Hyatt Hotels (NYSE:H) Hits New 52-Week High – Here’s Why

Hyatt Hotels Corporation (NYSE:H)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $200.26 and last traded at $198.3420, with a volume of 68574 shares trading hands. The stock had previously closed at $197.86.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on H. Mizuho lifted their price target on shares of Hyatt Hotels from $219.00 to $221.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Wells Fargo & Company upped their price objective on shares of Hyatt Hotels from $167.00 to $171.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. Susquehanna decreased their target price on shares of Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Morgan Stanley boosted their price target on Hyatt Hotels from $195.00 to $208.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Finally, Robert W. Baird increased their price target on Hyatt Hotels from $183.00 to $185.00 and gave the stock a “neutral” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.40.

Hyatt Hotels Trading Up 0.2%

The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.60 and a current ratio of 0.60. The business’s 50 day moving average price is $169.63 and its 200-day moving average price is $163.36. The firm has a market cap of $18.67 billion, a price-to-earnings ratio of -566.49 and a beta of 1.33.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.During the same period last year, the firm earned $0.46 earnings per share. Equities analysts expect that Hyatt Hotels Corporation will post 3.58 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Friday, May 29th were given a $0.15 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.3%. Hyatt Hotels’s dividend payout ratio (DPR) is presently -171.43%.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Jnp 2010-Pg Trust sold 213,434 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $167.75, for a total transaction of $35,803,553.50. Following the completion of the sale, the insider owned 213,434 shares in the company, valued at $35,803,553.50. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Peter Sears sold 10,217 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $185.66, for a total transaction of $1,896,888.22. Following the sale, the insider directly owned 6,374 shares in the company, valued at $1,183,396.84. This trade represents a 61.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 237,458 shares of company stock worth $40,093,807. 23.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Hyatt Hotels

Institutional investors have recently modified their holdings of the business. Los Angeles Capital Management LLC acquired a new position in Hyatt Hotels in the fourth quarter valued at approximately $26,000. Johnson Financial Group Inc. lifted its holdings in shares of Hyatt Hotels by 450.0% in the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock worth $25,000 after purchasing an additional 144 shares during the last quarter. DV Equities LLC acquired a new position in Hyatt Hotels during the 4th quarter valued at approximately $32,000. Ares Financial Consulting LLC acquired a new position in Hyatt Hotels during the 4th quarter valued at approximately $34,000. Finally, EverSource Wealth Advisors LLC grew its stake in Hyatt Hotels by 98.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock worth $31,000 after buying an additional 107 shares during the last quarter. Institutional investors own 73.54% of the company’s stock.

About Hyatt Hotels

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.