State of New Jersey Common Pension Fund D Has $2.05 Million Holdings in Choice Hotels International, Inc. (NYSE:CHH)

State of New Jersey Common Pension Fund D lessened its position in Choice Hotels International, Inc. (NYSE:CHH) by 8.8% in the fourth quarter, HoldingsChannel reports. The fund owned 14,404 shares of the company’s stock after selling 1,394 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Choice Hotels International were worth $2,045,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Boston Trust Walden Corp grew its stake in Choice Hotels International by 1.0% in the fourth quarter. Boston Trust Walden Corp now owns 949,586 shares of the company’s stock valued at $134,822,000 after acquiring an additional 9,490 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Choice Hotels International by 38.5% in the third quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company’s stock valued at $52,419,000 after purchasing an additional 111,903 shares in the last quarter. Erste Asset Management GmbH bought a new position in shares of Choice Hotels International in the third quarter valued at approximately $19,545,000. Stifel Financial Corp lifted its holdings in shares of Choice Hotels International by 31.4% in the third quarter. Stifel Financial Corp now owns 143,783 shares of the company’s stock valued at $18,735,000 after purchasing an additional 34,396 shares in the last quarter. Finally, Markel Group Inc. lifted its holdings in shares of Choice Hotels International by 4.5% in the third quarter. Markel Group Inc. now owns 115,500 shares of the company’s stock valued at $15,050,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 65.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group raised their target price on Choice Hotels International from $118.00 to $138.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. Morgan Stanley restated an “underweight” rating and issued a $129.00 target price (down previously from $145.00) on shares of Choice Hotels International in a report on Tuesday, January 14th. JPMorgan Chase & Co. raised their target price on Choice Hotels International from $122.00 to $135.00 and gave the company an “underweight” rating in a report on Friday, December 13th. Truist Financial raised their target price on Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Finally, Susquehanna lifted their price target on Choice Hotels International from $125.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Five analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Choice Hotels International presently has an average rating of “Hold” and an average price target of $136.58.

Choice Hotels International Stock Performance

Shares of NYSE:CHH opened at $150.53 on Friday. The company’s 50-day moving average is $145.10 and its 200 day moving average is $138.47. The company has a market capitalization of $7.06 billion, a P/E ratio of 24.16, a price-to-earnings-growth ratio of 1.90 and a beta of 1.23. Choice Hotels International, Inc. has a fifty-two week low of $108.91 and a fifty-two week high of $157.86.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings data on Thursday, February 20th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.45 by $0.10. The business had revenue of $389.77 million for the quarter, compared to the consensus estimate of $374.24 million. Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. As a group, research analysts predict that Choice Hotels International, Inc. will post 7.07 earnings per share for the current year.

Choice Hotels International Dividend Announcement

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

Choice Hotels International Profile

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.