Choice Hotels International, Inc. (NYSE:CHH) Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its position in Choice Hotels International, Inc. (NYSE:CHH) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,236 shares of the company’s stock after selling 2,710 shares during the quarter. Truist Financial Corp owned 0.09% of Choice Hotels International worth $5,997,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. grew its position in Choice Hotels International by 81.4% in the third quarter. Blue Trust Inc. now owns 399 shares of the company’s stock valued at $47,000 after acquiring an additional 179 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in Choice Hotels International in the third quarter valued at approximately $55,000. Quarry LP acquired a new stake in Choice Hotels International in the third quarter valued at approximately $63,000. SG Americas Securities LLC acquired a new stake in Choice Hotels International in the fourth quarter valued at approximately $125,000. Finally, Maryland Capital Advisors Inc. acquired a new stake in Choice Hotels International in the fourth quarter valued at approximately $143,000. Institutional investors and hedge funds own 65.57% of the company’s stock.

Choice Hotels International Price Performance

Choice Hotels International stock opened at $150.53 on Friday. The company has a market cap of $7.06 billion, a PE ratio of 24.16, a P/E/G ratio of 1.90 and a beta of 1.23. The company has a fifty day moving average price of $145.10 and a two-hundred day moving average price of $138.47. Choice Hotels International, Inc. has a 12 month low of $108.91 and a 12 month 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, topping analysts’ consensus estimates of $1.45 by $0.10. The firm had revenue of $389.77 million during 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%. Equities research analysts anticipate that Choice Hotels International, Inc. will post 7.07 earnings per share for the current year.

Choice Hotels International Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CHH. Morgan Stanley reaffirmed an “underweight” rating and issued a $129.00 price objective (down previously from $145.00) on shares of Choice Hotels International in a research report on Tuesday, January 14th. Bank of America raised their price target on shares of Choice Hotels International from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Wells Fargo & Company raised their price target on shares of Choice Hotels International from $133.00 to $138.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 4th. Truist Financial raised their price target on shares of Choice Hotels International from $134.00 to $136.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Finally, Robert W. Baird raised their price target on shares of Choice Hotels International from $138.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Choice Hotels International currently has a consensus rating of “Hold” and an average price target of $136.58.

Choice Hotels International Company 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.