Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) has been assigned a consensus recommendation of “Hold” from the twenty-six research firms that are presently covering the stock. Two research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $77.21.

HOT has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Starwood Hotels & Resorts Worldwide from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. TheStreet lowered shares of Starwood Hotels & Resorts Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Omni Partners LLP raised its position in shares of Starwood Hotels & Resorts Worldwide by 65,062.9% in the second quarter. Omni Partners LLP now owns 35,839,572 shares of the company’s stock worth $485,000 after buying an additional 35,784,572 shares in the last quarter. Water Island Capital LLC increased its stake in shares of Starwood Hotels & Resorts Worldwide by 574.5% in the second quarter. Water Island Capital LLC now owns 2,226,532 shares of the company’s stock valued at $164,652,000 after buying an additional 1,896,448 shares during the last quarter. York Capital Management Global Advisors LLC acquired a new stake in shares of Starwood Hotels & Resorts Worldwide during the first quarter valued at $132,006,000. Carlson Capital L P increased its stake in shares of Starwood Hotels & Resorts Worldwide by 92.7% in the second quarter. Carlson Capital L P now owns 3,119,200 shares of the company’s stock valued at $230,665,000 after buying an additional 1,500,530 shares during the last quarter. Finally, CNH Partners LLC increased its stake in shares of Starwood Hotels & Resorts Worldwide by 287.4% in the second quarter. CNH Partners LLC now owns 1,908,006 shares of the company’s stock valued at $141,097,000 after buying an additional 1,415,553 shares during the last quarter. 83.45% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Starwood Hotels & Resorts Worldwide (NYSE:HOT) traded up 2.17% during mid-day trading on Tuesday, reaching $76.72. 7,902,572 shares of the company’s stock traded hands. Starwood Hotels & Resorts Worldwide has a one year low of $56.87 and a one year high of $84.37. The firm has a market cap of $13.01 billion, a price-to-earnings ratio of 157.54 and a beta of 1.99. The firm’s 50-day moving average is $77.47 and its 200 day moving average is $77.08.

Starwood Hotels & Resorts Worldwide (NYSE:HOT) last released its earnings results on Tuesday, July 26th. The company reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by $0.03. Starwood Hotels & Resorts Worldwide had a return on equity of 50.53% and a net margin of 1.47%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. The firm’s quarterly revenue was up .4% on a year-over-year basis. Analysts predict that Starwood Hotels & Resorts Worldwide will post $2.94 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 23rd will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Wednesday, September 21st. Starwood Hotels & Resorts Worldwide’s dividend payout ratio is 312.50%.

Starwood Hotels & Resorts Worldwide Company Profile

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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