Wyndham Hotels & Resorts (NYSE:WH) PT Raised to $88.00

Wyndham Hotels & Resorts (NYSE:WH) had its price objective upped by Barclays from $87.00 to $88.00 in a research note published on Friday, Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also issued reports on the stock. StockNews.com started coverage on shares of Wyndham Hotels & Resorts in a research note on Friday, April 19th. They issued a hold rating for the company. Robert W. Baird boosted their target price on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an outperform rating in a research report on Friday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $88.17.

Wyndham Hotels & Resorts Stock Up 0.7 %

WH stock opened at $74.29 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 3.27. Wyndham Hotels & Resorts has a 1 year low of $63.69 and a 1 year high of $81.73. The company has a fifty day simple moving average of $75.41 and a 200 day simple moving average of $76.81. The firm has a market cap of $5.99 billion, a PE ratio of 26.34, a PEG ratio of 3.05 and a beta of 1.35.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03. Wyndham Hotels & Resorts had a net margin of 17.19% and a return on equity of 41.83%. The business had revenue of $305.00 million during the quarter, compared to analyst estimates of $308.24 million. During the same quarter in the previous year, the business earned $0.86 EPS. Wyndham Hotels & Resorts’s quarterly revenue was down 2.6% compared to the same quarter last year. Sell-side analysts anticipate that Wyndham Hotels & Resorts will post 4.23 EPS for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.38 per share. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.05%. Wyndham Hotels & Resorts’s payout ratio is presently 53.90%.

Insider Transactions at Wyndham Hotels & Resorts

In other news, CAO Nicola Rossi sold 3,200 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $79.00, for a total transaction of $252,800.00. Following the transaction, the chief accounting officer now owns 11,404 shares in the company, valued at approximately $900,916. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.79% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WH. Assenagon Asset Management S.A. bought a new stake in Wyndham Hotels & Resorts in the fourth quarter valued at about $2,011,000. Wellington Management Group LLP increased its stake in Wyndham Hotels & Resorts by 150.2% in the third quarter. Wellington Management Group LLP now owns 5,001,611 shares of the company’s stock valued at $347,812,000 after acquiring an additional 3,002,259 shares during the period. Kennedy Capital Management LLC increased its stake in Wyndham Hotels & Resorts by 31.5% in the third quarter. Kennedy Capital Management LLC now owns 77,229 shares of the company’s stock valued at $5,371,000 after acquiring an additional 18,511 shares during the period. Brandywine Global Investment Management LLC increased its stake in Wyndham Hotels & Resorts by 53.3% in the third quarter. Brandywine Global Investment Management LLC now owns 66,851 shares of the company’s stock valued at $4,649,000 after acquiring an additional 23,253 shares during the period. Finally, LRT Capital Management LLC increased its stake in Wyndham Hotels & Resorts by 31.2% in the third quarter. LRT Capital Management LLC now owns 66,605 shares of the company’s stock valued at $4,632,000 after acquiring an additional 15,843 shares during the period. Institutional investors own 93.46% of the company’s stock.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.