Hyatt Hotels (NYSE:H) Upgraded by Evercore ISI to “Outperform” Rating

Evercore ISI upgraded shares of Hyatt Hotels (NYSE:H) from an in-line rating to an outperform rating in a report published on Wednesday morning, Marketbeat reports. The firm currently has $175.00 price objective on the stock.

Several other equities analysts have also recently weighed in on H. Stifel Nicolaus raised their target price on shares of Hyatt Hotels from $145.50 to $157.50 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Jefferies Financial Group raised their target price on shares of Hyatt Hotels from $150.00 to $176.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Truist Financial raised their target price on shares of Hyatt Hotels from $158.00 to $163.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Barclays cut their target price on shares of Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Finally, StockNews.com cut shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $163.13.

Hyatt Hotels Stock Performance

Shares of NYSE H opened at $140.05 on Wednesday. The firm has a fifty day moving average price of $152.75 and a 200-day moving average price of $152.87. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market cap of $13.47 billion, a PE ratio of 11.26 and a beta of 1.51. Hyatt Hotels has a 1 year low of $128.91 and a 1 year high of $168.20.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same period last year, the company earned $0.64 earnings per share. Equities analysts anticipate that Hyatt Hotels will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.43%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.82%.

Insider Transactions at Hyatt Hotels

In related news, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the completion of the sale, the director now owns 37,927 shares in the company, valued at $5,377,290.06. This trade represents a 4.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 23.50% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. increased its position in Hyatt Hotels by 0.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 15,539 shares of the company’s stock valued at $2,365,000 after purchasing an additional 66 shares during the period. Townsquare Capital LLC increased its position in Hyatt Hotels by 3.4% during the 4th quarter. Townsquare Capital LLC now owns 2,801 shares of the company’s stock valued at $440,000 after purchasing an additional 92 shares during the period. Kensington Investment Counsel LLC increased its position in Hyatt Hotels by 0.7% during the 4th quarter. Kensington Investment Counsel LLC now owns 13,604 shares of the company’s stock valued at $2,136,000 after purchasing an additional 95 shares during the period. Bridges Investment Management Inc. increased its position in Hyatt Hotels by 2.3% during the 4th quarter. Bridges Investment Management Inc. now owns 4,341 shares of the company’s stock valued at $681,000 after purchasing an additional 99 shares during the period. Finally, UMB Bank n.a. increased its position in Hyatt Hotels by 99.0% during the 4th quarter. UMB Bank n.a. now owns 209 shares of the company’s stock valued at $33,000 after purchasing an additional 104 shares during the period. Institutional investors own 73.54% of the company’s stock.

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.