96.78 0.00 (0.00%)
After hours: 6:56PM EST
|Bid||80.36 x 800|
|Ask||95.26 x 800|
|Day's Range||94.01 - 98.17|
|52 Week Range||82.43 - 131.27|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||31.32|
|Earnings Date||May 04, 2020 - May 10, 2020|
|Forward Dividend & Yield||2.16 (2.22%)|
|Ex-Dividend Date||Feb 25, 2020|
|1y Target Est||138.56|
U.S. stock markets have been affected by the increased spread of the disease since the start of this week.
NEW YORK, NY / ACCESSWIRE / February 27, 2020 / Marriott Vacations Worldwide Corp. (NYSE:VAC) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on February ...
The stock prices for Orlando businesses tumbled after coronavirus fears resulted in one of the most abysmal days in two years.
Readers hoping to buy Marriott Vacations Worldwide Corporation (NYSE:VAC) for its dividend will need to make their...
"Waikiki has always been a dream vacation spot for our owners and guests,” Stephen P. Weisz, president and CEO of Marriott Vacations Worldwide, said in a statement.
Airport Hospitality LLC, an affiliate Seattle-based Hadley Properties, which owns Airport Industrial Park at the Honolulu airport, submitted an application for a building permit this week with a value of $53 million
Marriott Vacations Worldwide Corporation (NYSE: VAC) announces plans to bring a new Hawaiian vacation ownership destination to its Owners and guests. The company anticipates developing a seven-story vacation ownership property in Waikiki, on the south shore of Honolulu, with two floors of retail and approximately 110 guestrooms, featuring a mix of one-bedroom and studio units. Proposed rooftop amenities include a pool, fitness center and bar. A 10,000-square-foot sales gallery will also be on-site.
Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced its board of directors authorized a quarterly cash dividend of $0.54 per share of common stock. The dividend is payable on or around March 12, 2020 to shareholders of record as of February 27, 2020.
(Bloomberg) -- As the Chinese city of Wuhan ended its first week of quarantine, Tribeca Investment Partners portfolio manager John Stover was already betting on a recovery. Skittish investors had dumped Indonesian real estate bonds, so he started scooping those up. Short-dated notes from Chinese developers were next.“You can pick your own adventure in terms of what you read and how scared you want to get about it,” said Singapore-based Stover, whose firm manages around A$1.9 billion ($1.3 billion). “But risk/reward has looked pretty good over the last couple of weeks.”For many traders on Wall Street, the rising number of confirmed coronavirus cases has meant a frenzied search for safe havens. But for some hedge funds, it’s an opportunity to pick up a bargain. Several portfolio managers interviewed by Bloomberg are betting the crisis will be averted within months, and followed by government stimulus to spur consumption.Read more: Chinese Hedge Funds Turn Bullish as Panic Selloff Lowers PricesStover started the $50 million Vanda Asia Credit Fund in July after spending more than 12 years at Farallon Capital Management LLC. Despite the outbreak, he’s still getting interest from would-be investors, with annualized gross returns of 12.2% and volatility of 2.1% -- January was his best month to-date.History LessonPredictions of post-viral bounces aren’t based on hunches; Edward Bozaan, managing partner and portfolio manager at Cleargate Capital LLC, runs a long-short hedge fund focused on Europe. He told investors in a letter seen by Bloomberg that markets ended higher in the six to 12 months from the first announcement of previous viral crises, like SARS and Ebola.“Once the number of cases has peaked and begins to fall, it will probably be an excellent time to add to the sectors hurt the most: travel, cruise companies, entertainment and emerging markets,” he wrote.Others such as HGI Capital Management LLC are looking to protect from further downside but still exploit any upside opportunity. The fund, backed by real-estate investment firm Harbor Group International LLC, is using options to trade on Carnival Corp., the cruise company that operates the Diamond Princess ship that’s become the biggest center of infections outside of China.“In many cases, the actual outcome from this unfortunate event will not be as detrimental as the market is pricing,” said David Rosenberg, a portfolio manager at the $350 million hedge fund based in New York. “We believe the market has already priced in most of the downside.”The fund has been looking at other lodging and cruise brands with exposure to China, too. Names include Marriott Vacations Worldwide Corp., Hyatt Hotels Corp., Royal Caribbean Cruises Ltd., Hilton Worldwide Holdings Inc., and Wyndham Hotels & Resorts Inc.Luxury GoodsFor Texas-based Bowie Capital Management LLC, which runs a $425 million long-biased strategy, it’s another type of exposure -- luxury goods companies like LVMH Moet Hennessy Louis Vuitton SE and Hermes International.“We see this as not a long-term problem for these companies, however the short run seems like it could really be detrimental to their revenues,” said Cory Whitaker, who founded the firm in 2014. “We think this could be a problem for the year, but not for the decade, and if people overreact we’re happy buyers.”Golden Pine Asset Management Ltd. oversees about $280 million and manages a Greater China-focused stock hedge fund. Chief Investment Officer She Peng said in a letter to investors Feb. 4 that the outbreak could plateau by early March if Chinese government measures are successful.Like others, Golden Pine sees the outbreak as a temporary shock to consumption and services in China, changing the rhythm but not direction of the nation’s economic recovery. The firm plans to add cheap, quality stocks, She said.As stock markets reopened after Lunar New Year on Feb. 3, a net 18.2 billion yuan ($2.6 billion) flowed through the stock connect with Hong Kong, the second highest in the link’s history, Golden Pine noted.The epidemic has “temporarily disrupted the pace of the market, but doesn’t alter the trend of what we see as a slow bull this year,” said Shi Wubin, head of quantitative investing at Chengen Capital Management, which has more than 2 billion yuan in assets. “It was just like a small spray in the history of the market.”(Updates with other popular stocks in ninth paragraph.)\--With assistance from Zhang Dingmin.To contact the reporters on this story: David Ramli in Singapore at firstname.lastname@example.org;Bei Hu in Hong Kong at email@example.com;Melissa Karsh in New York at firstname.lastname@example.orgTo contact the editor responsible for this story: Katrina Nicholas at email@example.comFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Marriott Vacations World is trading near a potential buy area ahead of its next quarterly earnings report, expected on or around Feb. 26.
Steve Weisz became the CEO of Marriott Vacations Worldwide Corporation (NYSE:VAC) in 2011. First, this article will...
Hyatt (H) plans to expand with nearly 200 hotels in Americas Region by 2022. The company's efforts to fortify presence worldwide are noteworthy.
The agreement was signed at the firm's current office at 6649 Westwood Blvd. — less than three miles from its future headquarters. And that, proximity played a role in the deal.
It's official: One of Central Florida's biggest employers is on the move. Orlando-based Marriott Vacations Worldwide Corp. (NYSE: VAC) has signed a nearly 300,000-square-foot lease to move its headquarters to Orlando-based developer Unicorp National Developments Inc.
Marriott Vacations Worldwide Corporation (NYSE: VAC) announced today it has signed a contract with an affiliate of Unicorp National Developments, Inc. to develop its new global corporate headquarters. The nearly 300,000 square foot, nine story, state-of-the-art building will be located within the proposed new City Center at O-Town West project developed by Unicorp National Developments, Inc. fronting Interstate 4 and Daryl Carter Parkway. O-Town West is a $1 billion plus mixed-use development that is currently programmed to include restaurants, offices, entertainment, retail stores, hotels, high-end apartments and residential homes.
Hyatt Hotels (H) announces the opening of second branded hotel in Virginia, Hyatt Centric Old Town Alexandria. Its efforts to expand presence worldwide are noteworthy.
Extended Stay America (STAY) continues to expand its footprint. To this end, the company plans to convert an existing hotel in San Antonio, Texas.
Hyatt (H) announces the opening of Hyatt Regency Manchester and Hyatt House Manchester. The company's efforts to expand presence worldwide are noteworthy.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...