Hyatt Hotels (NYSE:H) Price Target Lowered to $185.00 at Morgan Stanley

Hyatt Hotels (NYSE:H) had its price target trimmed by Morgan Stanley from $194.00 to $185.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other analysts have also issued research reports about the company. Robert W. Baird upped their target price on Hyatt Hotels from $154.00 to $156.00 and gave the stock a “neutral” rating in a report on Thursday, November 20th. Wells Fargo & Company lifted their price target on Hyatt Hotels from $167.00 to $171.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Stifel Nicolaus boosted their price target on Hyatt Hotels from $158.00 to $164.00 and gave the stock a “hold” rating in a research report on Wednesday, December 31st. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $188.00 price objective on shares of Hyatt Hotels in a research report on Friday, January 2nd. Finally, Barclays lifted their target price on Hyatt Hotels from $198.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $175.80.

Hyatt Hotels Trading Down 2.4%

NYSE H opened at $152.00 on Tuesday. Hyatt Hotels has a one year low of $102.43 and a one year high of $180.53. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $14.36 billion, a price-to-earnings ratio of -271.43, a price-to-earnings-growth ratio of 1.85 and a beta of 1.22. The company’s 50-day simple moving average is $163.40 and its two-hundred day simple moving average is $154.97.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, February 12th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $1.04. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Hyatt Hotels had a negative net margin of 0.73% and a positive return on equity of 5.53%. During the same quarter in the prior year, the company earned $0.42 EPS. Equities analysts forecast that Hyatt Hotels will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, March 2nd. Hyatt Hotels’s dividend payout ratio is currently -107.14%.

Insider Buying and Selling at Hyatt Hotels

In related news, insider Javier Aguila sold 9,548 shares of the business’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $165.87, for a total transaction of $1,583,726.76. Following the transaction, the insider directly owned 2,684 shares in the company, valued at $445,195.08. The trade was a 78.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 23.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Hyatt Hotels

Several institutional investors have recently added to or reduced their stakes in H. Goldman Sachs Group Inc. raised its position in shares of Hyatt Hotels by 7.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company’s stock valued at $52,229,000 after purchasing an additional 29,976 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Hyatt Hotels by 8.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,311 shares of the company’s stock worth $17,556,000 after purchasing an additional 11,252 shares during the last quarter. Atria Investments Inc grew its position in Hyatt Hotels by 4.1% during the 2nd quarter. Atria Investments Inc now owns 2,063 shares of the company’s stock worth $288,000 after purchasing an additional 81 shares during the last quarter. Aviva PLC increased its stake in Hyatt Hotels by 1.9% during the 2nd quarter. Aviva PLC now owns 24,577 shares of the company’s stock valued at $3,432,000 after purchasing an additional 451 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Hyatt Hotels by 350.5% in the second quarter. Allworth Financial LP now owns 410 shares of the company’s stock worth $57,000 after buying an additional 319 shares during the last quarter. Institutional investors and hedge funds 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.