Hyatt Hotels Corporation (H) To Go Ex-Dividend on May 29th

Hyatt Hotels Corporation (NYSE:HGet Free Report) announced a quarterly dividend on Tuesday, March 31st. Investors of record on Friday, May 29th will be paid a dividend of 0.15 per share on Thursday, June 11th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, May 29th.

Hyatt Hotels has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 1 years. Hyatt Hotels has a dividend payout ratio of 18.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hyatt Hotels to earn $4.81 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 12.5%.

Hyatt Hotels Trading Up 3.2%

Shares of Hyatt Hotels stock opened at $179.80 on Wednesday. Hyatt Hotels has a 52-week low of $127.54 and a 52-week high of $180.53. The stock’s 50-day simple moving average is $158.99 and its 200 day simple moving average is $160.33. The stock has a market capitalization of $16.93 billion, a P/E ratio of -513.71 and a beta of 1.33. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.60 and a current ratio of 0.60.

Hyatt Hotels (NYSE:HGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the previous year, the business posted $0.46 EPS. As a group, research analysts anticipate that Hyatt Hotels will post 3.48 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on H. JPMorgan Chase & Co. upped their price target on Hyatt Hotels from $181.00 to $186.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Truist Financial upped their price target on Hyatt Hotels from $181.00 to $187.00 and gave the company a “buy” rating in a research report on Tuesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Friday, March 27th. Sanford C. Bernstein upped their price target on Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Finally, Barclays upped their price target on Hyatt Hotels from $197.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $185.50.

Read Our Latest Research Report on Hyatt Hotels

Hyatt Hotels Company Profile

(Get Free Report)

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.

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Dividend History for Hyatt Hotels (NYSE:H)

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