1,505 Shares in Choice Hotels International, Inc. (NYSE:CHH) Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc purchased a new position in shares of Choice Hotels International, Inc. (NYSE:CHH) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,505 shares of the company’s stock, valued at approximately $214,000.

A number of other large investors have also bought and sold shares of the business. Boston Trust Walden Corp grew its position in Choice Hotels International by 1.0% during the 4th quarter. Boston Trust Walden Corp now owns 949,586 shares of the company’s stock worth $134,822,000 after acquiring an additional 9,490 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Choice Hotels International by 38.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company’s stock valued at $52,419,000 after buying an additional 111,903 shares during the last quarter. Erste Asset Management GmbH bought a new position in Choice Hotels International in the 3rd quarter valued at $19,545,000. Stifel Financial Corp boosted its position in Choice Hotels International by 31.4% in the 3rd quarter. Stifel Financial Corp now owns 143,783 shares of the company’s stock valued at $18,735,000 after buying an additional 34,396 shares during the last quarter. Finally, Markel Group Inc. boosted its position in Choice Hotels International by 4.5% in the 3rd quarter. Markel Group Inc. now owns 115,500 shares of the company’s stock valued at $15,050,000 after buying an additional 5,000 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on CHH. Wells Fargo & Company increased their price objective on Choice Hotels International from $133.00 to $138.00 and gave the company an “underweight” rating in a research report on Tuesday, February 4th. Morgan Stanley reiterated an “underweight” rating and issued a $129.00 price objective (down from $145.00) on shares of Choice Hotels International in a research report on Tuesday, January 14th. Jefferies Financial Group increased their price objective on Choice Hotels International from $150.00 to $152.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Truist Financial increased their price objective on Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Finally, Barclays increased their price target on Choice Hotels International from $129.00 to $132.00 and gave the company an “underweight” rating in a research note on Friday, February 21st. Five investment 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. According to MarketBeat, Choice Hotels International has a consensus rating of “Hold” and an average target price of $139.92.

Choice Hotels International Trading Down 1.3 %

Shares of Choice Hotels International stock opened at $146.21 on Thursday. The company has a market capitalization of $6.83 billion, a PE ratio of 23.47, a PEG ratio of 1.90 and a beta of 1.23. Choice Hotels International, Inc. has a 12 month low of $108.91 and a 12 month high of $157.86. The stock’s fifty day simple moving average is $145.38 and its 200 day simple moving average is $139.02.

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

Choice Hotels International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Tuesday, April 1st will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 0.79%. Choice Hotels International’s dividend payout ratio is 18.46%.

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.