Starwood Hotels & Resorts Worldwide Inc Announces Special Dividend of $0.65 (HOT)
Starwood Hotels & Resorts Worldwide (NYSE:HOT) announced a special dividend on Friday, August 1st, Analyst Ratings Network reports. Investors of record on Friday, September 5th will be paid a dividend of 0.65 per share on Friday, September 26th.
HOT has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Starwood Hotels & Resorts Worldwide in a research note on Monday. They now have a $83.00 price target on the stock. On a related note, analysts at Raymond James raised their price target on shares of Starwood Hotels & Resorts Worldwide from $84.00 to $87.00 in a research note on Monday. They now have an “outperform” rating on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of Starwood Hotels & Resorts Worldwide in a research note on Friday, July 25th. They now have a $96.00 price target on the stock, up previously from $95.00. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $86.41.
Starwood Hotels & Resorts Worldwide (NYSE:HOT) traded up 3.08% on Friday, hitting $79.205. 1,718,146 shares of the company’s stock traded hands. Starwood Hotels & Resorts Worldwide has a 52-week low of $62.40 and a 52-week high of $84.87. The stock has a 50-day moving average of $81.24 and a 200-day moving average of $78.9. The company has a market cap of $15.090 billion and a P/E ratio of 25.66.
Starwood Hotels & Resorts Worldwide (NYSE:HOT) last released its earnings data on Thursday, July 24th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.76 by $0.01. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. On average, analysts predict that Starwood Hotels & Resorts Worldwide will post $2.83 earnings per share for the current fiscal year.
Starwood Hotels & Resorts Worldwide, Inc (NYSE:HOT) is a hotel and leisure company.
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