Hyatt Hotels Corporation (NYSE:H) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Hyatt Hotels Corporation (NYSE:H) have been given a consensus recommendation of “Moderate Buy” by the seventeen brokerages that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $192.40.

H has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyatt Hotels in a report on Friday, March 27th. Robert W. Baird increased their price objective on shares of Hyatt Hotels from $183.00 to $185.00 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Stifel Nicolaus set a $182.00 target price on shares of Hyatt Hotels in a research note on Friday, May 29th. Morgan Stanley lifted their target price on Hyatt Hotels from $195.00 to $208.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Finally, Susquehanna lowered their target price on shares of Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating on the stock in a report on Monday, May 4th.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Jnp 2010-Pg Trust sold 213,434 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $167.75, for a total transaction of $35,803,553.50. Following the sale, the insider owned 213,434 shares of the company’s stock, valued at $35,803,553.50. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Cary D. Mcmillan sold 1,119 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $174.96, for a total value of $195,780.24. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 236,658 shares of company stock valued at $39,977,159. 23.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hyatt Hotels

Institutional investors have recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new position in Hyatt Hotels in the fourth quarter valued at approximately $26,000. Johnson Financial Group Inc. increased its position in shares of Hyatt Hotels by 450.0% in the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after buying an additional 144 shares in the last quarter. DV Equities LLC purchased a new stake in Hyatt Hotels during the 4th quarter worth about $32,000. Ares Financial Consulting LLC acquired a new stake in Hyatt Hotels in the 4th quarter worth about $34,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Hyatt Hotels by 98.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock worth $31,000 after buying an additional 107 shares during the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.

Hyatt Hotels Trading Down 0.4%

Shares of H opened at $197.32 on Thursday. The firm has a market cap of $18.58 billion, a price-to-earnings ratio of -563.77 and a beta of 1.33. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.60 and a current ratio of 0.60. Hyatt Hotels has a fifty-two week low of $133.51 and a fifty-two week high of $206.86. The firm has a 50 day moving average price of $178.59 and a 200-day moving average price of $165.67.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.06. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the firm earned $0.46 earnings per share. As a group, equities research analysts forecast that Hyatt Hotels will post 3.58 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Friday, May 29th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.3%. Hyatt Hotels’s dividend payout ratio is -171.43%.

About Hyatt Hotels

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.