Hyatt Hotels Co. (NYSE:H) announced a quarterly dividend on Wednesday, July 31st, Zacks reports. Investors of record on Tuesday, August 27th will be paid a dividend of 0.19 per share on Monday, September 9th. This represents a $0.76 annualized dividend and a yield of 0.99%. The ex-dividend date is Monday, August 26th.
Hyatt Hotels has a payout ratio of 48.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hyatt Hotels to earn $1.88 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 40.4%.
Shares of NYSE:H opened at $76.47 on Friday. The company has a market cap of $8.32 billion, a P/E ratio of 38.62, a PEG ratio of 9.87 and a beta of 1.06. The firm has a 50-day moving average price of $76.76. Hyatt Hotels has a fifty-two week low of $63.45 and a fifty-two week high of $81.57. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.17 and a current ratio of 1.18.
In other news, insider David Udell sold 3,662 shares of Hyatt Hotels stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $78.00, for a total value of $285,636.00. Following the transaction, the insider now owns 4,337 shares of the company’s stock, valued at approximately $338,286. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider H. Charles Floyd sold 5,000 shares of Hyatt Hotels stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $76.48, for a total transaction of $382,400.00. Following the completion of the transaction, the insider now directly owns 52,975 shares in the company, valued at approximately $4,051,528. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,096 shares of company stock worth $1,325,250. 24.70% of the stock is owned by corporate insiders.
Several research firms have commented on H. Zacks Investment Research cut shares of Hyatt Hotels from a “buy” rating to a “hold” rating and set a $85.00 target price on the stock. in a research note on Wednesday, July 17th. Wells Fargo & Co reissued a “hold” rating on shares of Hyatt Hotels in a research note on Tuesday, July 23rd. ValuEngine raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Finally, Deutsche Bank reissued a “hold” rating and set a $75.00 target price on shares of Hyatt Hotels in a research note on Thursday. Twelve analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Hyatt Hotels has a consensus rating of “Hold” and a consensus target price of $79.37.
Hyatt Hotels Company Profile
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates through four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
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