Credit Suisse Group upgraded shares of Hyatt Hotels (NYSE:H) to an outperform rating in a research report released on Monday morning, Stock Target Advisor reports.
Several other equities analysts also recently issued reports on H. Deutsche Bank reiterated a hold rating and issued a $75.00 price objective on shares of Hyatt Hotels in a research report on Thursday, August 1st. Wells Fargo & Co reiterated a hold rating on shares of Hyatt Hotels in a research report on Tuesday, July 23rd. Zacks Investment Research downgraded Hyatt Hotels from a buy rating to a hold rating and set a $85.00 price objective for the company. in a research report on Wednesday, July 17th. Finally, Raymond James reiterated a hold rating on shares of Hyatt Hotels in a research report on Monday, August 12th. Twelve investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Hyatt Hotels presently has an average rating of Hold and a consensus price target of $79.37.
Hyatt Hotels stock opened at $74.02 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.17 and a quick ratio of 1.16. The company has a market capitalization of $7.81 billion, a PE ratio of 37.38, a price-to-earnings-growth ratio of 5.17 and a beta of 1.05. Hyatt Hotels has a one year low of $63.45 and a one year high of $81.57. The business has a 50 day simple moving average of $76.69 and a 200 day simple moving average of $74.94.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 9th. Stockholders of record on Tuesday, August 27th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, August 26th. This represents a $0.76 annualized dividend and a dividend yield of 1.03%. Hyatt Hotels’s dividend payout ratio (DPR) is currently 38.38%.
In other news, insider H. Charles Floyd sold 6,500 shares of Hyatt Hotels stock in a transaction on Monday, July 15th. The stock was sold at an average price of $78.00, for a total value of $507,000.00. Following the completion of the sale, the insider now directly owns 41,475 shares of the company’s stock, valued at approximately $3,235,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 24.70% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC acquired a new position in Hyatt Hotels in the first quarter valued at about $28,000. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in Hyatt Hotels in the first quarter valued at about $43,000. Toronto Dominion Bank acquired a new position in Hyatt Hotels in the second quarter valued at about $54,000. Tower Research Capital LLC TRC grew its stake in Hyatt Hotels by 177.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,080 shares of the company’s stock valued at $82,000 after acquiring an additional 691 shares during the period. Finally, Marshall Wace North America L.P. acquired a new position in Hyatt Hotels in the first quarter valued at about $98,000. 37.62% of the stock is 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 through 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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