Truist Financial Corp Lowers Stock Position in Choice Hotels International, Inc. (NYSE:CHH)

Truist Financial Corp trimmed its position in shares of Choice Hotels International, Inc. (NYSE:CHH) by 13.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,069 shares of the company’s stock after selling 5,641 shares during the period. Truist Financial Corp’s holdings in Choice Hotels International were worth $4,087,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC increased its stake in Choice Hotels International by 4.4% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,162,038 shares of the company’s stock worth $264,871,000 after acquiring an additional 91,351 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Choice Hotels International during the 4th quarter worth approximately $24,000,000. Jump Financial LLC raised its holdings in Choice Hotels International by 144.9% in the third quarter. Jump Financial LLC now owns 33,207 shares of the company’s stock valued at $4,068,000 after buying an additional 19,649 shares during the period. GSA Capital Partners LLP acquired a new position in Choice Hotels International during the third quarter valued at approximately $1,117,000. Finally, UBS Group AG grew its stake in Choice Hotels International by 34.7% during the third quarter. UBS Group AG now owns 39,539 shares of the company’s stock worth $4,844,000 after buying an additional 10,193 shares during the period. 65.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHH has been the topic of a number of research reports. StockNews.com downgraded shares of Choice Hotels International from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. Robert W. Baird cut their price objective on Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. Barclays decreased their target price on Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating for the company in a research report on Friday, April 19th. Truist Financial increased their target price on Choice Hotels International from $142.00 to $146.00 and gave the company a “hold” rating in a research note on Thursday, March 14th. Finally, Jefferies Financial Group raised Choice Hotels International from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $96.00 to $156.00 in a research report on Monday, March 11th. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $130.80.

Choice Hotels International Stock Up 0.8 %

CHH stock opened at $121.65 on Tuesday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 30.02. The firm has a 50 day simple moving average of $121.27 and a 200-day simple moving average of $117.12. The company has a market capitalization of $6.04 billion, a P/E ratio of 24.04, a PEG ratio of 1.96 and a beta of 1.21. Choice Hotels International, Inc. has a twelve month low of $108.91 and a twelve month high of $136.02.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.09. The firm had revenue of $358.40 million during the quarter, compared to analyst estimates of $369.44 million. Choice Hotels International had a return on equity of 594.23% and a net margin of 16.74%. Choice Hotels International’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 earnings per share. On average, equities research analysts predict that Choice Hotels International, Inc. will post 6.46 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Monday, April 1st. Choice Hotels International’s payout ratio is 22.73%.

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.