Choice Hotels International Inc. Announces Quarterly Dividend of $0.19 (CHH)
Choice Hotels International (NYSE:CHH) declared a quarterly dividend on Monday, September 30th, Stock Ratings Network.com reports. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.185 per share on Wednesday, October 16th. This represents a $0.74 dividend on an annualized basis and a yield of 1.73%.
A number of analysts have recently weighed in on CHH shares. Analysts at TheStreet upgraded shares of Choice Hotels International (NYSE:CHH) from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, September 24th. On the ratings front, analysts at Wells Fargo & Co. downgraded shares of Choice Hotels International (NYSE:CHH) from a “market perform” rating to an “underperform” rating in a research note to investors on Tuesday, July 30th. They noted that the move was a valuation call. Finally, analysts at Citigroup Inc. downgraded shares of Choice Hotels International (NYSE:CHH) from a “buy” rating to a “neutral” rating in a research note to investors on Friday, July 26th. They now have a $43.00 price target on the stock. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. Choice Hotels International presently has an average rating of “Hold” and an average target price of $39.63.
Choice Hotels International (NYSE:CHH) traded up 0.16% during mid-day trading on Monday, hitting $42.88. The stock had a trading volume of 22,413 shares. Choice Hotels International has a one year low of $30.40 and a one year high of $45.96. The stock’s 50-day moving average is $40.82 and its 200-day moving average is $41.20. The company has a market cap of $2.486 billion and a price-to-earnings ratio of 22.27.
Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Friday, July 26th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. The company had revenue of $183.60 million for the quarter, compared to the consensus estimate of $181.35 million. During the same quarter last year, the company posted $0.55 earnings per share. Choice Hotels International’s revenue was up 5.8% compared to the same quarter last year. Analysts expect that Choice Hotels International will post $1.86 EPS for the current fiscal year.
Choice Hotels International, Inc(NYSE:CHH) is one of the hotel franchisors with 6,243 hotels open and 482 hotels under construction, awaiting conversion or approved for development as of December 31, 2012 representing 499,253 rooms open and 38,969 rooms under construction, awaiting conversion or approved for development in 49 states, the District of Columbia and over 35 countries and territories outside the United States.
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