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

Hyatt Hotels Co. (NYSE:H) announced a quarterly dividend on Thursday, February 13th,Wall Street Journal reports. Shareholders 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 0.42%. The ex-dividend date of this dividend is Friday, February 28th.

Hyatt Hotels has a payout ratio of 12.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hyatt Hotels to earn $3.63 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 16.5%.

Hyatt Hotels Trading Down 3.0 %

Shares of NYSE H opened at $143.02 on Friday. Hyatt Hotels has a 1-year low of $128.90 and a 1-year high of $168.20. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73. The company has a 50-day moving average of $156.78 and a two-hundred day moving average of $152.40. The company has a market cap of $13.74 billion, a PE ratio of 10.78 and a beta of 1.48.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.22). Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same period last year, the company posted $0.64 EPS. As a group, equities analysts expect that Hyatt Hotels will post 3.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Mark R. Vondrasek sold 3,776 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $159.99, for a total value of $604,122.24. Following the completion of the transaction, the insider now directly owns 5,798 shares of the company’s stock, valued at approximately $927,622.02. This represents a 39.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 23.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on H shares. Robert W. Baird lifted their price objective on Hyatt Hotels from $157.00 to $158.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Morgan Stanley dropped their price target on shares of Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. StockNews.com raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Mizuho dropped their target price on shares of Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Hsbc Global Res upgraded Hyatt Hotels to a “hold” rating in a research report on Friday, November 1st. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $162.13.

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.