StockNews.com Begins Coverage on Wyndham Hotels & Resorts (NYSE:WH)

StockNews.com began coverage on shares of Wyndham Hotels & Resorts (NYSE:WH) in a report issued on Friday morning. The firm issued a hold rating on the stock.

Other analysts have also recently issued research reports about the company. Barclays lifted their price target on Wyndham Hotels & Resorts from $87.00 to $88.00 and gave the stock an overweight rating in a research report on Friday, April 26th. Robert W. Baird boosted their price objective on Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the company an outperform rating in a report on Friday, April 26th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $88.17.

Wyndham Hotels & Resorts Trading Down 0.9 %

Shares of NYSE WH opened at $72.25 on Friday. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.70 and a current ratio of 0.70. The business’s 50 day moving average price is $71.60 and its 200-day moving average price is $75.99. Wyndham Hotels & Resorts has a fifty-two week low of $65.54 and a fifty-two week high of $81.73. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 2.52 and a beta of 1.33.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. Wyndham Hotels & Resorts had a return on equity of 41.83% and a net margin of 17.19%. The company had revenue of $305.00 million for the quarter, compared to analysts’ expectations of $308.24 million. During the same quarter in the prior year, the firm earned $0.86 earnings per share. Wyndham Hotels & Resorts’s revenue was down 2.6% compared to the same quarter last year. On average, sell-side analysts expect that Wyndham Hotels & Resorts will post 4.25 earnings per share for the current year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.10%. Wyndham Hotels & Resorts’s dividend payout ratio is currently 53.90%.

Insider Activity

In related news, CEO Geoffrey A. Ballotti sold 196,279 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $73.36, for a total transaction of $14,399,027.44. Following the completion of the sale, the chief executive officer now owns 377,712 shares of the company’s stock, valued at approximately $27,708,952.32. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Scott R. Strickland sold 4,040 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $69.46, for a total value of $280,618.40. Following the completion of the transaction, the insider now directly owns 28,722 shares in the company, valued at $1,995,030.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Geoffrey A. Ballotti sold 196,279 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $73.36, for a total transaction of $14,399,027.44. Following the completion of the transaction, the chief executive officer now owns 377,712 shares of the company’s stock, valued at $27,708,952.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 206,933 shares of company stock worth $15,130,227. 2.79% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

Hedge funds have recently made changes to their positions in the company. Allworth Financial LP increased its stake in shares of Wyndham Hotels & Resorts by 62.6% during the 4th quarter. Allworth Financial LP now owns 395 shares of the company’s stock worth $32,000 after purchasing an additional 152 shares during the last quarter. Chilton Capital Management LLC acquired a new position in shares of Wyndham Hotels & Resorts during the 4th quarter worth $47,000. Covestor Ltd increased its stake in shares of Wyndham Hotels & Resorts by 68.3% during the 3rd quarter. Covestor Ltd now owns 813 shares of the company’s stock worth $57,000 after purchasing an additional 330 shares during the last quarter. TFO Wealth Partners LLC increased its stake in shares of Wyndham Hotels & Resorts by 41,100.0% during the 4th quarter. TFO Wealth Partners LLC now owns 824 shares of the company’s stock worth $66,000 after purchasing an additional 822 shares during the last quarter. Finally, Concord Wealth Partners grew its stake in Wyndham Hotels & Resorts by 70.8% in the 1st quarter. Concord Wealth Partners now owns 1,023 shares of the company’s stock valued at $79,000 after buying an additional 424 shares during the last quarter. Hedge funds and other 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.