Starwood Hotels (HOT) Tops Q4 EPS by 21c
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February 11, 2015 9:31 AM EST
Nomura Securities analyst Harry Curtis reiterated a Buy rating and bumped his price target on Starwood Hotels & Resorts (NYSE: HOT) to $95.00 (from $92.00) following earnings and the timeshare spin-off.
Curtis commented, "For months, we have been arguing that HOT is under-valued based more on... More
February 10, 2015 7:06 AM EST
Starwood Hotels (NYSE: HOT) declared a quarterly dividend of $0.375 per share, or $1.5 annualized. This is a 7.1% increase from the prior dividend of $0.35.
The dividend will be payable on March 26, 2015, to stockholders of record on March 5, 2015, with an ex-dividend date of March 3,... More
February 10, 2015 7:02 AM EST
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced plans to spin-off its vacation ownership business, Starwood Vacation Ownership (SVO), into a separate publicly traded company. In addition to accelerating Starwoods ongoing Asset Light transformation, the transaction will create a new pure-play vacation ownership company with a seasoned management team and a strong balance sheet to take advantage of increasing growth opportunities within the timeshare industry. The transaction, which is expected to be tax-free to Starwood shareholders, will be effected through a pro rata distribution of the new entitys stock to existing Starwood... More
