Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) was up 2.2% on Tuesday . The company traded as high as $77.74 and last traded at $76.77, with a volume of 7,831,397 shares trading hands. The stock had previously closed at $75.09.

A number of equities research analysts have weighed in on HOT shares. Zacks Investment Research upgraded shares of Starwood Hotels & Resorts Worldwide from a “hold” rating to a “strong-buy” rating and set a $86.00 target price for the company in a research note on Tuesday, June 7th. TheStreet lowered shares of Starwood Hotels & Resorts Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the company. Starwood Hotels & Resorts Worldwide currently has an average rating of “Hold” and an average price target of $78.83.

The stock has a market cap of $13.04 billion, a P/E ratio of 157.91 and a beta of 1.99. The firm has a 50 day moving average price of $77.47 and a 200-day moving average price of $77.08.

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Starwood Hotels & Resorts Worldwide (NYSE:HOT) last announced its earnings results on Tuesday, July 26th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by $0.03. Starwood Hotels & Resorts Worldwide had a net margin of 1.47% and a return on equity of 50.53%. The company earned $1.33 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the business earned $0.84 EPS. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities research analysts predict that Starwood Hotels & Resorts Worldwide Inc. will post $2.94 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 23rd will be given a dividend of $0.375 per share. The ex-dividend date is Wednesday, September 21st. This represents a $1.50 dividend on an annualized basis and a yield of 1.95%. Starwood Hotels & Resorts Worldwide’s payout ratio is presently 312.50%.

A number of institutional investors have recently bought and sold shares of HOT. Advisor Group Inc. acquired a new position in Starwood Hotels & Resorts Worldwide during the second quarter worth $114,000. Van ECK Associates Corp raised its position in Starwood Hotels & Resorts Worldwide by 33.4% in the second quarter. Van ECK Associates Corp now owns 1,781 shares of the company’s stock worth $132,000 after buying an additional 446 shares during the last quarter. Canandaigua National Bank & Trust Co. acquired a new position in Starwood Hotels & Resorts Worldwide during the first quarter worth $234,000. Pacer Advisors Inc. raised its position in Starwood Hotels & Resorts Worldwide by 9.6% in the second quarter. Pacer Advisors Inc. now owns 3,468 shares of the company’s stock worth $256,000 after buying an additional 305 shares during the last quarter. Finally, Eqis Capital Management Inc. acquired a new position in Starwood Hotels & Resorts Worldwide during the second quarter worth $264,000. Hedge funds and other institutional investors own 83.45% of the company’s stock.

About Starwood Hotels & Resorts Worldwide

Starwood Hotels & Resorts Worldwide, Inc is a hotel and leisure company. The Company’s hotel business is focused on the global operation of hotels and resorts primarily in the luxury and upper upscale segments of the lodging industry. The Company manages and operates its hotel business in three hotel segments: the Americas; Europe, Africa and the Middle East (EAME), and Asia Pacific.

5 Day Chart for NYSE:HOT

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