Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) saw unusually-high trading volume on Wednesday . Approximately 12,001,621 shares traded hands during trading, an increase of 406% from the previous session’s volume of 2,372,002 shares.The stock last traded at $76.67 and had previously closed at $76.90.

HOT has been the topic of several research reports. Zacks Investment Research lowered Starwood Hotels & Resorts Worldwide from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. TheStreet lowered Starwood Hotels & Resorts Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the stock. Starwood Hotels & Resorts Worldwide has an average rating of “Hold” and a consensus target price of $78.83.

The stock has a 50-day moving average price of $77.44 and a 200 day moving average price of $77.13. The firm has a market cap of $13.10 billion, a PE ratio of 158.62 and a beta of 1.99.

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Starwood Hotels & Resorts Worldwide (NYSE:HOT) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the 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 business earned $1.33 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the firm posted $0.84 EPS. The firm’s revenue for the quarter was up .4% on a year-over-year basis. Equities analysts expect that Starwood Hotels & Resorts Worldwide Inc. will post $2.94 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 23rd will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Wednesday, September 21st. Starwood Hotels & Resorts Worldwide’s dividend payout ratio is 312.50%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. bought a new position in Starwood Hotels & Resorts Worldwide during the second quarter valued at about $114,000. Van ECK Associates Corp increased 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 valued at $132,000 after buying an additional 446 shares during the last quarter. Canandaigua National Bank & Trust Co. bought a new position in Starwood Hotels & Resorts Worldwide during the first quarter valued at about $234,000. Pacer Advisors Inc. increased 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 valued at $256,000 after buying an additional 305 shares during the last quarter. Finally, Eqis Capital Management Inc. bought a new position in Starwood Hotels & Resorts Worldwide during the second quarter valued at about $264,000. 83.46% of the stock is owned by hedge funds and other institutional investors.

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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