State of Alaska Department of Revenue Has $362,000 Holdings in Choice Hotels International, Inc. (NYSE:CHH)

State of Alaska Department of Revenue lowered its position in Choice Hotels International, Inc. (NYSE:CHH) by 95.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,550 shares of the company’s stock after selling 59,199 shares during the period. State of Alaska Department of Revenue’s holdings in Choice Hotels International were worth $362,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Boston Trust Walden Corp lifted its holdings 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 buying an additional 9,490 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of 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 purchasing an additional 111,903 shares during the period. Raymond James & Associates lifted its stake in shares of Choice Hotels International by 45.4% in the 3rd quarter. Raymond James & Associates now owns 364,983 shares of the company’s stock valued at $47,557,000 after purchasing an additional 113,951 shares during the period. Erste Asset Management GmbH bought a new stake in shares of Choice Hotels International during the 3rd quarter valued at about $19,545,000. Finally, Stifel Financial Corp grew its stake in Choice Hotels International by 31.4% during the third quarter. Stifel Financial Corp now owns 143,783 shares of the company’s stock worth $18,735,000 after purchasing an additional 34,396 shares during the period. 65.57% of the stock is owned by institutional investors.

Choice Hotels International Stock Down 0.6 %

CHH stock opened at $146.06 on Friday. The firm has a market capitalization of $6.85 billion, a PE ratio of 27.98, a P/E/G ratio of 1.96 and a beta of 1.23. Choice Hotels International, Inc. has a twelve month low of $108.91 and a twelve month high of $156.25. The stock’s 50 day moving average is $144.72 and its 200-day moving average is $137.67.

Choice Hotels International Announces Dividend

The company 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 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Thursday, January 2nd. Choice Hotels International’s dividend payout ratio is 22.03%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CHH shares. Truist Financial boosted their price target on Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Barclays boosted their target price on shares of Choice Hotels International from $123.00 to $129.00 and gave the company an “underweight” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. raised their price target on shares of Choice Hotels International from $122.00 to $135.00 and gave the stock an “underweight” rating in a report on Friday, December 13th. Morgan Stanley reiterated an “underweight” rating and set a $129.00 price objective (down previously from $145.00) on shares of Choice Hotels International in a report on Tuesday, January 14th. Finally, Jefferies Financial Group raised their target price on Choice Hotels International from $150.00 to $152.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $136.33.

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.