Choice Hotels International, Inc. (NYSE:CHH) Declares Quarterly Dividend of $0.29

Choice Hotels International, Inc. (NYSE:CHH) declared a quarterly dividend on Wednesday, February 26th, RTT News reports. Investors 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 0.78%.

Choice Hotels International has increased its dividend payment by an average of 18.7% annually over the last three years. Choice Hotels International has a dividend payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. 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 Down 0.5 %

Shares of CHH traded down $0.71 during trading hours on Wednesday, hitting $147.45. The company had a trading volume of 96,944 shares, compared to its average volume of 356,374. Choice Hotels International has a 52-week low of $108.91 and a 52-week high of $157.86. The firm has a market cap of $6.89 billion, a P/E ratio of 23.71, a P/E/G ratio of 1.90 and a beta of 1.23. The stock’s 50 day moving average price is $145.25 and its 200 day moving average price is $138.97.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Thursday, February 20th. The company reported $1.55 earnings per share (EPS) for the quarter, beating 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 negative return on equity of 472.31% and a net margin of 18.91%. On average, research analysts expect that Choice Hotels International will post 7.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Robert W. Baird increased their price objective on Choice Hotels International from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday. Barclays upped their price objective on Choice Hotels International from $129.00 to $132.00 and gave the company an “underweight” rating in a research note on Friday, February 21st. The Goldman Sachs Group lifted their target price on Choice Hotels International from $118.00 to $138.00 and gave the company a “sell” rating in a research note on Tuesday, December 10th. Susquehanna upped their price target on Choice Hotels International from $130.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Truist Financial lifted their price objective on shares of Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Choice Hotels International presently has a consensus rating of “Hold” and a consensus price target of $139.92.

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.