Hyatt Hotels Co. (NYSE:H) Declares $0.15 Quarterly Dividend

Hyatt Hotels Co. (NYSE:H) declared a quarterly dividend on Thursday, October 31st,Zacks Dividends reports. Stockholders of record on Friday, November 22nd will be given a dividend of 0.15 per share on Friday, December 6th. This represents a $0.60 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Friday, November 22nd.

Hyatt Hotels has raised its dividend by an average of 31.0% per year over the last three years. Hyatt Hotels has a payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hyatt Hotels to earn $3.68 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 16.3%.

Hyatt Hotels Stock Performance

H opened at $154.85 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79. The business has a fifty day simple moving average of $152.45 and a 200 day simple moving average of $149.26. Hyatt Hotels has a 1 year low of $112.85 and a 1 year high of $162.24. The company has a market capitalization of $14.87 billion, a PE ratio of 11.67 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the business earned $0.70 earnings per share. Research analysts expect that Hyatt Hotels will post 3.91 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on H shares. Susquehanna cut their price target on Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 14th. Cfra set a $155.00 target price on shares of Hyatt Hotels in a research report on Thursday, October 17th. Stifel Nicolaus upped their price target on shares of Hyatt Hotels from $141.00 to $151.00 and gave the company a “hold” rating in a research report on Tuesday, August 20th. Morgan Stanley dropped their price target on shares of Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Hsbc Global Res raised shares of Hyatt Hotels to a “hold” rating in a research note on Friday, November 1st. Fifteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Hyatt Hotels currently has an average rating of “Hold” and a consensus price target of $151.57.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the completion of the sale, the insider now directly owns 623,556 shares in the company, valued at approximately $93,389,982.12. The trade was a 7.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.50% of the stock is owned by company insiders.

About Hyatt Hotels

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.