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

Shares of Hyatt Hotels Corporation (NYSE:H) have received an average recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $197.0667.

Several research analysts have recently weighed in on the stock. Wolfe Research assumed coverage on shares of Hyatt Hotels in a report on Wednesday, September 2nd. They set an “outperform” rating and a $203.00 price objective for the company. Mizuho boosted their target price on shares of Hyatt Hotels from $219.00 to $221.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. HSBC raised Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 price target on the stock in a report on Thursday, June 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Wednesday, June 24th. Finally, Robert W. Baird reduced their price objective on Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd.

Insider Activity at Hyatt Hotels

In other news, Director Susan Kronick sold 1,700 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $179.88, for a total value of $305,796.00. Following the transaction, the director owned 29,525 shares in the company, valued at $5,310,957. This represents a 5.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 23.60% of the stock is owned by insiders.

Institutional Trading of Hyatt Hotels

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Delta Global Management LP purchased a new stake in shares of Hyatt Hotels in the 1st quarter worth $2,151,000. Truist Financial Corp lifted its position in Hyatt Hotels by 970.8% during the fourth quarter. Truist Financial Corp now owns 18,524 shares of the company’s stock valued at $2,970,000 after purchasing an additional 16,794 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Hyatt Hotels by 345.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,869 shares of the company’s stock valued at $1,422,000 after purchasing an additional 6,877 shares during the period. Accredited Investors Inc. purchased a new stake in Hyatt Hotels in the fourth quarter worth about $1,146,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in Hyatt Hotels by 8,321.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 188,551 shares of the company’s stock worth $30,228,000 after buying an additional 186,312 shares in the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.

Hyatt Hotels Stock Performance

H stock opened at $166.00 on Tuesday. The stock’s 50 day simple moving average is $181.18 and its 200 day simple moving average is $172.71. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.01. Hyatt Hotels has a 12-month low of $134.18 and a 12-month high of $206.86. The stock has a market capitalization of $15.64 billion, a PE ratio of 202.44 and a beta of 1.34.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, July 30th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.21. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%.The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the company earned $0.68 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, research analysts forecast that Hyatt Hotels will post 3.54 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Thursday, August 27th. Hyatt Hotels’s payout ratio is currently 73.17%.

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.