Hyatt Hotels Co. (H) To Go Ex-Dividend on February 28th

Hyatt Hotels Co. (NYSE:H) announced a quarterly dividend on Thursday, February 13th, Wall Street Journal reports. Stockholders 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 dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, February 28th.

Hyatt Hotels has a payout ratio of 13.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hyatt Hotels to earn $4.25 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 14.1%.

Hyatt Hotels Trading Up 0.5 %

Shares of NYSE:H opened at $138.72 on Wednesday. The company has a market capitalization of $13.34 billion, a PE ratio of 11.15 and a beta of 1.48. Hyatt Hotels has a 12-month low of $128.91 and a 12-month high of $168.20. The business has a 50 day moving average of $154.45 and a two-hundred day moving average of $152.84. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.22). Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the business posted $0.64 EPS. As a group, analysts forecast that Hyatt Hotels will post 3.05 EPS for the current year.

Analysts Set New Price Targets

H has been the topic of several recent analyst reports. Hsbc Global Res raised shares of Hyatt Hotels to a “hold” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on Hyatt Hotels from $120.00 to $127.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Stifel Nicolaus raised their target price on Hyatt Hotels from $145.50 to $157.50 and gave the company a “hold” rating in a research report on Tuesday, November 26th. HSBC lowered Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price target on the stock. in a research note on Friday, November 1st. Finally, Wells Fargo & Company decreased their price objective on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $162.55.

About Hyatt Hotels

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.