Other analysts have also issued research reports about the company. Zacks Investment Research raised Hyatt Hotels from a hold rating to a buy rating and set a $90.00 price target for the company in a report on Monday, July 9th. Robert W. Baird set a $88.00 price objective on Hyatt Hotels and gave the company a buy rating in a research report on Friday, October 19th. Longbow Research assumed coverage on Hyatt Hotels in a research report on Friday, September 7th. They issued a buy rating and a $99.00 price objective on the stock. Berenberg Bank downgraded Hyatt Hotels from a buy rating to a hold rating and boosted their price objective for the company from $83.00 to $87.50 in a research report on Thursday, July 19th. Finally, Jefferies Financial Group restated a hold rating and issued a $84.00 price objective on shares of Hyatt Hotels in a research report on Thursday, October 4th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Hyatt Hotels currently has an average rating of Hold and a consensus price target of $82.41.
Shares of H traded down $0.16 during trading hours on Thursday, hitting $71.43. The stock had a trading volume of 1,136,017 shares, compared to its average volume of 967,437. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.17 and a quick ratio of 1.87. Hyatt Hotels has a 12 month low of $64.82 and a 12 month high of $84.89. The firm has a market capitalization of $7.95 billion, a P/E ratio of 40.13, a PEG ratio of 4.51 and a beta of 1.28.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Wednesday, November 28th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, November 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.84%. Hyatt Hotels’s dividend payout ratio is 33.71%.
In related news, insider H Co Lp Lci sold 110,480 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $78.76, for a total value of $8,701,404.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider 8-26-22 Gp Llc sold 196,719 shares of the stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $78.09, for a total value of $15,361,786.71. Following the completion of the transaction, the insider now directly owns 100,000 shares in the company, valued at approximately $7,809,000. The disclosure for this sale can be found here. Corporate insiders own 18.40% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Cutler Group LP bought a new stake in Hyatt Hotels during the 2nd quarter valued at $154,000. Point72 Hong Kong Ltd lifted its holdings in shares of Hyatt Hotels by 54.7% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,523 shares of the company’s stock valued at $195,000 after purchasing an additional 892 shares during the last quarter. CAPROCK Group Inc. purchased a new stake in shares of Hyatt Hotels during the 3rd quarter valued at $203,000. Intrust Bank NA purchased a new stake in shares of Hyatt Hotels during the 2nd quarter valued at $210,000. Finally, Vident Investment Advisory LLC purchased a new stake in shares of Hyatt Hotels during the 2nd quarter valued at $225,000. 37.36% of the stock is currently owned by institutional investors and hedge funds.
Hyatt Hotels Company Profile
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
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