Hyatt Hotels Co. (NYSE:H) announced a quarterly dividend on Wednesday, February 14th, RTT News reports. Shareholders of record on Thursday, March 22nd will be given a dividend of 0.15 per share on Thursday, March 29th. This represents a $0.60 annualized dividend and a yield of 0.74%.
Hyatt Hotels (NYSE H) traded up $1.90 during midday trading on Wednesday, reaching $80.54. 1,857,771 shares of the company’s stock traded hands, compared to its average volume of 886,063. The stock has a market capitalization of $9,245.28, a P/E ratio of 43.20, a PEG ratio of 12.02 and a beta of 1.31. Hyatt Hotels has a 1-year low of $50.21 and a 1-year high of $82.50. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.04 and a current ratio of 1.06.
H has been the topic of a number of recent analyst reports. Stifel Nicolaus reissued a “hold” rating and issued a $78.00 price target on shares of Hyatt Hotels in a report on Thursday, February 1st. Zacks Investment Research downgraded shares of Hyatt Hotels from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 18th. Robert W. Baird reissued a “buy” rating and issued a $84.00 price target on shares of Hyatt Hotels in a report on Tuesday, January 9th. Raymond James Financial raised shares of Hyatt Hotels from a “market perform” rating to an “outperform” rating and set a $82.00 price target on the stock in a report on Monday, January 8th. Finally, Wolfe Research raised shares of Hyatt Hotels from a “market perform” rating to an “outperform” rating in a report on Thursday, December 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $74.69.
Hyatt Hotels announced that its board has approved a stock buyback plan on Thursday, December 14th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.
About Hyatt Hotels
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).
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