year.

Insider Activity at Choice Hotels International

In other Choice Hotels International news, CFO Scott E. Oaksmith sold 1,780 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $144.40, for a total value of $257,032.00. Following the transaction, the chief financial officer now directly owns 32,014 shares of the company’s stock, valued at $4,622,821.60. This trade represents a 5.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dominic Dragisich sold 3,500 shares of Choice Hotels International stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total value of $519,050.00. Following the transaction, the executive vice president now owns 68,913 shares in the company, valued at approximately $10,219,797.90. This represents a 4.83% decrease in their position. The disclosure for this sale can be found here. 24.02% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of Choice Hotels International from $124.00 to $115.00 and set an “underweight” rating on the stock in a report on Tuesday, April 22nd. Redburn Atlantic upgraded Choice Hotels International from a “sell” rating to a “neutral” rating and set a $132.00 target price on the stock in a research report on Monday, March 24th. Robert W. Baird upped their price target on shares of Choice Hotels International from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Truist Financial upped their price target on shares of Choice Hotels International from $136.00 to $144.00 and gave the company a “hold” rating in a report on Friday, March 21st. Finally, StockNews.com lowered shares of Choice Hotels International from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $135.69.

Choice Hotels International Company Profile

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.