Choice Hotels International, Inc. (NYSE:CHH – Get Free Report) declared a quarterly dividend on Wednesday, May 20th. Shareholders of record on Wednesday, July 1st will be given a dividend of 0.2875 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, July 1st.
Choice Hotels International has increased its dividend payment by an average of 0.4%annually over the last three years. Choice Hotels International has a payout ratio of 15.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Choice Hotels International to earn $7.75 per share next year, which means the company should continue to be able to cover its $1.15 annual dividend with an expected future payout ratio of 14.8%.
Choice Hotels International Price Performance
NYSE CHH opened at $112.56 on Monday. Choice Hotels International has a 52 week low of $84.04 and a 52 week high of $136.45. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 14.58. The stock has a market cap of $5.12 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 5.39 and a beta of 0.67. The company has a 50-day moving average price of $111.42 and a two-hundred day moving average price of $105.77.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Choice Hotels International from $117.00 to $116.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Susquehanna decreased their price objective on shares of Choice Hotels International from $115.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Robert W. Baird set a $128.00 price objective on shares of Choice Hotels International in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft set a $114.00 target price on Choice Hotels International in a report on Monday, May 4th. Finally, Barclays cut their target price on Choice Hotels International from $112.00 to $100.00 and set an “underweight” rating for the company in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Choice Hotels International currently has an average rating of “Reduce” and a consensus price target of $111.67.
Check Out Our Latest Stock Analysis on CHH
Choice Hotels International Company Profile
Choice Hotels International, Inc is a hospitality franchisor specializing in the development and support of lodging brands across the economy, midscale and upscale segments. Through a network of franchisees, Choice Hotels supplies proprietary reservation and distribution systems, comprehensive marketing programs, and operational support services. The company’s core activities include brand management, franchise development, and technology-driven revenue optimization tools designed to enhance guest acquisition and retention for its partners.
Founded in 1939 as Quality Courts United, the company rebranded to Choice Hotels International in 1982 to reflect its expanding brand portfolio and global ambitions.
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