China Lodging Group, Limited (HTHT) to Issue $0.64 Special Dividend
China Lodging Group, Limited (NASDAQ:HTHT) declared a special dividend on Tuesday, October 24th, Wall Street Journal reports. Stockholders of record on Monday, December 4th will be given a dividend of 0.64 per share on Friday, December 22nd. The ex-dividend date of this dividend is Friday, December 1st.
China Lodging Group, Limited (NASDAQ HTHT) traded down 0.39% on Tuesday, hitting $140.47. 384,883 shares of the stock traded hands. The company’s 50 day moving average price is $122.64 and its 200-day moving average price is $94.08. The stock has a market cap of $9.80 billion, a price-to-earnings ratio of 68.69 and a beta of 1.61. China Lodging Group, Limited has a 52-week low of $41.69 and a 52-week high of $142.15.
China Lodging Group, Limited (NASDAQ:HTHT) last announced its quarterly earnings results on Thursday, August 17th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.20. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.94 billion. China Lodging Group, Limited had a net margin of 13.69% and a return on equity of 17.26%. China Lodging Group, Limited’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.67 EPS. On average, analysts forecast that China Lodging Group, Limited will post $2.81 earnings per share for the current fiscal year.
An institutional investor recently raised its position in China Lodging Group, Limited stock. State Street Corp lifted its holdings in China Lodging Group, Limited (NASDAQ:HTHT) by 1.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,610 shares of the company’s stock after buying an additional 324 shares during the period. State Street Corp’s holdings in China Lodging Group, Limited were worth $1,824,000 at the end of the most recent reporting period. Institutional investors own 37.63% of the company’s stock.
A number of brokerages have issued reports on HTHT. Zacks Investment Research downgraded shares of China Lodging Group, Limited from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th. Bank of America Corporation lifted their price target on shares of China Lodging Group, Limited from $104.00 to $115.00 and gave the company a “buy” rating in a report on Friday, August 18th. Finally, BidaskClub upgraded shares of China Lodging Group, Limited from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. China Lodging Group, Limited has a consensus rating of “Buy” and an average price target of $81.71.
WARNING: “China Lodging Group, Limited (HTHT) to Issue $0.64 Special Dividend” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/24/china-lodging-group-limited-htht-to-issue-0-64-special-dividend.html.
China Lodging Group, Limited Company Profile
China Lodging Group, Limited is a holding company. The Company is a multi-brand hotel group in China with leased, manachised and franchised models. Under the lease model, the Company directly operates hotels located on leased properties. Under the manachise model, the Company manages manachised hotels through the on-site hotel managers the Company appoints and collects fees from franchisees.
Receive News & Ratings for China Lodging Group Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Lodging Group Limited and related companies with MarketBeat.com's FREE daily email newsletter.