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

Hyatt Hotels Co. (NYSE:H) declared a quarterly dividend on Thursday, February 13th, Wall Street Journal reports. Investors of record on Friday, February 28th will be paid a dividend of 0.15 per share on Wednesday, March 12th. This represents a $0.60 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Friday, February 28th.

Hyatt Hotels has a payout ratio of 13.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hyatt Hotels to earn $4.25 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 14.1%.

Hyatt Hotels Trading Up 0.5 %

H opened at $138.72 on Wednesday. The firm has a market cap of $13.34 billion, a price-to-earnings ratio of 11.15 and a beta of 1.48. Hyatt Hotels has a 52 week low of $128.91 and a 52 week high of $168.20. The business’s 50 day moving average is $154.45 and its two-hundred day moving average is $152.84. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.22). Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the company posted $0.64 EPS. On average, research analysts predict that Hyatt Hotels will post 3.05 EPS for the current year.

Analysts Set New Price Targets

H has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Hyatt Hotels from $120.00 to $127.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Truist Financial boosted their target price on Hyatt Hotels from $158.00 to $163.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Mizuho reduced their price target on Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Stifel Nicolaus upped their price objective on Hyatt Hotels from $145.50 to $157.50 and gave the stock a “hold” rating in a report on Tuesday, November 26th. Finally, The Goldman Sachs Group raised their target price on Hyatt Hotels from $151.00 to $167.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $162.55.

Hyatt Hotels Company Profile

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.