Morgan Stanley Lowers Hyatt Hotels (NYSE:H) Price Target to $144.00

Hyatt Hotels (NYSE:H) had its price target reduced by Morgan Stanley from $157.00 to $144.00 in a research note released on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

H has been the subject of several other research reports. Mizuho dropped their price objective on Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a research note on Friday, February 14th. Stifel Nicolaus lifted their price objective on Hyatt Hotels from $145.50 to $157.50 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Jefferies Financial Group lifted their price objective on Hyatt Hotels from $150.00 to $176.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Macquarie dropped their price objective on Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, February 14th. Finally, The Goldman Sachs Group lifted their price objective on Hyatt Hotels from $151.00 to $167.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $162.08.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $137.24 on Tuesday. The stock has a market cap of $13.20 billion, a PE ratio of 11.03 and a beta of 1.48. Hyatt Hotels has a fifty-two week low of $128.91 and a fifty-two week high of $168.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a fifty day moving average of $152.75 and a 200-day moving average of $152.87.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.22). The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same quarter last year, the firm posted $0.64 earnings per share. Equities research analysts anticipate that Hyatt Hotels will post 3.05 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Friday, February 28th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.82%.

Insider Activity

In other news, Director Susan D. Kronick sold 1,600 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $141.78, for a total value of $226,848.00. Following the completion of the sale, the director now owns 37,927 shares of the company’s stock, valued at approximately $5,377,290.06. The trade was a 4.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 23.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of H. Raymond James Financial Inc. purchased a new position in Hyatt Hotels during the 4th quarter valued at about $77,136,000. Invesco Ltd. increased its holdings in Hyatt Hotels by 241.4% during the 4th quarter. Invesco Ltd. now owns 679,557 shares of the company’s stock valued at $106,677,000 after purchasing an additional 480,523 shares during the period. Norges Bank purchased a new position in shares of Hyatt Hotels during the 4th quarter worth approximately $61,572,000. Alyeska Investment Group L.P. purchased a new position in shares of Hyatt Hotels during the 4th quarter worth approximately $43,953,000. Finally, Deutsche Bank AG grew its holdings in shares of Hyatt Hotels by 209.8% during the 4th quarter. Deutsche Bank AG now owns 255,563 shares of the company’s stock worth $40,118,000 after acquiring an additional 173,075 shares during the period. Hedge funds and other institutional investors own 73.54% of the company’s stock.

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.