Boston Trust Walden Corp Lowers Stock Position in Choice Hotels International, Inc. (NYSE:CHH)

Boston Trust Walden Corp lessened its stake in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 24.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 771,830 shares of the company's stock after selling 244,014 shares during the quarter. Boston Trust Walden Corp owned 1.55% of Choice Hotels International worth $87,448,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CHH. JPMorgan Chase & Co. boosted its stake in shares of Choice Hotels International by 3.3% in the first quarter. JPMorgan Chase & Co. now owns 75,694 shares of the company's stock valued at $10,730,000 after purchasing an additional 2,427 shares during the period. Raymond James & Associates boosted its stake in shares of Choice Hotels International by 146.6% in the first quarter. Raymond James & Associates now owns 3,650 shares of the company's stock valued at $517,000 after purchasing an additional 2,170 shares during the period. US Bancorp DE boosted its stake in shares of Choice Hotels International by 4.3% in the first quarter. US Bancorp DE now owns 2,716 shares of the company's stock valued at $385,000 after purchasing an additional 112 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Choice Hotels International by 9.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,583 shares of the company's stock valued at $225,000 after purchasing an additional 134 shares during the period. Finally, Natixis Advisors L.P. boosted its stake in shares of Choice Hotels International by 1.5% in the first quarter. Natixis Advisors L.P. now owns 14,088 shares of the company's stock valued at $1,997,000 after purchasing an additional 215 shares during the period. Hedge funds and other institutional investors own 65.57% of the company's stock.

Analyst Ratings Changes

CHH has been the subject of several recent research reports. Truist Financial raised their price objective on shares of Choice Hotels International from $142.00 to $146.00 and gave the company a "hold" rating in a research note on Thursday, March 14th. Jefferies Financial Group upgraded shares of Choice Hotels International from an "underperform" rating to a "buy" rating and lifted their price target for the stock from $96.00 to $156.00 in a research note on Monday, March 11th. StockNews.com downgraded shares of Choice Hotels International from a "hold" rating to a "sell" rating in a research note on Wednesday, February 21st. Barclays lifted their price target on shares of Choice Hotels International from $114.00 to $119.00 and gave the stock an "underweight" rating in a research note on Wednesday, February 21st. Finally, JPMorgan Chase & Co. upgraded shares of Choice Hotels International from an "underweight" rating to a "neutral" rating and set a $115.00 price target for the company in a research note on Thursday, December 14th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $131.40.

Choice Hotels International Stock Up 1.6 %

CHH stock traded up $1.86 during midday trading on Thursday, reaching $120.76. 645,821 shares of the company were exchanged, compared to its average volume of 568,485. The company has a debt-to-equity ratio of 30.02, a quick ratio of 0.31 and a current ratio of 0.31. Choice Hotels International, Inc. has a 1-year low of $108.91 and a 1-year high of $136.02. The stock's 50-day simple moving average is $120.89 and its 200 day simple moving average is $117.37. The company has a market cap of $5.98 billion, a price-to-earnings ratio of 23.87, a price-to-earnings-growth ratio of 2.05 and a beta of 1.21.

Choice Hotels International (NYSE:CHH - Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.09. Choice Hotels International had a net margin of 16.74% and a return on equity of 594.23%. The company had revenue of $358.40 million for the quarter, compared to analysts' expectations of $369.44 million. During the same quarter last year, the company earned $1.26 earnings per share. The firm's revenue for the quarter was down 1.0% on a year-over-year basis. On average, equities analysts forecast that Choice Hotels International, Inc. will post 6.45 earnings per share for the current year.

Choice Hotels International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 2nd will be issued a $0.2875 dividend. The ex-dividend date is Monday, April 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.95%. Choice Hotels International's payout ratio is 22.73%.

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.

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