Choice Hotels International, Inc. (NYSE:CHH) Position Cut by Truist Financial Corp

Truist Financial Corp trimmed its stake in Choice Hotels International, Inc. (NYSE:CHH) by 6.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 42,236 shares of the company’s stock after selling 2,710 shares during the quarter. Truist Financial Corp’s holdings in Choice Hotels International were worth $5,997,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. CIBC Asset Management Inc bought a new stake in shares of Choice Hotels International during the fourth quarter valued at about $214,000. Congress Asset Management Co. raised its stake in shares of Choice Hotels International by 17.3% during the fourth quarter. Congress Asset Management Co. now owns 82,131 shares of the company’s stock valued at $11,661,000 after purchasing an additional 12,128 shares in the last quarter. Maryland Capital Advisors Inc. bought a new stake in shares of Choice Hotels International during the fourth quarter valued at about $143,000. Bleakley Financial Group LLC raised its stake in shares of Choice Hotels International by 5.5% during the fourth quarter. Bleakley Financial Group LLC now owns 2,112 shares of the company’s stock valued at $300,000 after purchasing an additional 110 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT raised its stake in shares of Choice Hotels International by 6.8% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 4,275 shares of the company’s stock valued at $607,000 after purchasing an additional 273 shares in the last quarter. 65.57% of the stock is currently owned by institutional investors.

Choice Hotels International Trading Down 1.2 %

Shares of CHH opened at $150.53 on Friday. The business’s 50-day moving average price is $145.10 and its 200 day moving average price is $138.47. The stock has a market capitalization of $7.06 billion, a P/E ratio of 24.16, a P/E/G ratio of 1.90 and a beta of 1.23. Choice Hotels International, Inc. has a 1-year low of $108.91 and a 1-year high of $157.86.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.10. The firm had revenue of $389.77 million for the quarter, compared to analysts’ expectations of $374.24 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. On average, research analysts predict that Choice Hotels International, Inc. will post 7.07 earnings per share for the current year.

Choice Hotels International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.15 annualized dividend and a yield of 0.76%. Choice Hotels International’s dividend payout ratio (DPR) is presently 18.46%.

Analyst Upgrades and Downgrades

CHH has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price objective on shares of Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Wells Fargo & Company lifted their price objective on shares of Choice Hotels International from $133.00 to $138.00 and gave the company an “underweight” rating in a research note on Tuesday, February 4th. Morgan Stanley restated an “underweight” rating and set a $129.00 price objective (down from $145.00) on shares of Choice Hotels International in a research note on Tuesday, January 14th. Jefferies Financial Group boosted their price target on shares of Choice Hotels International from $150.00 to $152.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Finally, The Goldman Sachs Group boosted their price target on shares of Choice Hotels International from $118.00 to $138.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Choice Hotels International currently has an average rating of “Hold” and a consensus price target of $136.58.

About Choice Hotels International

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.